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{{Contractor
|ContractorName=Lockheed Martin
}}
{{short description|American aerospace, defense, security, and technology company}}
{{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_size = 250
| 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$|67.6 billion|link=yes}} (2023)
| operating_income = {{increase}} US$8.51 billion (2023)
| net_income = {{increase}} US$6.92 billion (2023)
| assets = {{nowrap|{{decrease}} US$52.5 billion (2023)}}
| equity = {{decrease}} US$6.84 billion (2023)
| num_employees = 122,000 (2023)
| 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|www.lockheedmartin.com|lockheedmartin.com}}
| footnotes = <ref name=10K2023>{{cite web |url=https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm |title=US SEC: Form 10-K Lockheed Martin Corporation |publisher=[[United States Securities and Exchange Commission]] |date=January 23, 2024}}</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 115,000 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>
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 115,000 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>


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On March 16, 2020, Lockheed Martin announced that [[James D. Taiclet]] would replace [[Marillyn Hewson]] as CEO, effective June 15.<ref>{{Cite press release |last=Martin |first=Lockheed |title=Lockheed Martin Elects James D. Taiclet as President and CEO |url=https://www.prnewswire.com/news-releases/lockheed-martin-elects-james-d-taiclet-as-president-and-ceo-301024734.html |access-date=2024-08-11 |website=www.prnewswire.com |language=en}}</ref> In January of 2021, Taiclet became chairman of the company as well.<ref>{{Cite web |url=https://www.bizjournals.com/washington/news/2021/01/29/taiclet-hewson-lockheed-martin.html |title=Taiclet adding chairman to his title at Lockheed Martin |date=January 29, 2021}}</ref>
On March 16, 2020, Lockheed Martin announced that [[James D. Taiclet]] would replace [[Marillyn Hewson]] as CEO, effective June 15.<ref>{{Cite press release |last=Martin |first=Lockheed |title=Lockheed Martin Elects James D. Taiclet as President and CEO |url=https://www.prnewswire.com/news-releases/lockheed-martin-elects-james-d-taiclet-as-president-and-ceo-301024734.html |access-date=2024-08-11 |website=www.prnewswire.com |language=en}}</ref> In January of 2021, Taiclet became chairman of the company as well.<ref>{{Cite web |url=https://www.bizjournals.com/washington/news/2021/01/29/taiclet-hewson-lockheed-martin.html |title=Taiclet adding chairman to his title at Lockheed Martin |date=January 29, 2021}}</ref>


On December 20, 2020, it was announced that Lockheed Martin would acquire [[Aerojet Rocketdyne Holdings]] for $4.4 billion.<ref>{{Cite news|url=https://www.bizjournals.com/washington/news/2020/12/20/lockheed-acquires-rocket-leader-aerojet-rocketdyne.html |title=Lockheed makes a solid rocket motor splash, buying Aerojet Rocketdyne for $4.4B |access-date=2020-12-21}}</ref> The acquisition was expected to close in first quarter of 2022.<ref>{{cite news|title=Lockheed predicts Aerojet acquisition will close next quarter|url=https://news.yahoo.com/lockheed-predicts-aerojet-acquisition-close-162701482.html|agency=[[Defense News]]|via=[[Yahoo! News]]|date=2021-10-26|access-date=2021-12-22}}</ref> On February 13, 2022, Lockheed abandoned the deal following regulatory disapproval.<ref>{{Cite web|title=Lockheed Scraps Aerojet Deal After FTC Takes Tough Merger Stance|url=https://www.msn.com/en-us/money/companies/lockheed-scraps-aerojet-deal-after-ftc-takes-tough-merger-stance/ar-AATOdpa|first=Julie |last=Johnsson |date=2022-02-13|website=MSN|language=en-US}}</ref><ref>{{Cite web|first1=Anirudh|last1=Saligrama|first2=Diane|last2=Bartz|title=Lockheed scraps $4.4 billion deal to buy Aerojet amid regulatory roadblocks|url=https://www.reuters.com/business/aerospace-defense/lockheed-martin-terminates-44-bln-deal-acquire-aerojet-rocketdyne-2022-02-13/|date=2022-02-13|work=[[Reuters]]|language=en-us}}</ref>
On December 20, 2020, it was announced that Lockheed Martin would acquire [[Aerojet Rocketdyne Holdings]] for $4.4 billion.<ref>{{Cite news|url=https://www.bizjournals.com/washington/news/2020/12/20/lockheed-acquires-rocket-leader-aerojet-rocketdyne.html |title=Lockheed makes a solid rocket motor splash, buying Aerojet Rocketdyne for $4.4B |access-date=2020-12-21}}</ref> The acquisition was expected to close in first quarter of 2022.<ref>{{cite news|title=Lockheed predicts Aerojet acquisition will close next quarter|url=https://news.yahoo.com/lockheed-predicts-aerojet-acquisition-close-162701482.html|agency=[[Defense News]]|via=[[Yahoo! News]]|date=2021-10-26|access-date=2021-12-22}}</ref> On February 13, 2022, Lockheed abandoned the deal following regulatory disapproval.<ref>{{Cite web|title=Lockheed Scraps Aerojet Deal After FTC Takes Tough Merger Stance|url=https://www.msn.com/en-us/money/companies/lockheed-scraps-aerojet-deal-after-ftc-takes-tough-merger-stance/ar-AATOdpa|first=Julie |last=Johnsson |date=2022-02-13|website=MSN|language=en-US}}</ref><ref>{{Cite web|first1=Anirudh|last1=Saligrama|first2=Diane|last2=Bartz|title=Lockheed scraps $4.4 billion deal to buy Aerojet amid regulatory roadblocks|url=https://www.reuters.com/business/aerospace-defense/lockheed-martin-terminates-44-bln-deal-acquire-aerojet-rocketdyne-2022-02-13/|date=2022-02-13|work=Reuters|language=en-us}}</ref>


