Prime · United States

Lockheed Martin

HQ Bethesda, MarylandFounded 199510000+ employeesLMTUpdated Oct 21, 2026

Lockheed Martin develops, builds and sustains military aircraft, missile defenses, precision weapons, naval mission systems and spacecraft for the United States and allied governments.

AcquisitionsTerran Orbital
SubsidiariesLockheed Martin Global, Incorporated Lockheed Martin Integrated Systems Lockheed Martin Services Lockheed Martin VenturesSikorsky Terran Orbital

PrimeFieldedAir and missile defense Aircraft and aeronautics Command-and-control software Command, control and communications Counter-UAS +10 +7

Website LinkedIn X

Prime obligations

$900.92B

Since FY2008 · incl. subsidiaries

Prime awards

80,884

Every award since FY2008

About

Lockheed Martin develops, builds and sustains military aircraft, missile defenses, precision weapons, naval mission systems and spacecraft for the United States and allied governments. Its four business areas are Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Aeronautics includes Skunk Works and the fighter and airlift businesses; Rotary and Mission Systems includes Sikorsky helicopters, radar, command and control, training and undersea systems. The portfolio spans the F-35, F-22, C-130, HIMARS, PAC-3 MSE, THAAD and Aegis families, alongside strategic missiles and national-security spacecraft. Its role extends beyond manufacturing to integration, upgrades and long-term fleet sustainment. The corporate headquarters is in Bethesda, Maryland; individual business areas operate substantial engineering and manufacturing networks.

Guide · reviewed Oct 20, 2026

How should you judge the real value of Lockheed Martin's defense contracts?

Judge Lockheed Martin contracts by funded obligations, contract structure, performance period, production capacity and execution risk, not headline value. A ceiling, multiyear agreement or undefinitized action does not equal funded backlog or near-term revenue. The contract data above shows obligations from USAspending; this guide explains how to read ceilings, options, backlog and program risk.

Parent IDIQ ceilings should not be added to the task orders and modifications issued beneath them; that counts the same capacity twice.
Funded opportunity rests on current obligations, not a ceiling plus every possible option; appropriations delays and unexercised options change timing.
The July 29, 2026 PAC-3 MSE action was an undefinitized modification of up to $53.86 billion (announced ceiling), bringing the announced multiyear value to $58.62 billion; a ceiling is not obligated money.
An export approval or congressional notification is not a production award; track approval, award, obligation and delivery separately.

The guide's review date is separate from the contract data cutoff shown with the data.

News20

Open in the news feed →

Oct 24, 2026NewsFirst U.S. Navy Destroyer Enters Phase Two of DDG MOD 2.0 Modernization - Naval NewsNaval News Oct 22, 2026NewsPentagon, Lockheed agree to decade-long F-35 framework deal for hundreds of jets - Breaking DefenseBreaking Defense Oct 13, 2026NewsAvio, Lockheed sign agreement for solid rocket motor productionBreaking Defense Oct 13, 2026NewsAir Force Tests New Sentinel ICBM Reentry VehicleAir & Space Forces Magazine Oct 13, 2026NewsLockheed eyes fresh PAC-3 interceptor production options for Ukraine, EuropeDefense News

Programs39 programs

Programs39

Programs
Program	Role	Program status	Confidence
Advanced Extremely High Frequency (AEHF)	Prime	Fielded	Confirmed
Aegis	Prime	—	Confirmed
AGM-158C LRASM	Prime	Fielded	Confirmed
AGM-179 JAGM	Prime	Fielded	Confirmed
AN/TPQ-53 counterfire radar	Prime	Production	Confirmed
Army Next Generation Command and Control (NGC2)	Prime	Development
Army Tactical Missile System (ATACMS)	Prime	Fielded	Confirmed
B-2 Spirit	Prime	Fielded	Confirmed
C-130J Super Hercules	Prime	Production	Confirmed
CH-53K King Stallion	Prime	Production	Confirmed

Advanced Extremely High Frequency (AEHF)
Prime · Fielded
Confirmed
Aegis
Prime
Confirmed
AGM-158C LRASM
Prime · Fielded
Confirmed
AGM-179 JAGM
Prime · Fielded
Confirmed
AN/TPQ-53 counterfire radar
Prime · Production
Confirmed
Army Next Generation Command and Control (NGC2)
Prime · Development
Army Tactical Missile System (ATACMS)
Prime · Fielded
Confirmed
B-2 Spirit
Prime · Fielded
Confirmed
C-130J Super Hercules
Prime · Production
Confirmed
CH-53K King Stallion
Prime · Production
Confirmed

Programs
Program	Role	Program status	Confidence
Conventional Prompt Strike (CPS)	Prime	Development	Confirmed
E-2D Advanced Hawkeye	Prime	Production	Confirmed
F-16 Fighting Falcon	Prime	Fielded	Confirmed
F-22 Raptor	Prime	Fielded	Confirmed
F-35 Lightning II	Prime	Production	Confirmed
FIM-92 Stinger	Prime	Fielded	Confirmed
Guided Multiple Launch Rocket System (GMLRS)	Prime	Production	Confirmed
HELLFIRE Air-to-Ground Missile System	Prime	Fielded	Confirmed
Joint Air-to-Surface Standoff Missile (JASSM)	Prime	Production	Confirmed
Littoral Combat Ship (LCS)	Prime	Fielded	Confirmed
Long-Range Hypersonic Weapon (Dark Eagle)	Prime	Production	Confirmed
M142 HIMARS	Prime	Fielded	Confirmed
MH-60R Seahawk	Prime	Fielded	Confirmed
MH-60S Seahawk	Prime	Fielded	Confirmed
Mk 48 Heavyweight Torpedo	Prime	Production	Confirmed
Mobile User Objective System (MUOS)	Prime	Fielded	Confirmed
Next Generation Interceptor (NGI)	Prime	Development	Confirmed
Next-Generation OPIR GEO	Prime	Development	Confirmed
PAC-3 MSE	Prime	Production	Confirmed
Patriot	Prime	Fielded	Confirmed
Precision Strike Missile Increment 4	Competing bidder	Development	Confirmed
Precision Strike Missile (PrSM)	Prime	Production	Confirmed
Seawolf-class submarine	Prime	Fielded	Confirmed
Space Based Infrared System (SBIRS)	Prime	Fielded	Confirmed
Space-Based Interceptor (SBI)	Prime	Development
Standard Missile 2 (SM-2) Program	Prime	Fielded	Confirmed
Terminal High Altitude Area Defense (THAAD)	Prime	Fielded	Confirmed
Trident II D5 missile	Prime	Fielded	Confirmed
VH-92A Patriot presidential helicopter	Prime	Fielded	Confirmed

Conventional Prompt Strike (CPS)
Prime · Development
Confirmed
E-2D Advanced Hawkeye
Prime · Production
Confirmed
F-16 Fighting Falcon
Prime · Fielded
Confirmed
F-22 Raptor
Prime · Fielded
Confirmed
F-35 Lightning II
Prime · Production
Confirmed
FIM-92 Stinger
Prime · Fielded
Confirmed
Guided Multiple Launch Rocket System (GMLRS)
Prime · Production
Confirmed
HELLFIRE Air-to-Ground Missile System
Prime · Fielded
Confirmed
Joint Air-to-Surface Standoff Missile (JASSM)
Prime · Production
Confirmed
Littoral Combat Ship (LCS)
Prime · Fielded
Confirmed
Long-Range Hypersonic Weapon (Dark Eagle)
Prime · Production
Confirmed
M142 HIMARS
Prime · Fielded
Confirmed
MH-60R Seahawk
Prime · Fielded
Confirmed
MH-60S Seahawk
Prime · Fielded
Confirmed
Mk 48 Heavyweight Torpedo
Prime · Production
Confirmed
Mobile User Objective System (MUOS)
Prime · Fielded
Confirmed
Next Generation Interceptor (NGI)
Prime · Development
Confirmed
Next-Generation OPIR GEO
Prime · Development
Confirmed
PAC-3 MSE
Prime · Production
Confirmed
Patriot
Prime · Fielded
Confirmed
Precision Strike Missile Increment 4
Competing bidder · Development
Confirmed
Precision Strike Missile (PrSM)
Prime · Production
Confirmed
Seawolf-class submarine
Prime · Fielded
Confirmed
Space Based Infrared System (SBIRS)
Prime · Fielded
Confirmed
Space-Based Interceptor (SBI)
Prime · Development
Standard Missile 2 (SM-2) Program
Prime · Fielded
Confirmed
Terminal High Altitude Area Defense (THAAD)
Prime · Fielded
Confirmed
Trident II D5 missile
Prime · Fielded
Confirmed
VH-92A Patriot presidential helicopter
Prime · Fielded
Confirmed

