Lockheed Martin

G500-2018-Lockheed Martin
TEXAS, USA - JUNE 21: A F-35 fighter jet is seen as Turkey takes delivery of its first F-35 fighter jet with a ceremony at the Lockheed Martin in Forth Worth, Texas, United States on June 21, 2018. (Photo by Atilgan Ozdil/Anadolu Agency/Getty Images)Atilgan Ozdil—Anadolu Agency/Getty Images
  • Previous Rank
  • Revenues ($M)
  • Revenue Percent Change
  • Profits ($M)
  • Profits Percent Change
  • Assets ($M)
  • Employees

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.

Company Information

CEOMarillyn A. Hewson
SectorAerospace & Defense
IndustryAerospace & Defense
HQ LocationBethesda, Md.
Years on Global 500 List24

Key Financials (Last Fiscal Year)

Revenues ($M)$51,048
Profits ($M)$2,002
Assets ($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-