As a leading global aerospace & defense company, Lockheed Martin has looked to further its commanding market position through enhanced U.S. and international sales, new program wins, major acquisitions, and broadened capabilities in new and existing market segments.

With F-35 looking to be growth constrained, Lockheed needs to win new opportunities that yield substantial revenue. Its recent selection by the U.S. Missile Defense Agency to provide the Next Generation Interceptor, worth at least $17 billion in revenue, is a major win that should yield long-term production potential.  

The company’s most recent prior major acquisition was Sikorsky Helicopter in 2015. Following the Sikorsky acquisition, Lockheed Martin was highly indebted but worked aggressively to repay the debt while pursuing a full integration of Sikorsky under the Lockheed Martin corporate umbrella.  

After a sustained period of healthy revenue growth, Lockheed has experienced somewhat flat revenue over the past four years. Growth has continued but at a slower rate. For the full year of 2024 total revenue was $71.043 billion, up 5.1% from 2023 when its revenue of $67.571 billion was up 2.4% from 2022.  

The company’s operating profit has been under downward pressure for the past four years. Operating profit was $7.013 billion in 2024, down 17.6% from 2023’s $8.507 billion, which was up only 1.9% from 2022, which in turn was down 8.4% from 2021.  

At the end of the 2nd Quarter 2025, management guidance projected that total company revenue for all of 2025 would be at least $73.750 billion. Segment Operating Profit (before consolidation/adjustments) is projected to be at least $6.6 billion.  

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