Capabilities12

Capabilities
Technology	Role	Maturity	TRL	Notes	Confidence
Air and missile defense	Developer, Integrator	—	—	Publicly described capabilities; no product-wide maturity or TRL inferred.	Confirmed
Aircraft and aeronautics	Developer	—	—	—
Command-and-control software	Developer	—	—	—
Command, control and communications	Developer	—	—	Publicly described capabilities; no product-wide maturity or TRL inferred.	Confirmed
Counter-UAS	Developer	—	—	MORFIUS is a launched high-power microwave system designed to defeat drone threats, including groups of uncrewed aircraft. Lockheed describes a reusable flight profile and use of open command-and-control integration for counter-UAS missions.	Confirmed
Directed energy	Developer	—	—	HELIOS integrates a high-energy laser with an optical dazzler and surveillance capability on a naval combat system. Lockheed describes the laser as a precision, scalable system intended for shipboard defense and counter-UAS missions.	Confirmed
Interceptor terminal-guidance seekers	Developer	—	—	PAC-3 MSE is a hit-to-kill interceptor whose guidance and control system supports direct impact against tactical ballistic missiles, cruise missiles and aircraft. Its upgraded dual-pulse motor and control surfaces increase reach and maneuverability.	Confirmed
Propulsion	Developer	—	—	Lockheed describes air-breathing scramjet propulsion that uses incoming air to sustain hypersonic flight, alongside thermal-management and launch-acceleration requirements. Its technical explainer also discusses manufacturing constraints for sustained flight.	Confirmed
Quantum sensing	Developer	—	—	—	Estimated
Space-based kinetic interceptors	Developer	Development	—	—

Air and missile defense
Developer, Integrator
Publicly described capabilities; no product-wide maturity or TRL inferred.
—Confirmed
Aircraft and aeronautics
Developer
—
Command-and-control software
Developer
—
Command, control and communications
Developer
Publicly described capabilities; no product-wide maturity or TRL inferred.
—Confirmed
Counter-UAS
Developer
MORFIUS is a launched high-power microwave system designed to defeat drone threats, including groups of uncrewed aircraft. Lockheed describes a reusable flight profile and use of open command-and-control integration for counter-UAS missions.
—Confirmed
Directed energy
Developer
HELIOS integrates a high-energy laser with an optical dazzler and surveillance capability on a naval combat system. Lockheed describes the laser as a precision, scalable system intended for shipboard defense and counter-UAS missions.
—Confirmed
Interceptor terminal-guidance seekers
Developer
PAC-3 MSE is a hit-to-kill interceptor whose guidance and control system supports direct impact against tactical ballistic missiles, cruise missiles and aircraft. Its upgraded dual-pulse motor and control surfaces increase reach and maneuverability.
—Confirmed
Propulsion
Developer
Lockheed describes air-breathing scramjet propulsion that uses incoming air to sustain hypersonic flight, alongside thermal-management and launch-acceleration requirements. Its technical explainer also discusses manufacturing constraints for sustained flight.
—Confirmed
Quantum sensing
Developer
—Estimated
Space-based kinetic interceptors
Developer
Development

Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.

Federal Prime Contracts$900.92B obligated · FY2008–FY2027

Explore in Awards →

Including subsidiariesLockheed Martin only

Obligated: $900.92B; FY2008–FY2027
Contract actions: 314,085; 80,884 awards
Peak year: FY2020; $76.12B
Top buyer: U.S. Department of the Navy; 44% of obligations

Obligations by fiscal yearLast 5 full years avg $56.49BFaded: FY2026 so far; DoW publishes actions about 90 days late.

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Obligations by fiscal year
Fiscal year	Obligated	Actions	Awards
FY2026 (to date)	$49.66B	10,697	5,848
FY2025	$74.91B	14,948	7,356
FY2024	$50.41B	15,545	7,718
FY2023	$69.36B	16,458	8,016
FY2022	$46.59B	15,968	7,415
FY2021	$41.20B	16,293	7,469
FY2020	$76.12B	17,098	8,154
FY2019	$49.00B	16,628	8,346
FY2018	$40.46B	17,572	8,984
FY2017	$49.54B	16,963	8,043
FY2016	$42.68B	16,943	8,065
FY2015	$36.53B	16,074	7,096
FY2014	$32.60B	15,717	6,776
FY2013	$44.03B	17,282	7,178
FY2012	$39.69B	18,286	7,210
FY2011	$41.83B	19,775	7,241
FY2010	$36.81B	17,802	6,848
FY2009	$39.64B	16,952	6,835
FY2008	$39.87B	17,081	6,752

Top buyers

U.S. Department of the Navy$394.23B 44%
U.S. Department of the Air Force$208.94B 23%
U.S. Department of the Army$155.67B 17%
Missile Defense Agency$49.51B 5.5%
NASA$23.89B 2.7%
U.S. Department of Energy$23.19B 2.6%
U.S. Special Operations Command$11.66B 1.3%
Defense Logistics Agency$9.32B 1.0%
Federal Aviation Administration$4.29B 0.5%
Defense Advanced Research Projects Agency$3.38B 0.4%
Federal Acquisition Service$1.81B 0.2%
Federal Bureau of Investigation$1.25B 0.1%
All other$13.78B 1.5%

Defense programs

F-35 Lightning II$231.28B 26%
MDA SUPPORT$40.50B 4.5%
C-130J Super Hercules$34.59B 3.8%
PAC-3 MSE$30.00B 3.3%
Trident II D5 missile$27.75B 3.1%
F-22 Raptor$18.56B 2.1%
Joint Air-to-Surface Standoff Missile (JASSM)$17.85B 2.0%
Guided Multiple Launch Rocket System (GMLRS)$15.66B 1.7%
CH-53K King Stallion$11.14B 1.2%
Littoral Combat Ship (LCS)$11.11B 1.2%
Space Based Infrared System (SBIRS)$9.72B 1.1%
Aegis$6.88B 0.8%
PAC-3 MSE$6.48B 0.7%
HH-60W Jolly Green II$6.03B 0.7%
Patriot$5.50B 0.6%
All other$58.90B 6.5%

Only actions coded to a DoW acquisition program.

What they sell (PSC)

Aircraft, Fixed Wing$279.66B 31%
Guided Missiles$83.36B 9.3%
Aircraft, Rotary Wing$63.39B 7.0%
National Defense R&D SVCS; Department of Defense - Military; R&D Facilities & Maj Equip$31.25B 3.5%
Guided Missile Components$28.20B 3.1%
Oper of Govt R&D Goco Facilities$23.08B 2.6%
Maint/Repair/Rebuild of Equipment- Aircraft Components and Accessories$21.13B 2.3%
Guided Missile Systems, Complete$18.14B 2.0%
Radar Equipment, Except Airborne$16.92B 1.9%
Support- Professional: Engineering/Technical$16.07B 1.8%
Miscellaneous Aircraft Accessories and Components$15.80B 1.8%
R&D- Space: Flight (Advanced Development)$14.85B 1.6%
Support- Management: Logistics Support$14.22B 1.6%
National Defense R&D Services; Atomic Energy Defense Activities; R&D Administrative Expenses$13.89B 1.5%
National Defense R&D Services; Department of Defense - Military; Experimental Development$13.39B 1.5%
All other$247.57B 27%

Industry (NAICS)

Aircraft Manufacturing$403.48B 45%
Guided Missile and Space Vehicle Manufacturing$154.59B 17%
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing$47.23B 5.2%
Other Aircraft Parts and Auxiliary Equipment Manufacturing$36.45B 4.0%
Engineering Services$34.78B 3.9%
Research and Development in the Physical, Engineering, and Life Sciences (Except Nanotechnology and Biotechnology)$33.67B 3.7%
Research and Development in the Physical, Engineering, and Life Sciences$32.41B 3.6%
Facilities Support Services$24.13B 2.7%
Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing$18.91B 2.1%
Ship Building and Repairing$11.78B 1.3%
All other$103.22B 11%

Where the work is done

Texas$400.32B 44%
Florida$73.64B 8.2%
Connecticut$72.34B 8.0%
California$69.94B 7.8%
Georgia$48.35B 5.4%
Colorado$47.98B 5.3%
New Jersey$36.80B 4.1%
New York$36.18B 4.0%
Maryland$26.31B 2.9%
Virginia$25.01B 2.8%
New Mexico$23.22B 2.6%
Kentucky$10.22B 1.1%
Alabama$9.63B 1.1%
Pennsylvania$5.52B 0.6%
Outside the US$2.61B 0.3%
All other$12.84B 1.4%

Contract pricing

Firm Fixed Price$276.65B 31%
Fixed Price Incentive$269.34B 30%
Cost Plus Incentive Fee$127.43B 14%
Cost Plus Fixed Fee$112.45B 12%
Cost Plus Award Fee$89.41B 9.9%
Time and Materials$12.26B 1.4%
Cost No Fee$9.48B 1.1%
Labor Hours$1.08B 0.1%
All other$2.73B 0.3%

Competition

Not Competed$655.33B 73%
Full and Open Competition$184.67B 20%
Not Available for Competition$41.25B 4.6%
Full and Open Competition After Exclusion of Sources$13.98B 1.6%
Competitive Delivery Order$1.99B 0.2%
Non-Competitive Delivery Order$1.29B 0.1%
Not Competed Under SAP$1.19B 0.1%
Competed Under SAP$418M 0.0%
All other$159M 0.0%

Obligated: $791.76B; FY2008–FY2027
Contract actions: 221,913; 37,830 awards
Peak year: FY2020; $71.41B
Top buyer: U.S. Department of the Navy; 46% of obligations

Obligations by fiscal yearLast 5 full years avg $51.49BFaded: FY2026 so far; DoW publishes actions about 90 days late.

