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200

Lockheed Martin

LMT

U.S.

The election of President Trump has been a boon for the Pentagon’s top weapons supplier. Under the Republicans’ proposed budget plan, the defense company would receive a higher spending budget for key programs. The new tax law has also given the company a boost: Lockheed reported its effective tax rate at 14.9% for the first quarter of this year, compared with 23.8% a year ago. The company seems to be losing speed in the space race, however: Lockheed’s space division saw a year-over-year decline in revenues, which the company said is due to lower sales of satellites.

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CEO

Marillyn A. Hewson

Sector

Aerospace & Defense

Industry

Aerospace & Defense

HQ Location

Bethesda, Md.

Years on Global 500 List

24

Employees

100,000

Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$51,0480.8%
Profits ($M)$2,002.0-62.2%
Assets ($M)$46,521
Total Stockholder Equity ($M)$-683
Profit Ratios
Profit as % of Revenues3.9%
Profits as % of Assets4.3%
Profits as % of Stockholder Equity-
STOCK QUOTE
()0.00 0.00 (0)
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News about Lockheed Martin

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The company's business with Saudi has attracted scrutiny following the death of Jamal Khashoggi.

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