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Global 500

Floto + Warner for Fortune

178

Lockheed Martin

LMT

U.S.

Bad news for global stability usually means good news at defense giants like Lockheed Martin. With the threat of terrorism and, as a result, military budgets on the rise, the company is enjoying a favorable outlook. One of Lockheed’s major moneymakers is its F-35 joint strike fighter jet, which accounts for a fifth of its business. President Trump used the pricey aircraft to demonstrate his prowess as a negotiator; Lockheed later agreed to sell 90 of them to the Department of a Defense for $700 million less than the previous batch. Meanwhile the world’s largest defense contractor divested its Information Systems and Global Solutions group as it integrated Sikorsky Aircraft, a 2015 acquisition.

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CEO

Marillyn A. Hewson

Sector

Aerospace & Defense

Industry

Aerospace and Defense

HQ Location

Bethesda, MD

Years on Global 500 List

23

Employees

97,000

Includes revenues from discontinued operations.
Lockheed Martin is also featured in these fortune lists
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$50,6589.8%
Profits ($M)$5,302.047.1%
Assets ($M)$47,806
Total Stockholder Equity ($M)$1,511
Profit Ratios
Profit as % of Revenues10.5%
Profits as % of Assets11.1%
Profits as % of Stockholder Equity350.9%
STOCK QUOTE
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