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Obligations by fiscal year
Fiscal year	Obligated	Actions	Awards
FY2026 (to date)	$46.46B	7,531	3,295
FY2025	$69.82B	10,742	4,092
FY2024	$45.43B	11,062	4,195
FY2023	$63.58B	11,664	4,410
FY2022	$42.77B	11,731	4,246
FY2021	$35.87B	12,125	4,390
FY2020	$71.41B	12,638	4,714
FY2019	$43.31B	12,524	5,098
FY2018	$37.12B	13,218	5,712
FY2017	$45.10B	13,519	5,645
FY2016	$36.72B	13,142	5,502
FY2015	$32.17B	12,885	5,204
FY2014	$27.98B	12,425	4,933
FY2013	$38.76B	12,480	4,554
FY2012	$31.61B	12,729	4,358
FY2011	$34.13B	12,906	3,918
FY2010	$28.40B	10,811	3,495
FY2009	$31.53B	9,224	3,034
FY2008	$29.59B	8,554	2,474

Top buyers

U.S. Department of the Navy$363.96B 46%
U.S. Department of the Air Force$195.44B 25%
U.S. Department of the Army$113.72B 14%
Missile Defense Agency$49.38B 6.2%
U.S. Department of Energy$23.18B 2.9%
NASA$22.76B 2.9%
U.S. Special Operations Command$11.64B 1.5%
Defense Logistics Agency$3.63B 0.5%
Defense Advanced Research Projects Agency$3.33B 0.4%
Defense Microelectronics Activity$1.15B 0.1%
Federal Acquisition Service$899M 0.1%
U.S. Social Security Administration$635M 0.1%
All other$2.05B 0.3%

Defense programs

F-35 Lightning II$231.28B 29%
MDA SUPPORT$40.17B 5.1%
C-130J Super Hercules$34.57B 4.4%
PAC-3 MSE$30.00B 3.8%
Trident II D5 missile$27.75B 3.5%
F-22 Raptor$18.56B 2.3%
Joint Air-to-Surface Standoff Missile (JASSM)$17.84B 2.3%
Guided Multiple Launch Rocket System (GMLRS)$15.66B 2.0%
Littoral Combat Ship (LCS)$11.11B 1.4%
Space Based Infrared System (SBIRS)$9.72B 1.2%
Aegis$6.88B 0.9%
PAC-3 MSE$6.31B 0.8%
Patriot$5.45B 0.7%
C-5M Super Galaxy$5.23B 0.7%
Navstar Global Positioning System (GPS)$4.74B 0.6%
All other$44.67B 5.6%

Only actions coded to a DoW acquisition program.

What they sell (PSC)

Aircraft, Fixed Wing$279.38B 35%
Guided Missiles$83.28B 11%
Guided Missile Components$28.19B 3.6%
National Defense R&D SVCS; Department of Defense - Military; R&D Facilities & Maj Equip$25.62B 3.2%
Oper of Govt R&D Goco Facilities$23.07B 2.9%
Maint/Repair/Rebuild of Equipment- Aircraft Components and Accessories$20.76B 2.6%
Guided Missile Systems, Complete$18.14B 2.3%
Radar Equipment, Except Airborne$16.76B 2.1%
R&D- Space: Flight (Advanced Development)$14.85B 1.9%
Miscellaneous Aircraft Accessories and Components$14.19B 1.8%
National Defense R&D Services; Atomic Energy Defense Activities; R&D Administrative Expenses$13.89B 1.8%
Support- Professional: Engineering/Technical$13.44B 1.7%
National Defense R&D Services; Department of Defense - Military; Experimental Development$13.33B 1.7%
Launchers, Guided Missile$13.08B 1.7%
Support- Management: Logistics Support$13.03B 1.6%
All other$200.73B 25%

Industry (NAICS)

Aircraft Manufacturing$339.65B 43%
Guided Missile and Space Vehicle Manufacturing$154.40B 20%
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing$46.03B 5.8%
Research and Development in the Physical, Engineering, and Life Sciences (Except Nanotechnology and Biotechnology)$33.38B 4.2%
Research and Development in the Physical, Engineering, and Life Sciences$30.79B 3.9%
Engineering Services$30.31B 3.8%
Other Aircraft Parts and Auxiliary Equipment Manufacturing$28.27B 3.6%
Facilities Support Services$23.17B 2.9%
Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing$18.67B 2.4%
Ship Building and Repairing$11.78B 1.5%
All other$75.29B 9.5%

Where the work is done

Texas$399.23B 50%
Florida$71.98B 9.1%
California$64.87B 8.2%
Colorado$46.56B 5.9%
Georgia$46.54B 5.9%
New York$35.08B 4.4%
New Jersey$34.60B 4.4%
New Mexico$23.22B 2.9%
Virginia$21.98B 2.8%
Maryland$16.09B 2.0%
Kentucky$10.11B 1.3%
Alabama$9.36B 1.2%
Pennsylvania$4.90B 0.6%
Connecticut$1.53B 0.2%
Ohio$1.26B 0.2%
All other$4.47B 0.6%

Contract pricing

Fixed Price Incentive$265.51B 34%
Firm Fixed Price$197.73B 25%
Cost Plus Incentive Fee$122.63B 15%
Cost Plus Fixed Fee$101.27B 13%
Cost Plus Award Fee$86.04B 11%
Time and Materials$8.88B 1.1%
Cost No Fee$7.78B 1.0%
Fixed Price with Economic Price Adjustment$666M 0.1%
All other$1.26B 0.2%

Competition

Not Competed$588.44B 74%
Full and Open Competition$148.27B 19%
Not Available for Competition$40.05B 5.1%
Full and Open Competition After Exclusion of Sources$13.78B 1.7%
Not Competed Under SAP$544M 0.1%
Competitive Delivery Order$270M 0.0%
Non-Competitive Delivery Order$256M 0.0%
Competed Under SAP$112M 0.0%
All other$39.6M 0.0%

Largest awards10

LRIP Lot 12 Advance Acquisition ContractApr 28, 2017 · U.S. Department of the Navy · F-35 Lightning II · USAspending ↗
$35.14B
The Purpose of This Modification Is to Award F-35A LRIP 15 USAF Aircraft* Long Lead FundingNov 26, 2019 · U.S. Department of the Navy · F-35 Lightning II · USAspending ↗
$30.15B
The Purpose of This Contract Is to Award Long Lead Funding for F-35A, F-35B, and F-35C Aircraft for U.S. Services, Non-dod Partners, and FMS CustomersDec 23, 2022 · U.S. Department of the Navy · F-35 Lightning II · USAspending ↗
$24.59B
Manage and Operate the Government-owned Sandia National LaboratoriesOct 9, 2007 · U.S. Department of Energy · USAspending ↗
$23.07B
Definitive Contract N0001902C3002Oct 18, 2007 · U.S. Department of the Navy · USAspending ↗
$17.38B
TAS::80 0124::TAS Design, Development, Test&evaluation of Project OrionDec 21, 2007 · NASA · USAspending ↗
$14.80B
LRIP 11 AACDec 22, 2015 · U.S. Department of the Navy · F-35 Lightning II · USAspending ↗
$12.27B
Multi Service, 5 Yr, Multi-yr Contract for H-60 Helicopters. FY2012 FY2016 Production Contract for Army/navy/fms UH/HH/MH-60 Helicopters to Include Procurement of Up to 916 Each Aircraft and Related Support, Services, Systems/project Management, Publications, and Technical Data. FMS Countries Include Saudi Arabian National Guard (Sang), Taiwan, Thailand and Royal Australian Navy (Ran).Jun 6, 2012 · Sikorsky · U.S. Department of the Army · USAspending ↗
$11.60B
LRIP 10 AACJun 4, 2015 · U.S. Department of the Navy · F-35 Lightning II · USAspending ↗
$10.55B
The Contract Award Is for the FY21/FY22/FY23 Base and Option Pricing for Phase Array Tracking Radar to Intercept on Target (Patriot) Advanced CAPABILITY-3 (PAC-3) Production Requirements for the United States (US) and Foreign Military Sales (FMS)Apr 30, 2020 · U.S. Department of the Army · PAC-3 MSE · USAspending ↗
$10.48B

Largest awards
Awarded	Award	Obligated	Ceiling
Apr 28, 2017	LRIP Lot 12 Advance Acquisition ContractU.S. Department of the Navy · F-35 Lightning II · USAspending ↗	$35.14B	$45.26B
Nov 26, 2019	The Purpose of This Modification Is to Award F-35A LRIP 15 USAF Aircraft* Long Lead FundingU.S. Department of the Navy · F-35 Lightning II · USAspending ↗	$30.15B	$30.40B
Dec 23, 2022	The Purpose of This Contract Is to Award Long Lead Funding for F-35A, F-35B, and F-35C Aircraft for U.S. Services, Non-dod Partners, and FMS CustomersU.S. Department of the Navy · F-35 Lightning II · USAspending ↗	$24.59B	$24.84B
Oct 9, 2007	Manage and Operate the Government-owned Sandia National LaboratoriesU.S. Department of Energy · USAspending ↗	$23.07B	$48.20B
Oct 18, 2007	Definitive Contract N0001902C3002U.S. Department of the Navy · USAspending ↗	$17.38B	$29.49B
Dec 21, 2007	TAS::80 0124::TAS Design, Development, Test&evaluation of Project OrionNASA · USAspending ↗	$14.80B	$16.19B
Dec 22, 2015	LRIP 11 AACU.S. Department of the Navy · F-35 Lightning II · USAspending ↗	$12.27B	$12.35B
Jun 6, 2012	Multi Service, 5 Yr, Multi-yr Contract for H-60 Helicopters. FY2012 FY2016 Production Contract for Army/navy/fms UH/HH/MH-60 Helicopters to Include Procurement of Up to 916 Each Aircraft and Related Support, Services, Systems/project Management, Publications, and Technical Data. FMS Countries Include Saudi Arabian National Guard (Sang), Taiwan, Thailand and Royal Australian Navy (Ran).Sikorsky · U.S. Department of the Army · USAspending ↗	$11.60B	$9.98B*
Jun 4, 2015	LRIP 10 AACU.S. Department of the Navy · F-35 Lightning II · USAspending ↗	$10.55B	$9.51B*
Apr 30, 2020	The Contract Award Is for the FY21/FY22/FY23 Base and Option Pricing for Phase Array Tracking Radar to Intercept on Target (Patriot) Advanced CAPABILITY-3 (PAC-3) Production Requirements for the United States (US) and Foreign Military Sales (FMS)U.S. Department of the Army · PAC-3 MSE · USAspending ↗	$10.48B	$6.76B*

Awards marked “Outside DoW, DHS, DOE and NASA” come from the contractor-first USAspending search of this company's awards at every agency and are not in sector totals. Awards of DoW, DHS, DOE and NASA under $10,000 net are counted in totals but not listed; find them on USAspending ↗.

