Lockheed Martin’s Revenue by Region (2017-2023)

This statistic highlights Lockheed Martin’s Revenue by Region from 2017 Q1 onwards, split between Asia Pacific, Europe, Middle East, United States, and other regions.

Lockheed Martin’s Revenue by Region

Lockheed Martin Corporation has generated total revenue of $16.26 billion in Q1 2021 from different regions which include:

• Asia Pacific
• Europe  
• Middle East  
• United States  
• Other regions  

This article gives a breakdown of revenue from different regions generated in 2021 Q1.

(All figures in billions, except percentages)

Asia Pacific

Lockheed Martin Corporation is present in Asia Pacific regions and has partnerships with nations like Australia, Canada, India, Japan, and Singapore. It has a partnership with Australia for over 70 years and with India for over 30 years and has also opened a subsidiary in New Delhi in 2008. Susan Maraghy is the Vice President for South Asian Region. Asia Pacific regions have generated 10% of total revenue in Q1 2021 amounting to $1.6 billion and have grown by 13% on a year-over-year basis from $1.42 billion in Q1 2020. 

Europe  

Lockheed Martin Corporation provides a broad range of defense products to Europe which includes the F-35 Lightning II. It has its presence in nations like Denmark, German where it has partnered with Bundeswehr and the German aerospace and defense industry for the past 50 years, with Poland for more than 20 years, and with the UK for more than 80 years having headquarters in London. Europe has generated 10% of total revenue in Q1 2021 amounting to $1.69 billion and has the least growth rate of 1% on a year-over-year basis from $1.68 billion in Q1 2020. 

Middle East

Lockheed Martin is playing a vital role in the national security of the State of Israel for more than 73 years. It has also been an active partner to the Kingdom of Saudi Arabia for around 56 years. It also serves a diversified portfolio in defense, advanced technology, and knowledge transfer programs to the United Arab Emirates for four decades. Lockheed Martin also earns revenue from Bahrain and Qatar. Middle East region has generated about 6% of total revenue in Q1 2021 amounting to $912.00 million and has an adverse growth rate of -3% on a year-over-year basis from $936 million in Q1 2020.

United States  

Lockheed Martin’s maximum revenue comes from the U.S. region. It has numerous contracts with U.S. Government agencies and entities which comprise the U.S. military, the Departments of Defense, Health services, transportation services, Justice, commerce, the Social Security Administration, the Federal Aviation Administration, NASA, and the U.S. Environmental Protection Agency. Revenue from the U.S. accounts for $11.78 billion almost 72% of total revenue in Q1 2021. It has also witnessed 3% year-over-year growth from $11.40 billion in Q1 2020.

Other

Revenue from other regions which are not a part of the above-mentioned regions is included in this category. Lockheed Martin earned $28 million from other regions, just 2% of its total revenue in Q1 2021, and has grown by 27% on a year-over-year basis from Q1 2020.

Company overview

Lockheed Martin Corporation is an American-based company established in March 1995 by the Lockheed Corporation and Martin Marietta merger. Its headquarter is located in Maryland, in Washington, D.C. Common stocks of Lockheed Martin Corporation are listed on New York Stock Exchange under the trading symbol “LMT”. 

Lockheed Martin Corporation is engaged in research, development, design, integration, and manufacture of advanced aerospace, arms, defense, space, intelligence, and homeland security including cybersecurity. Its primary business segments are Aeronautics, Rotary, and Mission Systems (RMS), Missiles and Fire Control (MFC), and Space.

Lockheed Martin Corporation’s major competitors are Boeing Co., Raytheon Co., BAE Systems Inc., and Northrop Grumman Corporation.

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