Rank
178
Lockheed Martin
Floto + Warner for Fortune
- Previous Rank197
- Revenues ($M)50658
- Revenue Percent Change9.8
- Profits ($M)5302
- Profits Percent Change47.1
- Assets ($M)47806
- Employees97000
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 $700 million less than the previous batch. Meanwhile the world's largest defense contractor divested its Information Systems and Global Solutions group as it integrated Sikorsky Aircraft, a 2015 acquisition.
Company Information
CEO | Marillyn A. Hewson |
Sector | Aerospace & Defense |
Industry | Aerospace and Defense |
HQ Location | Bethesda, MD |
Website | www.lockheedmartin.com |
Years on Global 500 List | 23 |
Employees | 97,000 |
Key Financials (Last Fiscal Year)
Revenues ($M) | $50,658 |
Profits ($M) | $5,302 |
Assets ($M) | $47,806 |
Total Stockholder Equity ($M) | $1,511 |
Profit Ratios
Profit as % of Revenues | 10.5% |
Profits as % of Assets | 11.1% |
Profits as % of Stockholder Equity | 350.9% |