Signed obligations on federal prime contracts (award types A–D) from USAspending, FY2008 through Oct 9, 2026. Obligations are money the government committed, not company revenue, and include de-obligations. Subcontracts and grants are excluded. Matching is by registered UEI. “Including subsidiaries” adds our listed subsidiaries (from their acquisition date, where known) and actions whose reported parent is this company.

Joint ventures

Counted separately: their awards are not included in Lockheed Martin's totals above.

Raytheon/Lockheed Martin Javelin Joint Venture · $9.02B obligated · 57 awards
Longbow LLC · $2.55B obligated · 62 awards
Boeing Sikorsky Aircraft Support · $1.99B obligated · 132 awards

View all 80,884 awards →

Federal Obligations by Year (All USAspending, as Reported at the Time)

Lockheed Martin federal obligations by fiscal year
Fiscal year	Direct: assistance	Direct: contracts	Reviewed ownership: assistance	Reviewed ownership: contracts	Reported by USAspending: assistance	Reported by USAspending: contracts	Joint-venture share (equal split among reviewed partners): contracts	Total
FY2027 (partial)	—	$0	—	—	—	—	—	$0
FY2026 (partial)	$1.6M	$46.90B	$1.7M	$3.01B	—	$150M	$91.8M	$50.15B
FY2025	$1.9M	$70.54B	$11.3M	$4.83B	—	$211M	$673M	$76.26B
FY2024	$2.4M	$45.96B	$9.3M	$4.82B	—	$223M	$699M	$51.71B
FY2023	$2.3M	$64.27B	$6.1M	$5.38B	—	$270M	$893M	$70.81B
FY2022	$2.0M	$43.34B	$5.0M	$3.47B	—	$325M	$449M	$47.59B
FY2021	$2.3M	$36.34B	$12.5M	$4.98B	—	$280M	$210M	$41.82B
FY2020	$2.2M	$71.51B	$8.1M	$4.32B	—	$369M	$393M	$76.60B
FY2019	$3.2M	$43.47B	$20.3M	$5.27B	—	$372M	$292M	$49.43B
FY2018	$2.2M	$37.29B	$30.0M	$2.96B	—	$280M	$480M	$41.04B
FY2017	$1.2M	$44.00B	$25.1M	$5.54B	—	$242M	$229M	$50.04B
FY2016	$2.5M	$34.23B	$15.7M	$8.03B	—	$377M	$302M	$42.97B
FY2015	$1.6M	$29.49B	—	$4.11B	−$2K	$343M	$288M	$34.24B
FY2014	$3.0M	$25.30B	—	$4.20B	—	$408M	$232M	$30.15B
FY2013	$2.6M	$36.26B	−$6K	$4.97B	—	$567M	$213M	$42.02B
FY2012	$3.5M	$28.83B	−$2K	$5.89B	—	$478M	$291M	$35.49B
FY2011	$4.1M	$31.55B	−$4K	$5.93B	$350K	$513M	$239M	$38.24B
FY2010	$5.1M	$25.75B	$0	$5.87B	$350K	$617M	$392M	$32.62B
FY2009	$7.3M	$29.02B	—	$5.50B	$350K	$946M	$171M	$35.65B
FY2008	$46.0M	$26.98B	—	$4.65B	$383K	$1.38B	$288M	$33.35B

Direct is the company's own reviewed UEIs. Reported by USAspending is subsidiaries as reported by USAspending: recipients that name this company as their parent, not yet reviewed ownership. Reviewed ownership follows dated reviewed ownership links. Joint-venture share, split equally among partners (simplification) is each joint venture's obligations divided equally among its reviewed partners, not their actual shares; it is included in the total, and the venture's own page shows the full amount.

Directly matched recipients (up to 12)

UEIs matched to this organization, largest obligations first. Subsidiary recipients are not included in this list; their attributed obligations can appear in the company totals above.

LOCKHEED MARTIN CORPORATION · G4KDGE4JFFK7 · $312.21B
LOCKHEED MARTIN CORPORATION · XFJMYSYFJEK4 · $97.35B
LOCKHEED MARTIN CORP · CQWLW9XRQTH5 · $51.05B
LOCKHEED MARTIN CORP · SJDEB3MKJEW5 · $45.15B
LOCKHEED MARTIN CORPORATION · H7PNSVNN5827 · $44.66B
LOCKHEED MARTIN CORP · FYHNA5WC8XD7 · $40.02B
LOCKHEED MARTIN CORPORATION · CWM4UN76ZQW8 · $33.44B
LOCKHEED MARTIN CORPORATION · HJP4JZG1FUL9 · $20.54B
LOCKHEED MARTIN CORPORATION · MJENSFHZJP11 · $14.74B
LOCKHEED MARTIN CORPORATION · H11HD5VHGHN3 · $13.23B
LOCKHEED MARTIN CORPORATION · JKVWEPKJRR65 · $11.18B
LOCKHEED MARTIN CORPORATION · KMEVRAKJVBD3 · $11.14B

Each action is credited by the ownership basis shown in its column. Reported-parent rows count for Lockheed Martin only for the period a subsidiary reported Lockheed Martin as its parent; reviewed links follow their reviewed dates. Net of de-obligations; these are obligations, not ceilings. They come from the whole USAspending baseline (every recipient size, contracts and assistance) and are a separate view from the curated contract totals on this page. FY2026 and later are partial, as on Markets.

Systems42

GRIZZLYLockheed Martin Hellfire launcher concealed in a 10-foot shipping container.
Prototype
—
NomadSikorsky family of scalable rotor-blown-wing VTOL drones.
Development
—
Vectis Lockheed Martin Skunk Works Group 5 stealthy collaborative combat aircraft.
Development
—
F-35C Lightning IICarrier-based variant of the F-35 stealth multirole fighter.
Fielded
F-35 Lightning II →
AGM-158C LRASMAir-launched long-range anti-ship missile.
Fielded
AGM-158C LRASM →
F-35 Lightning II Family of stealth multirole fighters in conventional, short-takeoff and carrier variants.
Fielded
F-35 Lightning II →

Systems
System	Type	Maturity	Program
GRIZZLYLockheed Martin Hellfire launcher concealed in a 10-foot shipping container.	Other	Prototype	—
NomadSikorsky family of scalable rotor-blown-wing VTOL drones.	Uncrewed aircraft	Development	—
Vectis Lockheed Martin Skunk Works Group 5 stealthy collaborative combat aircraft.	Uncrewed aircraft	Development	—
F-35C Lightning IICarrier-based variant of the F-35 stealth multirole fighter.	Aircraft	Fielded	F-35 Lightning II →
AGM-158C LRASMAir-launched long-range anti-ship missile.	Missile	Fielded	AGM-158C LRASM →
F-35 Lightning II Family of stealth multirole fighters in conventional, short-takeoff and carrier variants.	Aircraft	Fielded	F-35 Lightning II →

View all 42 systems →

Newest unveiled first. Systems that belong to a government program link to the program page, where variants, costs and contracts are.

Supply Chain4 suppliers · 14 facilities

Suppliers4

Suppliers
Supplier	Supplies	Notes	Confidence
Boeing	PAC-3 MSE seeker	October 2026 undefinitized subcontract, approximately $14.7 billion under a seven-year production framework. Private supplier contract; not a direct government award or obligated funds.	Confirmed
L3Harris Aerojet Rocketdyne	Solid rocket motors	GMLRS Insensitive Munition propulsion units; follow-on contract up to $200M.	Confirmed
L3Harris Technologies	Terminal High Altitude Area Defense (THAAD)	THAAD Solid Rocket Boost Motors and Liquid Divert and Attitude Control Systems.	Reported
X-Bow Systems	Solid rocket motors	Strategic agreement to qualify X-Bow as an independent SRM supplier.	Confirmed

Boeing
Supplies PAC-3 MSE seeker
October 2026 undefinitized subcontract, approximately $14.7 billion under a seven-year production framework. Private supplier contract; not a direct government award or obligated funds.
Confirmed
L3Harris Aerojet Rocketdyne
Supplies Solid rocket motors
GMLRS Insensitive Munition propulsion units; follow-on contract up to $200M.
Confirmed
L3Harris Technologies
Supplies Terminal High Altitude Area Defense (THAAD)
THAAD Solid Rocket Boost Motors and Liquid Divert and Attitude Control Systems.
X-Bow Systems
Supplies Solid rocket motors
Strategic agreement to qualify X-Bow as an independent SRM supplier.
Confirmed