In 2022, during the [[Russian invasion of Ukraine]], major arms manufacturers, including Lockheed Martin,<ref>{{cite news |last1=McIntyre |first1=Douglas |title=Lockheed Martin Profits More From War Than Any Other Company on Earth |url=https://247wallst.com/special-report/2023/03/02/lockheed-martin-profits-more-from-war-than-any-other-company-on-earth/ |work=24/7 Wall St. |date=2 March 2023}}</ref> reported a sharp increase in interim sales and profits.<ref>{{cite news |last=Bedi |first=Rahul |title=Russia's Invasion of Ukraine Bodes Good Business for Arms Manufacturers Worldwide |url=https://thewire.in/business/russia-ukraine-invasion-business-arms-manufacturers |work=The Wire |date=28 February 2022 |archive-date=2 March 2022 |archive-url=https://web.archive.org/web/20220302060817/https://thewire.in/business/russia-ukraine-invasion-business-arms-manufacturers |url-status=live}}</ref><ref>{{cite news |title=Ukraine war: How weapons makers are profiting from the conflict |url=https://news.sky.com/story/ukraine-war-how-weapons-makers-are-profiting-from-the-conflict-12624574 |work=Sky News |date=10 June 2022}}</ref><ref>{{cite news |title=As the war rages on and military spending booms, the US arms industry is a big winner in Ukraine |url=https://www.abc.net.au/news/2023-01-21/us-arms-industry-military-spending-profits-ukraine-war-russia/101843752 |work=ABC News |date=20 January 2023}}</ref>
In 2022, during the [[Russian invasion of Ukraine]], major arms manufacturers, including Lockheed Martin,<ref>{{cite news |last1=McIntyre |first1=Douglas |title=Lockheed Martin Profits More From War Than Any Other Company on Earth |url=https://247wallst.com/special-report/2023/03/02/lockheed-martin-profits-more-from-war-than-any-other-company-on-earth/ |work=24/7 Wall St. |date=2 March 2023}}</ref> reported a sharp increase in interim sales and profits.<ref>{{cite news |last=Bedi |first=Rahul |title=Russia's Invasion of Ukraine Bodes Good Business for Arms Manufacturers Worldwide |url=https://thewire.in/business/russia-ukraine-invasion-business-arms-manufacturers |work=The Wire |date=28 February 2022 |archive-date=2 March 2022 |archive-url=https://web.archive.org/web/20220302060817/https://thewire.in/business/russia-ukraine-invasion-business-arms-manufacturers |url-status=live}}</ref><ref>{{cite news |title=Ukraine war: How weapons makers are profiting from the conflict |url=https://news.sky.com/story/ukraine-war-how-weapons-makers-are-profiting-from-the-conflict-12624574 |work=Sky News |date=10 June 2022}}</ref><ref>{{cite news |title=As the war rages on and military spending booms, the US arms industry is a big winner in Ukraine |url=https://www.abc.net.au/news/2023-01-21/us-arms-industry-military-spending-profits-ukraine-war-russia/101843752 |work=ABC News |date=20 January 2023}}</ref>
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