Lockheed Martin Corp (NYSE: LMT)

Lockheed Martin Corporation, widely recognized by its stock symbol LMT, is a prominent player in the global security and aerospace industry. The company's operations span across research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. Lockheed Martin's primary focus lies in defense, space, intelligence, homeland security, and information technology, serving primarily as a supplier to agencies of the U.S. Government.

The company is structured around four business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment is responsible for the research, design, development, manufacture, integration, sustainment, support, and upgrade of advanced military aircraft. These include combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment offers air and missile defense systems, tactical missiles, and air-to-ground precision strike weapon systems. It also provides logistics, fire control systems, mission operations support, readiness, engineering support, and integration services.

The RMS segment is tasked with designing, manufacturing, servicing, and supporting various military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, laser systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment is engaged in the research and design, development, engineering, and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems.

Lockheed Martin's major programs encompass the F-35 Lightning II, C-130 Hercules, F-16 Fighting Falcon, and F-22 Raptor. The company also manages the Patriot Advanced Capability-3 (PAC-3) and Terminal High Altitude Area Defense (THAAD) air and missile defense programs. Additionally, Lockheed Martin is actively involved in hypersonics programs, working in collaboration with the U.S. Army and U.S. Navy to design, develop, and build hypersonic strike weapons.

The company's global presence extends to international customers such as the U.K., Canada, Australia, and Japan. Lockheed Martin boasts a diverse workforce of approximately 122,000 employees, with a strong emphasis on diversity and inclusion, talent acquisition, retention, and development.

In the highly competitive defense and aerospace industry, Lockheed Martin's competitors include The Boeing Company, General Dynamics, L3Harris Technologies, Northrop Grumman, and RTX Corporation. The company's success hinges on its ability to innovate and develop new products and technologies that enhance mission performance and adapt to dynamic threats.

Lockheed Martin's customers primarily consist of agencies of the U.S. Government, as well as international entities including the U.K., Canada, Australia, and Japan. The company's products and services find application across various military branches, such as the U.S. Air Force, U.S. Navy, U.S. Army, and U.S. Marine Corps, as well as by international military forces.