Facilities14

Drag to pan · pinch or ⌘-scroll to zoom

Facilities (13)1 more without coordinates, listed below

Facilities
Facility	Kind	Location	Work	Status	Confidence
Corporate headquarters	Headquarters	Bethesda, Maryland	—	Operating	Confirmed
Fort Worth Aeronautics headquarters	Headquarters	Fort Worth, Texas	F-35 final assembly and production on a one-mile manufacturing line. Source ↗	Operating	Confirmed
Camden Missiles and Fire Control Operations	Factory	Camden, Arkansas	Manufacturing, final assembly, testing and storage for Missiles and Fire Control programs. Source ↗	Operating	Confirmed
Grand Prairie operations	Office	Grand Prairie, Texas	—	Operating	Confirmed
Greenville F-16 production and sustainment site	Factory	Greenville, South Carolina	F-16 production and aircraft modification, maintenance, repair and overhaul. Source ↗	Operating	Confirmed
Huntsville operations	Office	Huntsville, Alabama	—	Operating	Confirmed
King of Prussia operations	Office	King of Prussia, Pennsylvania	—	Operating	Confirmed
Lockheed Martin Sunnyvale Space campus	Factory	Sunnyvale, California	—	Operating	Confirmed
Lockheed Martin Troy Building 47	Factory	Troy, Alabama	—	Under construction	Reported
Lufkin operations	Office	Lufkin, Texas	—	Operating	Confirmed

Corporate headquarters
Headquarters · Bethesda, Maryland
Operating
Confirmed
Fort Worth Aeronautics headquarters
Headquarters · Fort Worth, Texas
Operating
F-35 final assembly and production on a one-mile manufacturing line. Source ↗
Confirmed
Camden Missiles and Fire Control Operations
Factory · Camden, Arkansas
Operating
Manufacturing, final assembly, testing and storage for Missiles and Fire Control programs. Source ↗
Confirmed
Grand Prairie operations
Office · Grand Prairie, Texas
Operating
Confirmed
Greenville F-16 production and sustainment site
Factory · Greenville, South Carolina
Operating
F-16 production and aircraft modification, maintenance, repair and overhaul. Source ↗
Confirmed
Huntsville operations
Office · Huntsville, Alabama
Operating
Confirmed
King of Prussia operations
Office · King of Prussia, Pennsylvania
Operating
Confirmed
Lockheed Martin Sunnyvale Space campus
Factory · Sunnyvale, California
Operating
Confirmed
Lockheed Martin Troy Building 47
Factory · Troy, Alabama
Under construction
Reported
Lufkin operations
Office · Lufkin, Texas
Operating
Confirmed

Facilities
Facility	Kind	Location	Work	Status	Confidence
Marietta operations	Office	Marietta, Georgia	Builds C-130 aircraft and F-35 center-wing assemblies; home base for Air, Mobility and Maritime Missions programs. Source ↗	Operating	Confirmed
Missile Assembly Building 5 (MAB-5)	Factory	Courtland, Alabama	Opened in June 2026 to produce the Next Generation Interceptor for the Missile Defense Agency. Source ↗	Operating	Confirmed
Palmdale Skunk Works development site	Lab	Palmdale, California	Skunk Works aircraft development; company identifies the Antelope Valley site as the birthplace of notable aircraft programs. Source ↗	Operating	Confirmed
Sikorsky Stratford helicopter manufacturing facility	Factory	Stratford, Connecticut	—	Operating	Confirmed

Marietta operations
Office · Marietta, Georgia
Operating
Builds C-130 aircraft and F-35 center-wing assemblies; home base for Air, Mobility and Maritime Missions programs. Source ↗
Confirmed
Missile Assembly Building 5 (MAB-5)
Factory · Courtland, Alabama
Operating
Opened in June 2026 to produce the Next Generation Interceptor for the Missile Defense Agency. Source ↗
Confirmed
Palmdale Skunk Works development site
Lab · Palmdale, California
Operating
Skunk Works aircraft development; company identifies the Antelope Valley site as the birthplace of notable aircraft programs. Source ↗
Confirmed
Sikorsky Stratford helicopter manufacturing facility
Factory · Stratford, Connecticut
Operating
Confirmed

Portfolio7 companies · 4 leads

Portfolio
Company	Stage	Role	Announced	Round size
Fortem Technologies	Series B	Lead	Sep 30, 2026	$50.0M
HavocAI	Series A	Participant	May 12, 2026	$100M
SatVu	Series B	Participant	Feb 17, 2026	$40.8M
Saildrone	Strategic	Lead	Oct 29, 2025	$50.0M
HavocAI	Undisclosed	Participant	Oct 10, 2025	$85.0M
X-Bow Systems	Series B	Lead	May 12, 2025	$35.0M
ANELLO Photonics	Series B	Lead	Nov 18, 2024	Undisclosed
SatVu	Series A	Participant	May 24, 2023	$15.9M
Terran Orbital	SPAC	Participant	Mar 25, 2022	$80.2M
SatVu	Series A	Participant	Mar 1, 2022	Undisclosed

Fortem Technologies
Series B · Led the round
$50.0M
Sep 30, 2026
HavocAI
Series A · Participant
$100M
May 12, 2026
SatVu
Series B · Participant
$40.8M
Feb 17, 2026
Saildrone
Strategic · Led the round
$50.0M
Oct 29, 2025
HavocAI
Undisclosed · Participant
$85.0M
Oct 10, 2025
X-Bow Systems
Series B · Led the round
$35.0M
May 12, 2025
ANELLO Photonics
Series B · Led the round
Undisclosed
Nov 18, 2024
SatVu
Series A · Participant
$15.9M
May 24, 2023
Terran Orbital
SPAC · Participant
$80.2M
Mar 25, 2022
SatVu
Series A · Participant
Undisclosed
Mar 1, 2022

One row per round this investor joined. Round size is the whole round, not this investor's share.

People2

All 2 people →

People
Person	Role
Jim Taiclet	Chairman, President and CEO
OJ Sanchez	vice president and general manager, Skunk Works

Hiring Observations10 observed listings

View all 50 listings →

Official careers and open roles ↗

A/AI Machine Learning Engineering - Early Career ↗
Littleton, CO · Full-time · Engineering
Checked Oct 24, 2026
A/AI Machine Learning Engineering Asc - E1 ↗
Littleton, CO · Full-time · Engineering
Checked Oct 24, 2026
A/AI Machine Learning Engineering Asc - Early Career ↗
Sunnyvale, CA · Full-time · Engineering
Checked Oct 24, 2026
Associate AI/ML Engineer ↗
Cherry Hill, VA · Full-time · Engineering
Checked Oct 24, 2026
Cyber Testing Exploitation Analyst Asc - E1 ↗
Fort Worth, TX · Full-time · Other
Checked Oct 24, 2026
Data Analyst Sr - E3 ↗
Fort Worth, TX · Full-time · Other
Checked Oct 24, 2026
Dev Sec Engineering Sr - Level 3 (Top Secret) ↗
King of Prussia, PA · Full-time · Engineering
Checked Oct 24, 2026
Electrical Engineer ↗
Moorestown, NJ · Full-time · Engineering
Checked Oct 24, 2026
Electrical Engineer Asc - Level 1 - Programmable Logic / FPGA Design ↗
Andover, MA · Full-time · Engineering
Checked Oct 24, 2026
Guidance/Navigation/Control Engineering Asc - Early Career ↗
Huntsville, AL · Full-time · Engineering
Checked Oct 24, 2026

Hiring observations
Role	Location	Type	Category	Checked
A/AI Machine Learning Engineering - Early Career ↗	Littleton, CO	Full-time	Engineering	Oct 24, 2026
A/AI Machine Learning Engineering Asc - E1 ↗	Littleton, CO	Full-time	Engineering	Oct 24, 2026
A/AI Machine Learning Engineering Asc - Early Career ↗	Sunnyvale, CA	Full-time	Engineering	Oct 24, 2026
Associate AI/ML Engineer ↗	Cherry Hill, VA	Full-time	Engineering	Oct 24, 2026
Cyber Testing Exploitation Analyst Asc - E1 ↗	Fort Worth, TX	Full-time	Other	Oct 24, 2026
Data Analyst Sr - E3 ↗	Fort Worth, TX	Full-time	Other	Oct 24, 2026
Dev Sec Engineering Sr - Level 3 (Top Secret) ↗	King of Prussia, PA	Full-time	Engineering	Oct 24, 2026
Electrical Engineer ↗	Moorestown, NJ	Full-time	Engineering	Oct 24, 2026
Electrical Engineer Asc - Level 1 - Programmable Logic / FPGA Design ↗	Andover, MA	Full-time	Engineering	Oct 24, 2026
Guidance/Navigation/Control Engineering Asc - Early Career ↗	Huntsville, AL	Full-time	Engineering	Oct 24, 2026

A dated sample of listings observed on company career sites and LinkedIn (via Bright Data), not a vacancy count. Availability may have changed since collection; each listing links to its source, and listings not observed in the last 90 days move to previously observed. Categories are inferred from job titles.

How to Read Lockheed Martin Contract Value

Illustration: AI-generated image by SeoSorted for defdex.io; an illustration, not a photograph.

The contract data above shows obligations, buyers, programs and the largest awards from USAspending. This guide explains how to interpret them. A credible view separates new awards, modifications, task orders, exercised options, undefinitized actions and negotiated agreements. Adding them together without checking how they relate produces false totals and weak business-development signals.

