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A global security and aerospace company, specializing in air, cyber, land, sea, and space defense products
What Does Lockheed Martin Do?
What Does Lockheed Martin Do?
Lockheed Martin is a global security and aerospace and defense company that designs, develops and manufactures, advanced technology systems for defense, space, and security. They operate in four main business segments which can be found below, in the business model section. Lockheed provides products and services to military branches and commerical operators in 40 nations.
Primary Products
Primary Products
Aircrafts
Guided missiles and space vehicles
Search and navigation equipment
Radio & TV communications equipment
Computer integrated systems design
Computer programming services
Target Market
Target Market
U.S. Department of Defense
Government Agencies
Military Branches
Commercial Aerospace Markets
Business Model
Business Model
Four Primary Business Segments
Aeronautics
Missiles and Fire Control
Rotary and Mission Systems
Space
Sector
Sector
Industrials
Subsector
Subsector
Aerospace and Defense
Key Competitors
Key Competitors
The Boeing Co. is similar to Lockheed in that they provide aerospace and defense systems for the U.S. Department of Defense
One major difference is that Boeing produces commercial aircrafts and supplies numerous commercial jets to airlines.
Northrop is similar to Lockheed in that they provide aerospace and defense systems to the Military. They have also worked side by side on the F-35 lightening.
They mainly differ with Northrop having more focus in autonomous aircraft systems, and bomber planes, while Lockheed focuses on fighter jets.
General Dynamics compares with Lockheed, offering a wide range of military defense and weapon systems.
The main differences between Lockheed and General Dynamics, is that GD is more concentrated on Ground defense and weapon systems, as well as nuclear submarines.
While RTX and Lockheed are similar in offering aerospace and defense products, they differ in business models.
RTX's production focuses on Jet engines, avionics, and aircraft systems, while Lockheed produces complete aircrafts.
Key Suppliers
Key Suppliers
Northrop Grumman
Raytheon Technologies
BAE Systems
General Electric
Honeywell
Key Customers
Key Customers
U.S. Department of Defense
U.S. Department of Energy
NASA
Disruptive Forces
Disruptive Forces
Artificial Intelligence
Autonomous Systems
Quantum Computing
Hypersonic Systems
Expanding Competitive Landscape
Foreign Technology Advancement
Key Metrics
Key Metrics
Lockheed
Lockheed
Boeing
Boeing
Northrop Grumman
Northrop Grumman
General Dynamics
General Dynamics
RTX
RTX
Key Metrics ANalysis
Key Metrics ANalysis
The Key Metrics provided above, give indication about the financial health, profitability, efficiency , effectiveness and labor force of the aerospace and defense titans.
Overall, Lockheed has increased their revenues, total assets, and labor force over the past five years with some decreases in gross profit, and EBITDA margin. However, with an EBITDA margin over 10% Lockheed has been able to operate efficiently, manage their expenses and as a result maintain stable earnings.
Boeing has struggled over the past two years, they saw decreases in revenues, gross profit, and have negative EBITDA margins, or are below 10%. These metrics can indicate a struggle to maintain efficiency and control operating expenses, which have resulted in lower earnings and profits. Boeing has also been hit with numerous scandals over the past year, and the safety of their commercial airliners have been in question.
Northrop has maintained steady increases over the past few years in total assets, revenues, and EBITDA Margins, leading to stable earnings and profits. Northrop has remained a strong competitor in the Aerospace & Defense industry, and looks to maintain their finanical health in the coming years.
General Dynamics has been a strong company over the last 5 years, with steady increases in all key metrics including labor force, total revenues, assets, gross profit, and EBITDA margin. While less focused on aerospace, their land and sea defense capabilities have made them a strong company in the industry, and their financial health reflects their efforts.
RTX is the largest employer out of these companies, with a steadily increasing workforce of around 180,000 employees. The main contributor to this is their three subsidiaries which allow them to be a major competitor in the industry. Their total revenue, assets, and EBITDA margin have also increased over the past few years, which have allowed them to maintain strong financial health, earnings, and efficient operations.
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