Lockheed Martin Corp - Company Profile
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Business Description
Lockheed Martin Corp (Lockheed Martin) is a provider of security and information technology solutions. The company serves the US government, international, and commercial customers. In FY2023, the company generated 83.3% of revenue from product sales and 16.7% from services.
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R&D Overview
The company’s R&D arm focuses on the development of emerging technologies and the enhancement of existing technologies to meet the changing market trends and customer needs. Its R&D activities comprises applied research, basic research, design, concept formulation studies, development, and associated tests. In FY2023, Lockheed Martin incurred expenses of US$1,500 million on R&D, which as a percentage of revenue stood at 2.2%.
Business Segments
Overview
Carries out research, design, development, production, upgrade, integration, sustainment, and support of advanced military aircraft such as air and combat and mobility aircraft, unmanned air vehicles (UAVs) and relevant technologies. Major programs include F-35 Lightning II, C-130 Hercules, F-16 Fighting Falcon, and F-22 Raptor.
Performance
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Overview
Offers air and missile defense systems, manned and unmanned ground vehicles, tactical missiles, air-to-ground precision strike weapons, fire control systems, logistics, energy management solutions and mission operations support, readiness, engineering support, and integration services. Major programs include the Terminal High Altitude Area Defense (THAAD) and Patriot Advanced Capability-3 (PAC-3), air and missile defense; Infrared Search and Track (IRST21), Multiple Launch Rocket System (MLRS), Joint Air-to-Surface Standoff Missile (JASSM), Hellfire; SNIPER, Apache fire control systems; and Special Operations Forces Global Logistics Support Services (SOF GLSS) programs.
Performance
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Overview
Design, manufacture, service, and support commercial and military helicopters, sea and land-based missile defense systems, surface ships, radar systems, command and control mission solutions, sea and air-based mission and combat systems, cyber solutions, and simulation and training solutions. Major programs include Seahawk and Black Hawk helicopters, Littoral Combat Ship (LCS), Aegis Combat System, Black Hawk and Seahawk helicopters, CH-53K King Stallion heavy lift helicopters, VH-92A helicopters, Combat Rescue Helicopter (CRH), Multi-Mission Surface Combatant (MMSC), and the C2BMC program.
Performance
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Overview
Involved in the research, design, development, engineering, and production of satellites; strategic, advanced strike, and defensive systems; and space transportation systems. Major programs include Trident II D5 Fleet Ballistic Missile (FBM); Hypersonic program; Orion Multi-Purpose Crew Vehicle; Next Generation Overhead Persistent Infrared (Next Gen OPIR) system and Space Based Infrared System (SBIRS); and Global Positioning System (GPS) III.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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