When you compare actions, sort by date, customer, program, business segment, announced value, obligation and completion date, and keep the awarding office and contract identifier. The contracting office can point to follow-on notices, options, modifications and recompete schedules. DefDex award records carry those fields.

Two recent PAC-3 MSE examples

Date	Customer	Action	Value and label	Key qualification
September 2025	U.S. Army	PAC-3 MSE multiyear procurement	$9.8 billion, announced contract value	Covered 1,970 interceptors and associated hardware for U.S. and allied requirements across fiscal years 2024 through 2026; obligations and delivery timing require award-record review
July 29, 2026	U.S. Army (Department of War)	Seven-year undefinitized contract action (modification) for PAC-3 MSE multiyear production	Up to $53.86 billion, announced ceiling; with the $4.7 billion year-one action of April 2026, $58.62 billion total announced multiyear value	Lockheed Martin's release gives both figures; an undefinitized action's ceiling is not obligation, and obligations appear only as they post to USAspending; final terms remain subject to definitization

Neither figure establishes annual revenue, initial obligations, delivery acceptance or profit margin. The September 2025 agreement was reported as the largest in the history of Lockheed Martin's Missiles and Fire Control unit. Treat the July 2026 number as a ceiling, not spending, and check the award record for obligations as they appear.

What a contract table should show

Awarding agency, office and contract identifier
Contract and action type
Initial and cumulative obligations
Quantities, options and completion date
Performance locations
Funded, contingent, ceiling-only or undefinitized status
Links to primary records

Our guide to turning Federal Procurement Data System records into defense market intelligence explains why raw procurement data needs normalization before comparison.

Current awards versus legacy program value

Lifetime program estimates may include decades of production, modernization, sustainment and expected foreign demand. They are not equivalent to funded procurement actions. Parent IDIQ ceilings also should not be added to every task order or modification issued beneath them, because that counts the same contractual capacity more than once.

Contract Value Is Not Cash: Ceiling, Obligations and Backlog

"Contract value" can mean a maximum ceiling, a negotiated amount, a funded order, potential options or cumulative value after modifications. Each has different revenue implications.

Initial obligation: funding committed with the action.
Cumulative obligation: total funding committed to date.
Ceiling: maximum ordering capacity, not guaranteed spending.
Funded backlog: contracted work supported by appropriated funds.
Options: potential work that requires later exercise and funding.
Remaining performance obligations: contracted work not yet recognized, subject to accounting treatment and execution.

The core rule: funded opportunity today is based on current obligations, not a ceiling plus every possible option. Appropriations delays, incremental funding and unexercised options can change timing or reduce expected work.

Common contract types

Firm-fixed-price: the contractor carries more cost-overrun risk.
Cost-plus: the government reimburses allowable costs, usually with a fee.
IDIQ: the vehicle establishes ordering capacity; funded task orders create work.
OTA: an alternative mechanism often used for prototypes and some follow-on production.
Multiyear procurement: a structured production commitment subject to authority, appropriations and contract terms.
Undefinitized contract action: work starts before final price and terms are agreed; the ceiling is a limit, and obligations may be small until definitization.

Grading backlog quality

Rank funded production with defined quantities above funded development, exercised options, unexercised options, and ceiling capacity without orders. Testing problems, future appropriations, retrofit duties, cancellation provisions and loss-making fixed-price terms can all weaken backlog quality. Backlog demonstrates demand; it does not guarantee profitable execution.

Business Segments, Customers and Acquisition Channels

Lockheed Martin's work spans four operating segments:

Aeronautics: F-35, F-16, F-22, C-130J and sustainment
Missiles and Fire Control: PAC-3 MSE, THAAD, JASSM, LRASM, GMLRS and PrSM
Rotary and Mission Systems: Sikorsky aircraft, sensors, training and mission systems
Space: satellites, strategic systems, payloads and ground infrastructure

Department of War awards, other federal work, direct commercial sales and international orders follow different processes. Foreign Military Sales may reflect allied demand while appearing through a U.S. contracting office. The Army buys missile, precision-fire and rotary-wing capabilities; the Navy and Air Force procure aircraft, weapons, mission systems and support; space awards may come through the Space Force, the Space Development Agency or other organizations. The buyer breakdown in the contract data above shows how these customers appear in federal records.

Lockheed Martin is a publicly traded contractor, not a federal agency or government-owned enterprise. Assess its exposure to government demand through appropriations, customer concentration, program mix and contract economics.

F-35: Production Lots, Pricing, Sustainment and Margin Risk

A "new F-35 contract" may be advance procurement, an undefinitized production action, a final lot agreement, a modification, modernization work or sustainment support. Separate these and record aircraft variant, quantity, customer mix, obligation, delivery period and pricing structure; otherwise production, retrofit and sustainment values are mistaken for one another.

A finalized and funded production lot can add backlog and define delivery economics. Advance procurement supports long-lead materials but does not equal the value of a complete aircraft lot. Higher volume does not ensure higher margins: fixed-price pressure, inflation, rework, delayed acceptance and supplier disruption can offset production benefits.

Before the next production lot, monitor appropriations, definitization, delivery acceptance, testing readiness, supplier capacity, long-lead purchases and exercised options. Expected actions belong in a pipeline, not in awarded revenue.

Missiles: PAC-3 MSE, JASSM, LRASM, THAAD, GMLRS and PrSM

Missile demand must be assessed alongside production capacity. Propulsion, energetics, seekers, electronics, tooling, labor and testing can constrain delivery rates. Capacity announcements become more credible when supported by funded facilities, equipment and supplier qualification. Factory targets are not the same as accepted deliveries; DefDex program records connect awards, capacity activity and production signals.

There is no responsible single annual figure for Patriot interceptor production without specifying the variant, period and measurement. PAC-3 MSE is one part of the broader Patriot system, and the contract quantities above cover multiyear scope rather than one year of accepted production.

C-130J, Black Hawk and Sustainment Economics

C-130J procurement sits within Aeronautics, while Sikorsky Black Hawk activity belongs to Rotary and Mission Systems. In both cases, separate aircraft production from spares, upgrades, depot work, logistics and sustainment. Production revenue often depends on unit delivery and acceptance. Sustainment may provide a longer work cadence, but it can be incrementally funded, competed or ordered through IDIQ vehicles. An installed fleet creates potential demand; it does not create backlog until a contract, option or task order is funded.

An export approval or congressional notification is not a production award. Direct commercial sales and Foreign Military Sales follow different paths, so track approval, contract award, obligation and delivery as separate milestones.

Space: SDA, GPS III and Missile-Warning Satellites

Space awards may cover satellite buses, payloads, ground systems, launch integration, operations or sustainment. Combining those categories can hide both value and execution risk. Relevant pipelines include Space Development Agency layers, GPS III and follow-on navigation work, and missile-warning systems with documented Lockheed Martin participation. Selection for one block or tranche does not guarantee the next award. Payments or incentives may depend on design reviews, testing, delivery, launch readiness and on-orbit performance; options and expected tranches are pipeline signals, not booked awards until exercised and funded.

Supplier Opportunities and Execution Risks

Prime-contract intelligence becomes actionable when connected to a named subcontractor, a documented bottleneck, a funded capacity project or a contestable work package. Broad demand alone is not enough.

Confirmed: an active solicitation, supplier request or funded capacity project
Anticipated: a documented milestone or forecast without an open notice
Inferred: a capacity or policy signal without a program-specific sourcing action

Established programs may depend on qualified incumbents, proprietary designs and lengthy approval processes, and higher prime-contract volume does not guarantee supplier access. Assess program access, qualification burden, cybersecurity requirements, production readiness, incumbent position, funded demand and solicitation timing, then monitor award modifications, SAM.gov notices, capacity funding and recompetes. Supplier and facility relationships recorded in the company data above show where documented links exist.

Comparing Lockheed Martin with Other Contractors

Comparisons with Boeing, Northrop Grumman or others require a common metric and period. Do not mix company revenue, defense revenue, obligations and unfunded ceilings in a single ranking. For cross-company comparisons see Defense Companies: Rankings, Revenue, Contracts, Capabilities, and Momentum.

Financial Statements41 observations

Latest available observation for each measure and unit.

