Lockheed Martin
#1 Defense Contractor · FY2024
The world's largest defense contractor. Maker of the F-35 ($1.7T lifetime cost), F-22, C-130, THAAD missile defense, and Trident submarine-launched ballistic missiles. Spends ~$13M annually on lobbying.
FY2024 Contracts
$47.8B
Rank
#1
Subsidiaries
4
5-Year Contract Trend
FY2020
$72.9B
FY2021
$37.7B
FY2022
$43.3B
FY2023
$67.1B
FY2024
$47.8B
Subsidiaries & Divisions
| Entity | FY2024 Awards |
|---|---|
| LOCKHEED MARTIN CORPORATION | $14.4B |
| SIKORSKY AIRCRAFT CORPORATION | $4.7B |
| LOCKHEED MARTIN CORP | $1.9B |
| RAYTHEON/LOCKHEED MARTIN JAVELIN JV | $1.2B |
Weapons Programs
F-35 Lightning II
Fighter Aircraft · $1700B · In Production
F-22 Raptor
Fighter Aircraft · $67.3B · Active
Littoral Combat Ship
Surface Ship · $30B · Active (Decommissioning)
THAAD
Missile Defense · $24B · Active
Long Range Anti-Ship Missile (LRASM)
Cruise Missile · $5B · In Production
Space-Based Infrared System (SBIRS)
Space · $19.2B · Active
GPS III
Space · $5.8B · In Production
F-16 Fighting Falcon
Fighter Aircraft · — ·
RQ-170 Sentinel
Drone · — ·
JASSM / JASSM-ER
Cruise Missile · — ·
HIMARS
Rocket Artillery · — ·
Follow the Money
Lockheed Martin received $47.8B from the Department of Defense in FY2024 alone. Defense contractors spend millions on lobbying and campaign contributions to ensure continued government spending. Every dollar in defense contracts is a dollar not spent on education, healthcare, or infrastructure.