10 Lockheed Martin Statistics (2024):
Revenue, Market Share, Sales, DoD

Lockheed Martin is a leading global aerospace and defense company that focuses on advanced technology systems, products and services.

Formed in 1995, it has since gone on to become the largest U.S Department of Defense (DoD) contractor by a wide margin.

Continue reading to find the latest Lockheed Martin statistics in 2024.

Here's a quick breakdown of what we'll cover:

• Lockheed Martin Stats (Highlights)
• Lockheed Martin revenue
• Lockheed Martin revenue from U.S Government sales
• Lockheed Martin revenue from U.S Department of Defense
• Lockheed Martin net profit
• Lockheed Martin debt
• Lockheed Martin market share
• Lockheed Martin research and development (R&D) spending
• Lockheed Martin earnings per share (EPS)
• What's the average salary at Lockheed Martin?
• Lockheed Martin how many employees?

• Lockheed Martin generated $67.57 billion in revenue in 2023.
• 73% of Lockheed Martin's revenue in 2023 came from the U.S Government.
• Lockheed Martin spent $1.50 billion on research & development (R&D) in 2023.
• Lockheed Martin brought in $6.92 billion of net profit in 2023.

Lockheed Martin brought in an annual revenue of $66.1 billion in 2023. The company is on track to do $71.06 billion in revenue in 2024, an increase of 7.5% from the year prior.

Lockheed Martin revenue has grown by 47% since 2010 for a total of $21.90 billion.

Here's a table of Lockheed Martin's revenue since 2010:

73% of Lockheed Martin's revenue came from U.S Government sales, for a total of $49.33 billion in 2023. This represents a 2.41% increase of Lockheed Martin revenue compared to the previous year.

Most of Lockheed Martin's revenue comes from U.S Government sales.

Here's a full breakdown of Lockheed Martin's revenue from U.S Government sales since 2010:

The Department of Defense (DoD) accounted for 64% of Lockheed Martin’s U.S. Government revenue in 2023, for a total of $43.25 billion.

Here's a table of Lockheed Martin's revenue from the U.S Department of Defense (DoD) since 2010:

Lockheed Martin brought in an annual net profit of $6.92 billion in 2023. This represents a 20% increase in net profit compared to the previous year.

Lockheed Martin's net profit has grown 140% since 2010 for a total of $4.04 billion.

Here's a table of Lockheed Martin's net profit for each year since 2010:

Lockheed Martin had a total of $17.46 billion in debt in 2023. This represents an increase of 12% in debt compared to the previous year.

Lockheed Martin's debt has increased by 247% since 2010, reaching a total of $12.44 billion.

Here's a table with Lockheed Martin's debt per year since 2010:

Lockheed Martin has an estimated 18.5% total market share in the Space Vehicle & Missile Manufacturing Industry.

Lockheed Martin spent $1.5 billion on research and development (R&D) in 2023. A decrease of $200 million in R&D spending from the year before.

Lockheed Martin's R&D spending peaked at $1.7 billion in 2022.

Since 2002, Lockheed Martin's R&D spending has increased by 80%, amounting to a total increase of $670 million.

Here's a detailed table with Lockheed Martin's research and development (R&D) spending each year since 2002:

As of Q2 2024, Lockheed Martin’s earnings per share (EPS) are $21.83. Earnings per share have increased by 196% since Q1 2010, adding an additional $14.46.

Lockheed Martin's earnings per share peaked in Q4 2023 and Q2 2024.

We’ve charted Lockheed Martin's earnings per share since Q1 2018:

The average salary at Lockheed Martin varies depending on the role. According to Glassdoor.com the salary range for an Engineer is between $102k and $153k, with the average pay at $120k.

Here's a table showing the average salaries for various roles at Lockheed Martin, according to Indeed.com.

Lockheed Martin employs over 122k employees worldwide. 65K of them are engineers, scientists or technologists. 20% of Lockheed Martin’s employees are veterans.

That's it for my collection of Lockheed Martin growth data and figures!

Lockheed Martin continues to show steady growth, mainly due to close ties with the U.S Government and Department of Defense (DoD).

Who knows what lies ahead for the company as it continues to dominate the space.