Financial statements: latest observations
Measure	Period	Value / unit	Evidence
defdex · market_cap defdex	As of Oct 22, 2026	136,271,940,978.66 USD	Source 1 ↗Source 2 ↗ Notes and filing context Public market capitalization = 231004640 shares (dei:EntityCommonStockSharesOutstanding, end 2026-10-19, filed 2026-10-22, form 10-Q, accession 0001628280-26-066928) × 589.9099731445312 USD close on 2026-10-22. Ticker LMT (LMT). Share selection: single. computed filed Undated. Filing fiscal context: . Measurement dates are shown in the Period column. Evidence reported · Checked Oct 22, 2026 Record: market_cap\|lockheed-martin\|2026-10-22
Assets SEC EDGAR	As of Dec 31, 2025	59,840,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Assets\|USD\|\|2025-12-31\|0001628280-26-004195
Cash and cash equivalents SEC EDGAR	As of Dec 31, 2025	4,121,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:CashAndCashEquivalentsAtCarryingValue\|USD\|\|2025-12-31\|0001628280-26-004195
Liabilities SEC EDGAR	As of Dec 31, 2025	53,119,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Liabilities\|USD\|\|2025-12-31\|0001628280-26-004195
Operating cash flow SEC EDGAR	Jan 1, 2025 to Dec 31, 2025	8,557,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:NetCashProvidedByUsedInOperatingActivities\|USD\|2025-01-01\|2025-12-31\|0001628280-26-004195
Net income / loss SEC EDGAR	Jan 1, 2025 to Dec 31, 2025	5,017,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:NetIncomeLoss\|USD\|2025-01-01\|2025-12-31\|0001628280-26-004195
Research and development expense SEC EDGAR	Jan 1, 2025 to Dec 31, 2025	2,000,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:ResearchAndDevelopmentExpense\|USD\|2025-01-01\|2025-12-31\|0001628280-26-004195
Revenue SEC EDGAR	Jan 1, 2025 to Dec 31, 2025	75,048,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Revenues\|USD\|2025-01-01\|2025-12-31\|0001628280-26-004195

Show 1 more latest observations

Financial statements: additional latest observations
Measure	Period	Value / unit	Evidence
Stockholders’ equity SEC EDGAR	As of Dec 31, 2025	6,721,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:StockholdersEquity\|USD\|\|2025-12-31\|0001628280-26-004195

Observation history · 32 earlier records

Financial statements: observation history
Measure	Period	Value / unit	Evidence
Assets SEC EDGAR	As of Dec 31, 2024	55,617,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Assets\|USD\|\|2024-12-31\|0001628280-26-004195
Cash and cash equivalents SEC EDGAR	As of Dec 31, 2024	2,483,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:CashAndCashEquivalentsAtCarryingValue\|USD\|\|2024-12-31\|0001628280-26-004195
Liabilities SEC EDGAR	As of Dec 31, 2024	49,284,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Liabilities\|USD\|\|2024-12-31\|0001628280-26-004195
Operating cash flow SEC EDGAR	Jan 1, 2024 to Dec 31, 2024	6,972,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:NetCashProvidedByUsedInOperatingActivities\|USD\|2024-01-01\|2024-12-31\|0001628280-26-004195
Net income / loss SEC EDGAR	Jan 1, 2024 to Dec 31, 2024	5,336,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:NetIncomeLoss\|USD\|2024-01-01\|2024-12-31\|0001628280-26-004195
Research and development expense SEC EDGAR	Jan 1, 2024 to Dec 31, 2024	1,600,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:ResearchAndDevelopmentExpense\|USD\|2024-01-01\|2024-12-31\|0001628280-26-004195
Revenue SEC EDGAR	Jan 1, 2024 to Dec 31, 2024	71,043,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Revenues\|USD\|2024-01-01\|2024-12-31\|0001628280-26-004195
Stockholders’ equity SEC EDGAR	As of Dec 31, 2024	6,333,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:StockholdersEquity\|USD\|\|2024-12-31\|0001628280-26-004195
Operating cash flow SEC EDGAR	Jan 1, 2023 to Dec 31, 2023	7,920,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:NetCashProvidedByUsedInOperatingActivities\|USD\|2023-01-01\|2023-12-31\|0001628280-26-004195
Net income / loss SEC EDGAR	Jan 1, 2023 to Dec 31, 2023	6,920,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:NetIncomeLoss\|USD\|2023-01-01\|2023-12-31\|0001628280-26-004195
Research and development expense SEC EDGAR	Jan 1, 2023 to Dec 31, 2023	1,500,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:ResearchAndDevelopmentExpense\|USD\|2023-01-01\|2023-12-31\|0001628280-26-004195
Revenue SEC EDGAR	Jan 1, 2023 to Dec 31, 2023	67,571,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Revenues\|USD\|2023-01-01\|2023-12-31\|0001628280-26-004195
Stockholders’ equity SEC EDGAR	As of Dec 31, 2023	6,835,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:StockholdersEquity\|USD\|\|2023-12-31\|0001628280-26-004195
Assets SEC EDGAR	As of Dec 31, 2023	52,456,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 28, 2025. Filing fiscal context: 2024 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Assets\|USD\|\|2023-12-31\|0000936468-25-000009
Cash and cash equivalents SEC EDGAR	As of Dec 31, 2023	1,442,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 28, 2025. Filing fiscal context: 2024 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:CashAndCashEquivalentsAtCarryingValue\|USD\|\|2023-12-31\|0000936468-25-000009
Liabilities SEC EDGAR	As of Dec 31, 2023	45,621,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 28, 2025. Filing fiscal context: 2024 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Liabilities\|USD\|\|2023-12-31\|0000936468-25-000009
Stockholders’ equity SEC EDGAR	As of Dec 31, 2022	9,266,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 29, 2026. Filing fiscal context: 2025 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:StockholdersEquity\|USD\|\|2022-12-31\|0001628280-26-004195
Operating cash flow SEC EDGAR	Jan 1, 2022 to Dec 31, 2022	7,802,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 28, 2025. Filing fiscal context: 2024 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:NetCashProvidedByUsedInOperatingActivities\|USD\|2022-01-01\|2022-12-31\|0000936468-25-000009
Net income / loss SEC EDGAR	Jan 1, 2022 to Dec 31, 2022	5,732,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 28, 2025. Filing fiscal context: 2024 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:NetIncomeLoss\|USD\|2022-01-01\|2022-12-31\|0000936468-25-000009
Research and development expense SEC EDGAR	Jan 1, 2022 to Dec 31, 2022	1,700,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 28, 2025. Filing fiscal context: 2024 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:ResearchAndDevelopmentExpense\|USD\|2022-01-01\|2022-12-31\|0000936468-25-000009
Revenue SEC EDGAR	Jan 1, 2022 to Dec 31, 2022	65,984,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 28, 2025. Filing fiscal context: 2024 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Revenues\|USD\|2022-01-01\|2022-12-31\|0000936468-25-000009
Assets SEC EDGAR	As of Dec 31, 2022	52,880,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 23, 2024. Filing fiscal context: 2023 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Assets\|USD\|\|2022-12-31\|0000936468-24-000010
Cash and cash equivalents SEC EDGAR	As of Dec 31, 2022	2,547,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 23, 2024. Filing fiscal context: 2023 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:CashAndCashEquivalentsAtCarryingValue\|USD\|\|2022-12-31\|0000936468-24-000010
Liabilities SEC EDGAR	As of Dec 31, 2022	43,614,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 23, 2024. Filing fiscal context: 2023 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Liabilities\|USD\|\|2022-12-31\|0000936468-24-000010
Stockholders’ equity SEC EDGAR	As of Dec 31, 2021	10,959,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 28, 2025. Filing fiscal context: 2024 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:StockholdersEquity\|USD\|\|2021-12-31\|0000936468-25-000009
Operating cash flow SEC EDGAR	Jan 1, 2021 to Dec 31, 2021	9,221,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 23, 2024. Filing fiscal context: 2023 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:NetCashProvidedByUsedInOperatingActivities\|USD\|2021-01-01\|2021-12-31\|0000936468-24-000010
Net income / loss SEC EDGAR	Jan 1, 2021 to Dec 31, 2021	6,315,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 23, 2024. Filing fiscal context: 2023 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:NetIncomeLoss\|USD\|2021-01-01\|2021-12-31\|0000936468-24-000010
Research and development expense SEC EDGAR	Jan 1, 2021 to Dec 31, 2021	1,500,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 23, 2024. Filing fiscal context: 2023 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:ResearchAndDevelopmentExpense\|USD\|2021-01-01\|2021-12-31\|0000936468-24-000010
Revenue SEC EDGAR	Jan 1, 2021 to Dec 31, 2021	67,044,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 23, 2024. Filing fiscal context: 2023 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Revenues\|USD\|2021-01-01\|2021-12-31\|0000936468-24-000010
Assets SEC EDGAR	As of Dec 31, 2021	50,873,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 26, 2023. Filing fiscal context: 2022 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Assets\|USD\|\|2021-12-31\|0000936468-23-000009
Cash and cash equivalents SEC EDGAR	As of Dec 31, 2021	3,604,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 26, 2023. Filing fiscal context: 2022 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:CashAndCashEquivalentsAtCarryingValue\|USD\|\|2021-12-31\|0000936468-23-000009
Liabilities SEC EDGAR	As of Dec 31, 2021	39,914,000,000 USD	Source ↗ Notes and filing context Issuer-level consolidated XBRL fact. Latest eligible annual filing for this tag and period; fiscal context describes filing, and can differ from comparative fact period. Do not sum synonymous revenue tags. 10-K filed Jan 26, 2023. Filing fiscal context: 2022 FY. Measurement dates are shown in the Period column. Evidence confirmed · Checked Oct 9, 2026 Record: 0000936468\|us-gaap:Liabilities\|USD\|\|2021-12-31\|0000936468-23-000009

Annual SEC financial facts for this reporting entity. Figures describe the dated period shown; filing fiscal years may refer to later comparative statements. Revenue tags are separate measures and must not be added together.

Company Metrics

LinkedIn employee profiles: 114,308; Observed Oct 24, 2026
Bright Data / LinkedIn
LinkedIn followers: 3,360,220; Observed Oct 24, 2026
Bright Data / LinkedIn

Observation history

Oct 24, 2026 · LinkedIn employee profiles: 114,308
Oct 24, 2026 · LinkedIn followers: 3,360,220
Oct 23, 2026 · LinkedIn employee profiles: 114,308
Oct 23, 2026 · LinkedIn followers: 3,359,102
Oct 11, 2026 · LinkedIn employee profiles: 114,243
Oct 11, 2026 · LinkedIn followers: 3,345,260

Employee-profile counts reflect LinkedIn profiles associated with the company, not verified headcount. One observation establishes a baseline; it does not establish growth.

