Lockheed Martin
RANK
55
2021 was a year of mixed fortunes for defense manufacturer Lockheed Martin. Net income dropped 8% to $6.3 billion, as earnings took a hit when the company had to fund a pension settlement charge of $1.7 billion during the third quarter. But Lockheed Martin was still able to bump up net sales for the year by 2.5%, largely driven by deliveries of 142 F-35 combat aircraft, up from 120 the previous year. The F-35 accounts for around one-quarter of the company’s revenue.
Courtesy of Lockheed Martin
Company Information
As of 3/29/23
Country
U.S.
Headquarters
Bethesda, Md.
Industry
Aerospace & Defense
CEO
James D. Taiclet Jr.
Website
Company Type
Public
Ticker
LMT
Revenues ($M)
$65,984
Profits ($M)
$5,732
Market Value ($M)
$122,415
Employees
116,000
Figures are for fiscal year ended Dec. 31, 2022. Market value as of March 8, 2023. Sources: S&P Global; Bloomberg.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$67,044
2.5%
Profits ($M)
$6,315
-7.6%
Assets ($M)
$50,873
-
Total Stockholder Equity ($M)
$10,959
-
Profit Ratios
Profit as % of Revenues
9.4%
Profits as % of Assets
12.4%
Profits as % of Stockholder Equity
57.6%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
2,276
EPS % Change (from 2020)
-6.3%
EPS % Change (5 year annual rate)
5.4%
EPS % Change (10 year annual rate)
11.3%
Total Return
Total Return to Investors (2021)
3.1%
Total Return to Investors (5 year, annualized)
10.2%
Total Return to Investors (10 year, annualized)
19.6%
Lockheed Martin Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $65,3989.3% | $6,8339.7% | $50,710 | $6,015 |
| 2020 | $59,81211.3% | $6,23023.5% | $47,528 | $3,127 |
| 2019 | $53,7625.3% | $5,046152.0% | $44,876 | $1,394 |
| 2018 | $51,0480.8% | $2,002-62.2% | $46,521 | $-683 |
| 2017 | $50,6589.8% | $5,30247.1% | $47,806 | $1,511 |
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Latest news for Lockheed Martin
- Asia
China hits Lockheed Martin, Raytheon with sanctions over arms sales to TaiwanFebruary 16, 2023, 3:24 PM UTC - Europe
Ukraine thanks U.S. for ‘game changing’ weapons system: But what is the HIMARS?July 5, 2022, 4:11 PM UTC - Finance
Investors are betting that today’s inflation report will show the worst is behind usMay 11, 2022, 8:29 AM UTC
- Lockheed Martin CEO Marillyn Hewson will step down;2:39News, Radar;
- Ivanka Trump Joins CEOs of Lockheed Martin and Deloitte to Discuss the Workforce;26:53Conferences, MPW Summit 2017;
- Building Tech That Keeps Us Safe on Land, Sea, Sky, and Space;22:56Conferences, MPW Summit 2019;
- Introducing Fortune's Most Powerful Women of 2019;1:29Conferences, MPW Summit 2019;
