Editing Lockheed Martin (section)

{{short description|American aerospace, defense, security, and technology company}}
{{about|the company|the transit center in Sunnyvale, California|Lockheed Martin Transit Center}}
{{Use American English|date=July 2019}}
{{Use mdy dates|date=April 2020}}
{{Infobox company
| name = Lockheed Martin Corporation
| logo = Lockheed Martin logo.svg
| logo_upright = 1.25
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NYSE|LMT}}|[[S&P 100]] component|[[S&P 500]] component}}
| industry = [[Aerospace manufacturer|Aerospace]], [[Arms industry|Defense]]
| predecessors = {{ubl|[[Lockheed Corporation]]|[[Martin Marietta]]}}
| foundation = {{start date and age|1995|3|15}}
| location = [[Bethesda, Maryland]], United States
| area_served = Worldwide
| key_people = [[James D. Taiclet]] ([[Chairperson|chair]], [[President (corporate title)|president]] & [[Chief executive officer|CEO]])
| products = 
| revenue = {{increase}} {{US$|71.04 billion|link=yes}} (2024)
| operating_income = {{decrease}} US$7.013 billion (2024)
| net_income = {{decrease}} US$5.336 billion (2024)
| assets = {{nowrap|{{increase}} US$55.62 billion (2024)}}
| equity = {{decrease}} US$6.333 billion (2024)
| num_employees = 121,000 (2024)
| divisions = {{Unbulleted list|[[Lockheed Martin Aeronautics|Aeronautics]]|[[Lockheed Martin Missiles and Fire Control|Missiles and Fire Control]]|[[Lockheed Martin Rotary and Mission Systems|Rotary and Mission Systems]]|[[Lockheed Martin Space|Space]]}}
| website = {{url|https://www.lockheedmartin.com/|lockheedmartin.com}}
| footnotes =<ref name=10K2024>{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/936468/000093646825000009/lmt-20241231.htm |title=US SEC: Form 10-K Lockheed Martin Corporation |publisher=[[United States Securities and Exchange Commission]] |date=January 28, 2025}}</ref><ref>{{cite web|title=Lockheed Martin (NYSE:LMT) {{!}} Subsidiaries & Locations|url=http://www.bga-aeroweb.com/firms/Company-Subsidiaries/Subsidiaries-Lockheed-Martin.html|work=AeroWeb|publisher=Barr Group Aerospace|access-date=November 15, 2013|archive-date=January 4, 2015|archive-url=https://web.archive.org/web/20150104201346/http://www.bga-aeroweb.com/firms/Company-Subsidiaries/Subsidiaries-Lockheed-Martin.html|url-status=dead}}</ref>
}}

The '''Lockheed Martin Corporation''' is an American [[Arms industry|defense]] and [[aerospace manufacturer]] with worldwide interests. It was formed by the merger of [[Lockheed Corporation]] with [[Martin Marietta]] in March 1995. It is headquartered in [[North Bethesda, Maryland]]. As of January 2022, Lockheed Martin employs approximately 121,000 employees worldwide, including about 60,000 engineers and scientists.<ref>{{cite web |url=https://www.cfr.org/event/ceo-speaker-series-james-taiclet-lockheed-martin |title=CEO Speaker Series with James Taiclet of Lockheed Martin |work=Council on Foreign Relations. |date=2022-01-26 |accessdate=2022-01-30}}</ref>  Reports from 2024 estimate that Lockheed Martin Corporation (LMT) holds a market cap of around $139.7 billion.<ref>{{Cite web |date=October 1, 2024 |title=What You Need to Know Ahead of Lockheed Martin's Earnings Release |url=https://www.nasdaq.com/articles/what-you-need-know-ahead-lockheed-martins-earnings-release }}</ref>

Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry. It was the world's largest [[defense contractor]] by revenue for fiscal year 2014.<ref name="Top 20 Defense Contractors">[http://www.your-poc.com/top-20-defense-contractors-2015/ POC Top 20 Defence Contractors of 2014] {{Webarchive|url=https://web.archive.org/web/20150707220438/http://www.your-poc.com/top-20-defense-contractors-2015/ |date=July 7, 2015}}. Retrieved: July 2015</ref> In 2013, 78% of Lockheed Martin's revenues came from military sales;<ref name="DefenceIQ">[http://www.defenceiq.com/air-land-and-sea-defence-services/articles/top-10-defence-companies-lockheed-martin-1/ DefenseIQ Top 10 defence companies in the world], 2013. Retrieved: July 6, 2015.</ref> it topped the [[Top 100 US Federal Contractors|list of US federal government contractors]] and received nearly 10% of the funds paid out by [[the Pentagon]].<ref>{{Cite web|url= https://www.fpds.gov/downloads/top_requests/Top_100_Contractors_Report_Fiscal_Year_2013.xls|title= Top 100 Contractors Report Fiscal Year 2013 |access-date= January 2, 2015 |website= Federal Procurement Data System – Next Generation |publisher= [[General Services Administration]] |format= XLS}}</ref> In 2009, US government contracts accounted for $38.4&nbsp;billion (85%), foreign government contracts for $5.8&nbsp;billion (13%), and commercial and other contracts for $900 million (2%).<ref>{{cite web |url= https://www.lockheedmartin.com/content/dam/lockheed/data/corporate/documents/2009-Annual-report.pdf |title= 2009 Annual Report |publisher= LockheedMartin.com |access-date= January 4, 2011 |archive-url= https://web.archive.org/web/20121017162644/http://www.lockheedmartin.com/content/dam/lockheed/data/corporate/documents/2009-Annual-report.pdf |archive-date= October 17, 2012 |url-status= dead |df= mdy-all}}</ref> Half of the corporation's annual sales are to the [[United States Department of Defense|U.S. Department of Defense]]. Lockheed Martin is also a contractor for the [[U.S. Department of Energy]] and the [[NASA|National Aeronautics and Space Administration]] (NASA).<ref>{{Cite web|url=https://www.britannica.com/topic/Lockheed-Martin-Corporation|title=Lockheed Martin Corporation {{!}} American corporation|website=Encyclopedia Britannica|language=en|access-date=March 27, 2020}}</ref>

Lockheed Martin operates in four business segments: [[Lockheed Martin Aeronautics|Aeronautics]], [[Lockheed Martin Missiles & Fire Control|Missiles and Fire Control]] (MFC), [[Lockheed Martin Mission Systems and Sensors|Rotary and Mission Systems]] (RMS), and [[Lockheed Martin Space|Space]].<ref name="Lockheed Martin-2016">{{Cite web|url=https://www.lockheedmartin.com/en-us/who-we-are/business-areas.html|title=Business Areas|website=Lockheed Martin|date=March 11, 2021}}</ref> The company has received the [[Collier Trophy]] six times, including in 2001 for being part of developing the [[Lockheed Martin X-35|X-35]]/[[Lockheed Martin F-35 Lightning II|F-35B]] [[Rolls-Royce LiftSystem|LiftFan Propulsion System]]<ref name="LMCollier">[https://www.lockheedmartin.com/us/news/press-releases/2003/february/PropulsionSystemInLockheedMartinJoi.html Propulsion System in Lockheed Martin Joint Strike Fighter wins Collier Trophy] {{webarchive|url=https://web.archive.org/web/20130103225726/http://www.lockheedmartin.com/us/news/press-releases/2003/february/PropulsionSystemInLockheedMartinJoi.html |date=January 3, 2013}} Lockheed Martin press release, February 28, 2003. Retrieved: January 2010</ref><ref name="LiftFanPatent2">{{cite web|url=http://www.freepatentsonline.com/5209428.pdf |title=Propulsion system for a vertical and short takeoff and landing aircraft |year=1990}} United States Patent 5209428 (pdf of original)</ref><ref name="Collier">[http://www.aerofiles.com/collier-trophy.html Collier Trophy; list of winners.] Retrieved January 2010</ref> and most recently in 2018 for the Automatic Ground Collision Avoidance System (Auto-GCAS). Lockheed Martin is currently developing the [[Lockheed Martin F-35 Lightning II|F-35 Lightning II]] and leads the international supply chain, leads the team for the development and implementation of technology solutions for the new [[USAF]] [[Space Fence]] ([[AFSSS]] replacement),<ref name="SpaceFence">[http://lockheedmartin.com.au/us/products/space-fence.html Space Fence: Lockheed Martin] {{Webarchive|url=https://web.archive.org/web/20150709040848/http://lockheedmartin.com.au/us/products/space-fence.html |date=July 9, 2015}}, 2015. Retrieved: July 7, 2015.</ref> and is the primary contractor for the development of the [[Orion (spacecraft)|Orion]] command module.<ref name="OrionSpacecraft">[http://lockheedmartin.com.au/us/products/orion.html Orion: Lockheed Martin] {{Webarchive|url=https://web.archive.org/web/20150709023632/http://lockheedmartin.com.au/us/products/orion.html |date=July 9, 2015}}, 2015. Retrieved: July 7, 2015.</ref> The company also invests in [[healthcare]] systems, [[renewable energy]] systems, [[Smart grid|intelligent energy distribution]], and [[nuclear fusion|compact nuclear fusion]].<ref name="LockheedMartinFusion">[http://lockheedmartin.com/us/products/compact-fusion.html CNF: Lockheed Martin], 2015. Retrieved: July 8, 2015</ref>