Frequently Asked Questions

Is Lockheed Martin the biggest defense contractor in the world?

It is commonly ranked among the largest, but the answer depends on the year and metric. Defense revenue, total revenue and U.S. contract obligations can produce different rankings.

What do new F-35 contracts mean for Lockheed Martin?

They may add production, sustainment, modernization or advance-procurement work. The effect depends on obligations, quantities, pricing, delivery acceptance and contract type.

What defense contracts does Boeing have?

Boeing performs work across military aircraft, tankers, rotorcraft, missiles, space systems, upgrades and sustainment. Measure current exposure from individual funded actions rather than historical program totals.

Sources299

Show all 299 sources and supporting evidence

Profile142

1
NewsFirst U.S. Navy Destroyer Enters Phase Two of DDG MOD 2.0 Modernization - Naval News
Naval News · Oct 24, 2026 · Supports Organization · news event
“The ships are also being upgraded with Lockheed Martin’s Aegis Baseline 10, a core component of the radar upgrade that will enable simultaneous air and ballistic missile defense.”
2
NewsPentagon, Lockheed agree to decade-long F-35 framework deal for hundreds of jets - Breaking Defense
Breaking Defense · Oct 22, 2026 · Supports Organization · news event
“Lockheed Martin](https://breakingdefense.com/tag/lockheed-martin/”
3
NewsLockheed Martin increases investment in solid rocket startup X-Bow Systems
SpaceNews · May 12, 2025 · Supports Organization
“The latest tranche was led by Lockheed Martin Corp., which also entered a strategic agreement with the company.”
4
CompanyLockheed Martin Advances Space Capabilities through Strategic Terran Orbital Acquisition
Lockheed Martin · Oct 30, 2024 · Supports Organization
“Lockheed Martin (NYSE: LMT) has completed its previously announced acquisition of Terran Orbital”
5
NewsLockheed, Northrop win US Army contract for spy gear on launched drones
Army Times · Nov 29, 2023 · Supports Organization · news event
“The service’s [Program Executive Office for Intelligence, Electronic Warfare and Sensors](https://www.c4isrnet.com/electronic-warfare/2023/04/24/barker-to-head-us-army-electronic-warfare-office-succeeding-kitz/), or PEO IEW&S, on Nov. 29 named Lockheed Martin and Northrop Grumman as the winners of other transaction authority deals for a launched-effects program “within the infrared and electronic warfare realms.””
6
NewsUS Army tackles enduring system to counter both drone and cruise missile threats
Defense News · May 19, 2021 · Supports Organization · news event
“Lockheed Martin”
7
Government recordContracts For May. 17, 2021
Department of Defense · May 17, 2021 · Supports Organization · news event
“Lockheed Martin”
8
Government recordAir Force opens new F-16 Production line for foreign military sales
U.S. Air Force · May 17, 2021 · Supports Organization · news event
“Lockheed Martin”
9
NewsWhat’s impeding Indonesia’s military ambitions?
Defense News · May 10, 2021 · Supports Organization · news event
“Lockheed Martin”
10
NewsNavy Software Factory, The Forge, Wants to Reshape How Ships Get Upgraded - USNI News
USNI News · Apr 12, 2021 · Supports Organization · news event
“Lockheed Martin”

Government identifiers103

UEI: C2NBXMHLSMS3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: CCNUWJRVK5N5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: CFTGMBWRZ4X8; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: CH5WNENNFHX5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: CMCXD2QLGKF9; LOCKHEED MARTIN CORP; Checked Oct 25, 2026
UEI: CQWLW9XRQTH5; LOCKHEED MARTIN CORP; Checked Oct 25, 2026

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UEI: CWM4UN76ZQW8; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: DK5YWW8HDMU4; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: DKELBA3FW769; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: DKKLLLT1HP64; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: DML6TA1CBQG4; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: E3HDLZY9NQ23; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: E8FJV75FUPB1; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: EJXLMCE59JD5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: ERP4E4SWYGK6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: EVXAUMSM7XK3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: EW4GCCB6XVH9; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: FDHZCDNKUXZ5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: FE5DHJPS6GD6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: FYHNA5WC8XD7; LOCKHEED MARTIN CORP; Checked Oct 25, 2026
UEI: G4KDGE4JFFK7; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: G52SJ7F9NTZ5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: G5TLLN5B23K3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: G7L1NH7VBL84; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: GESMUL9PADB9; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: GN4SD4MGKMC6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: H11HD5VHGHN3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: H6PLHCM7KGL5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: H7PNSVNN5827; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: H7USLCBKK8H2; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: HDHVQ4EF8A89; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: HJP4JZG1FUL9; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: HLKNNPYN5CQ4; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: HNXKWMN1HJL6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: J63HR8J3SGH7; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: JAN4TMZMLRU9; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: JHLMULLPJ2V5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: JKVWEPKJRR65; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: JLYKBHPJA2B8; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: JMSSMX3NDKF4; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: JPRDPNJCPHQ3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: JSQTW5L2SSM1; Checked Oct 25, 2026
UEI: JUH6QNWLBDJ7; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: JW9XB2Q9AJF1; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: K22UNHYP7EY1; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: KC5NMK7R6TN5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: KDT2YLB34NT6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: KEDGNDMH1LN3; LOCKHEED MARTIN CORP; Checked Oct 25, 2026
UEI: KFN4YJH98D51; LOCKHEED MARTIN CORP; Checked Oct 25, 2026
UEI: KKBTLDBLR951; Checked Oct 25, 2026
UEI: KMEVRAKJVBD3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: KY8HWEZ7A5S6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: L1UJG8CDNPH3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: L2Y1QCAQHRH5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: LHM1PFWNT8J4; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: LJDGB6CXKRK5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: LMN9BDEKJ4N8; LOCKHEED MARTIN CORP; Checked Oct 25, 2026
UEI: LTYUHQHXRJ35; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: LXKGXB75YKY6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: M1ETKB3ENCL7; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: M26AFW8K8LU6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: M8LAKLGK6GF6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: MAENKG4UJLK8; LOCKHEED MARTIN CORP; Checked Oct 25, 2026
UEI: MFT2DR8N3GD3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: MJENSFHZJP11; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: MU9CAK2UHYC5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: N2XLJYNPC221; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: NARDZKFS4NJ7; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: NB1ALNT2ZLN6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: NGBVY5X32XZ5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: NMHFLDYJJ4C5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: NPTBVK49FNB3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: NQ4RF43EENE4; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: NTWCWULE48A8; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: NWCQNJE1QDP3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: P8RKVLSH4RL3; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: PAMVUBYPXF48; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: PEJFHJDNAB21; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: QLY9AA8Y3DC1; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: R59DNA5SNZE6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: SG2MC7UQ9A11; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: SJDEB3MKJEW5; LOCKHEED MARTIN CORP; Checked Oct 25, 2026
UEI: T8HNNFU2EDD8; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: TL1MRK244M47; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: TS67BK7ZGWL7; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: U88ZQA9N5KL6; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: VDMWPPKKNT28; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: VPK8GT7MH8G5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: VYGMKZA24SF1; LOCKHEED MARTIN CORP; Checked Oct 25, 2026
UEI: WPCEMX8K7TJ9; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: WUVWJLHRU5A5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: X3CJAQUMMNU8; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: X66MJHL23KY1; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: X7HPSNDV9L46; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: XCMDTSHMULR4; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: XFJMYSYFJEK4; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: XYUMJHQ1LJV5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: YEQBKGK23MH7; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: Z774FNJMYNF5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: Z9B5HQ9HSTM5; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: ZCALTEZC5X23; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026
UEI: ZFN2JJXBLZT3; LOCKHEED MARTIN CORP; Checked Oct 25, 2026
UEI: ZKB3J828ES41; LOCKHEED MARTIN CORPORATION; Checked Oct 25, 2026

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About

How should you judge the real value of Lockheed Martin's defense contracts?

News20

Programs39 programs

Programs39

Capabilities12

Federal Prime Contracts$900.92B obligated · FY2008–FY2027

Top buyers

Defense programs

What they sell (PSC)

Industry (NAICS)

Where the work is done

Contract pricing

Competition

Top buyers

Defense programs

What they sell (PSC)

Industry (NAICS)

Where the work is done

Contract pricing

Competition

Largest awards10

Federal Obligations by Year (All USAspending, as Reported at the Time)

Directly matched recipients (up to 12)

Systems42

Supply Chain4 suppliers · 14 facilities

Suppliers4

Facilities14

Portfolio7 companies · 4 leads

People2

Hiring Observations10 observed listings

How to Read Lockheed Martin Contract Value

Two recent PAC-3 MSE examples

What a contract table should show

Current awards versus legacy program value

Contract Value Is Not Cash: Ceiling, Obligations and Backlog

Common contract types

Grading backlog quality

Business Segments, Customers and Acquisition Channels

F-35: Production Lots, Pricing, Sustainment and Margin Risk

Missiles: PAC-3 MSE, JASSM, LRASM, THAAD, GMLRS and PrSM

C-130J, Black Hawk and Sustainment Economics

Space: SDA, GPS III and Missile-Warning Satellites

Supplier Opportunities and Execution Risks

Comparing Lockheed Martin with Other Contractors

Financial Statements41 observations

Company Metrics

Related Guides

Frequently Asked Questions

More in Directed Energy

Sources299

Profile142

Government identifiers103