Revenue distribution by sectors:

• Aerospace: approx. 40%
• Defense: approx. 50%
• Information security and technology: approx. 10%

TOP 3 markets:

1. USA: approx. 70%
2. Middle East: approx. 15%
3. Europe: approx. 10%

Lockheed Martin Corporation generates the majority of its revenue from the defense sector, with aerospace also having a significant share. The U.S. market is the largest single market for the company, driven by extensive government contracts and defense projects. The Middle East and Europe are also important markets benefiting from geopolitical tensions and the demand for advanced defense systems.

Production Sites:

• Fort Worth, Texas
• Marietta, Georgia
• Palmdale, California
• Syracuse, New York
• Owego, New York

Lockheed Martin Corporation, a leading company in the aerospace and defense sector, produces its products at several locations in the USA. The most significant production facilities are located in Fort Worth, Texas, where the F-35 Lightning II combat jets are mainly manufactured, and in Marietta, Georgia, where the C-130 Hercules transport aircraft are produced.

In Palmdale, California, the company focuses on the development and production of advanced aircraft, including unmanned systems. Other important sites are Syracuse and Owego in New York, specializing in electronic systems and aviation communication.

This geographical distribution of production sites enables Lockheed Martin to efficiently manage its extensive product lines and meet the requirements of its global customers.

Revenue growth: 7.5% (estimated 2024)
Research and development expenses: 2.5% of revenue (estimated 2024)

Lockheed Martin pursues a growth strategy that heavily relies on innovation and technological leadership. The company continuously invests in research and development to expand its product range in the field of defense technology and aerospace.

An essential part of the strategy is the exploration of new markets and adapting to the changing needs of global defense. This includes the development of advanced weapon systems, unmanned aerial vehicles, and cybersecurity solutions.

In addition, Lockheed Martin aims to establish partnerships and collaborations with international governments and companies to strengthen its global presence and unlock new business opportunities. The focus on sustainability and reducing the ecological footprint is also part of the company's long-term strategy.

Important raw materials: Titanium, aluminum, rare earths

Main importing countries: China, Russia, Canada, Australia

Lockheed Martin Corporation is heavily reliant on the import of raw materials essential for the production of aerospace technologies and defense systems. Titanium and aluminum are crucial for the manufacturing of aircraft structures and other components. These materials are often imported from countries like Russia and Canada, which have large reserves.

Rare earths are also of great importance, especially for the electronics and sensors in modern weapon systems. China is one of the largest suppliers of these raw materials, putting Lockheed Martin in a strategic dependence on Chinese exports. Australia is also considered a significant supplier of rare earths, as it has increased its production in recent years to reduce dependence on the Chinese market.

Market share in the defense sector: Approx. 15% (2024)
Research and development expenses: 1.5 billion USD (2024)
Contract volume with US government: Over 70% of revenue (2024)

Lockheed Martin Corporation has a significant competitive advantage in the defense sector, supported by several factors. Firstly, the company holds a considerable market share of about 15% in the global defense sector, making it one of the leading providers.

Secondly, Lockheed Martin continuously invests in research and development, with expenses of around 1.5 billion USD in 2024. These investments enable the company to develop innovative technologies and products that meet the requirements of modern warfare.

Another essential advantage is the strong contract volume with the US government, accounting for over 70% of total revenue. These long-term contracts provide financial stability and secure a constant source of income for the company.

In summary, Lockheed Martin, through its market position, innovation capabilities, and strategic partnerships with the government, possesses a strong competitive advantage that allows the company to maintain its leading position in the defense sector.

Institutional investor share: approx. 75% (estimated for 2025 based on historical data)

Insider purchases: No significant purchases in the last 12 months

Insider sales: Moderate, mainly as part of stock option programs

The institutional investor share at Lockheed Martin traditionally stands at about 75%, indicating the trust of large investment funds and institutional investors in the company. These investors appreciate the company's stable market position and long-term growth prospects.

Insider purchases have not been significant in the last 12 months, which could suggest that the management currently does not see substantial undervaluation of the company. The insider sales that have occurred have mainly been part of stock option programs, which is common in large companies. This does not necessarily indicate a lack of confidence in the company's future development.

Market share of Lockheed Martin: Approx. 14% (estimated for 2025)

Main competitors and their market shares:

1. Boeing (NYSE:BA): Approx. 12%
2. Northrop Grumman (NYSE:NOC): Approx. 10%
3. Raytheon Technologies (NYSE:RTX): Approx. 9%
4. General Dynamics (NYSE:GD): Approx. 7%
5. BAE Systems (LSE:BA): Approx. 6%
6. Airbus (EPA:AIR): Approx. 5%
7. Thales Group (EPA:HO): Approx. 4%
8. Leonardo S.p.A. (BIT:LDO): Approx. 3%
9. L3Harris Technologies (NYSE:LHX): Approx. 3%
10. Saab AB (STO:SAAB B): Approx. 2%

Moat of Lockheed Martin:

Lockheed Martin has a significant moat supported by several factors. These include long-term government contracts, especially with the US Department of Defense, and a strong position in the aerospace technology sector. The F-35 Lightning II, one of the most advanced combat aircraft in the world, is a prime example of the company's technological leadership.

Compared to its competitors, Lockheed Martin has the advantage of a wide range of products and a strong global presence. Boeing and Northrop Grumman are also strong competitors with significant moats, especially in the commercial aviation and defense technology sectors. Raytheon Technologies also provides strong competition, particularly in rocket technology and aerospace.

Overall, Lockheed Martin remains a leading player in the defense and aerospace industry due to its innovation, strategic partnerships, and established market position, maintaining a robust moat.

Revenue growth: 7.5% (2024) Profit growth: 6.8% (2024) Order backlog: $150 billion (2024)

Lockheed Martin Corporation recorded a revenue growth of 7.5% in 2024, attributed to strong demand for defense and aerospace systems. Profit growth was at 6.8%, indicating efficient cost controls and operational improvements.

The order backlog of $150 billion demonstrates a solid long-term demand for the company's products and services. This provides a stable foundation for future growth and earnings stability.

In addition, Lockheed Martin benefits from government defense spending and international contracts, reducing the risk of market fluctuations. These factors suggest that the stock, regardless of its current price, could be a potentially good investment for long-term oriented investors.

Dividend yield: 2.8% (estimated for 2025)
Dividend growth: 7% annually (average over the last 5 years)

Lockheed Martin Corporation is known for paying a reliable dividend. The company has consistently distributed dividends over the past years and has regularly increased them. The estimated dividend yield for 2025 is around 2.8%, which is competitive compared to other companies in the defense and aerospace industry.

The average annual dividend growth of 7% over the last five years demonstrates the financial stability and commitment of the company to provide value to shareholders. Lockheed Martin has a strong balance sheet and generates stable cash flows, further supporting the reliability of dividend payments.