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Lockheed Martin

Bethesda, MD Founded 1995 Defense & Aerospace

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Latest analysis

Updated Aug 28, 2026

Lockheed Martin refinances $2.25B 364-day revolver and extends $3.0B 5-year facility to August 2031.

Lockheed Martin executed routine credit facility management on August 24, 2026, replacing its maturing 364-day revolver with a new $2.25 billion unsecured facility and extending its $3.0 billion 5-year credit agreement by one year to August 2031. Neither transaction involved new borrowings, and both carry standard terms with no financial maintenance covenants. This is administrative refinancing with no material strategic implication beyond liquidity positioning.

Tone: neutral

Revenue

$75B

LMT 10-K · FY 2025

Employees

123,000

Revenue FY2024

$71B

Founded

1995

Profile

LMT 10-K Item 1 · Jan 29, 2026

Lockheed Martin is a global aerospace and defense technology company organized into four segments — Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space — serving the U.S. Government and allied nations across all warfighting domains. The company designs, manufactures, and sustains advanced military aircraft, missile systems, helicopters, satellites, and space systems. The F-35 Lightning II is its largest single program, representing 27% of total consolidated sales in 2025.

Read filing description ↓

We are a global aerospace and defense technology company that builds and sustains the solutions America and its allies need to deter conflict and advance national security and scientific exploration objectives. Our four business areas – Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space – work as one company offering integrated solutions, at scale, across all warfighting domains. Our defense, space, intelligence, homeland security, information technology, and cybersecurity capabilities serve U.S. and international customers in defense, civil and commercial applications. Our principal customers are agencies of the U.S. Government and allies. Recent regional conflicts have demonstrated the integral role Lockheed Martin products play in protecting people, and we are rapidly transforming our business to meet increased demand. We are expanding production capacity to continue delivering at scale, and we are harnessing leading-edge technologies like artificial intelligence and autonomy, open-architecture systems, and advanced networking to make defense forces more agile, adaptive and unpredictable. Our goal is to deliver overwhelming capability and value – quickly, at the needed quantities and with the greatest effectiveness – to enable overmatch and strengthen deterrence today and into the future. We achieve this by developing and investing in differentiating technologies, forging strategic partnerships, including with commercial companies, executing on our multi-year business transformation initiative, maintaining fiscal discipline, and continuing to cultivate the greatest aerospace and defense workforce talent and culture in the world.

Primary products

F-35 Lightning II
C-130 Hercules
F-16 Fighting Falcon
F-22 Raptor
PAC-3 (Patriot Advanced Capability-3)
THAAD (Terminal High Altitude Area Defense)

Business segments

Aeronautics Missiles and Fire Control Rotary and Mission Systems Space

End markets

U.S. Government defense International defense Civil Commercial

Geographies

United States Europe Middle East Pacific region International (foreign military sales)

Named customers

U.S. Air Force U.S. Marine Corps U.S. Navy U.S. Army U.S. Space Force NASA Missile Defense Agency (MDA) National Guard

We derived 72% of our total consolidated sales from the U.S. Government in 2025, including 63% from the Department of War (DoW), also known as the Department of Defense under 10 U.S.C. § 111(a).

Named competitors

The Boeing Company General Dynamics L3Harris Technologies Northrop Grumman RTX Corporation

“Our broad portfolio of products and services competes domestically and internationally against products and services of the companies listed above, numerous smaller competitors and startups, and increasingly, non-traditional and non-U.S. defense contractors.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Total sales grew from $71.0 billion in 2024 to $75.0 billion in 2025, driven by growth across Products and Services revenue lines.

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SeventhBiz analysis 6 signals 9 diligence answers 1 M&A transactions SWOT

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