Lockheed Martin Corporation LMT

NYSE Electronic technology USD

Lockheed Martin Corporation is a global security and aerospace company primarily engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The company operates through four main business segments: Aeronautics, which focuses on military aircraft; Missiles and Fire Control, which develops missile defense systems and precision weapons; Rotary and Mission Systems, which handles helicopters, naval systems, and mission solutions; and Space, which delivers satellites, space transportation, and strategic systems. It serves primarily the U.S. Department of Defense, other U.S. government agencies, and international governments, generating revenue through long-term contracts that often utilize the percentage-of-completion accounting method. The company's business model revolves around securing large-scale government contracts, investing in research and development to maintain technological leadership, and providing ongoing support and modernization services for its products throughout their lifecycle.