Lockheed Martin

Lockheed Martin (NYSE: LMT) is a global aerospace, defence, security and advanced technologies company that was formed with the merger of Lockheed Corporation with Martin Marietta in 1995s. The company is a leading provider of various high-technology products, services, and solutions where its notable products include the F-35 Lightning II fighter jet, various missile systems, and the Orion spacecraft, among others. A large share of the company’s business entails collaboration with the U.S. Department of Defense and US federal government agencies. The company generated revenue of USD 67.5 billion in 2023.

The company operates across four business segments. Aeronautics, which is the largest segment (~41% of revenue in 2022) mainly focuses on fixed-wing and tactical airlift military aircrafts. The Rotary and Mission Systems (RMS) segment (~25%) mainly focuses on rotary wing aircrafts, naval systems, and mission systems including Sikorsky. The Missiles and Fire Control (MFC) segment (~17%) mainly focuses on misiles, air defence systems, fire control systems, manned and unmanned vehicles, security and energy systems. The Space segment (~17%) mainly focuses on satellites, space launch and exploration. 

The United States is the largest market for Lokheed accounting for ~74% of revenue in 2022, followed by Europe (~10%), Asia Pacific (~8%), and the Middle East (~6%).

Lockheed Martin expects to record a revenue between USD 68.5–70.0 billion, while expecting to record an EPS of USD 25.65 - 26.35 for 2024.