Lockheed Martin Corporation LMT

Company Overview

Lockheed Martin Corporation is a global aerospace and defense company primarily engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems for defense, security, and aerospace applications. The company operates mainly within the defense contracting and government services industries, with the U.S. Department of Defense as its largest customer, alongside allied governments and select commercial clients. Its core revenue drivers are long-term government contracts tied to aircraft production, missile systems, space programs, and classified defense technologies.

The company is widely recognized for its role as a prime contractor on several flagship defense programs, including the F-35 Lightning II fighter aircraft, which represents its single largest program and a key strategic differentiator. Lockheed Martin was formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, combining legacy aerospace, missile, and space capabilities. Since then, it has evolved into one of the world’s largest defense contractors by revenue, emphasizing advanced systems integration, long-duration program execution, and sustained investment in next-generation defense technologies.