Lockheed Martin Corporation is an American armaments and technology group that is primarily active in the military, civil aviation and aerospace industries. Nearly 80% of the $46 billion in revenue in 2014 was generated from purchases by the United States government.
Lockheed Martin Corporation was founded in March 1995 and is a merger of Lockheed Corporation and Martin Marietta Corporation. In 1996, Loral Corporation was bought for $9.1 billion. As a result of the merger and severe financial problems in the late 1990s, large parts of the group were sold to the British competitor BAE Systems. BAE Systems temporarily replaced Lockheed Martin as the largest armaments company in the world. After an extensive renovation, Lockheed Martin was able to claim this title again in 2004.
Revenue for Lockheed Martin (LMT)
Revenue in 2023 (TTM): $67.57 B
According to Lockheed Martin's latest financial reports the company's current revenue (TTM) is $67.57 B. In 2022 the company made a revenue of $65.98 B a decrease over the years 2021 revenue that were of $67.04 B.The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history for Lockheed Martin from 2001 to 2023
Annual revenue
| Year | Revenue | Change |
|---|---|---|
| 2023 (TTM) | $67.57 B | 2.41% |
| 2022 | $65.98 B | -1.58% |
| 2021 | $67.04 B | 2.52% |
| 2020 | $65.39 B | 9.34% |
| 2019 | $59.81 B | 11.25% |
| 2018 | $53.76 B | 4.9% |
| 2017 | $51.25 B | 8.48% |
| 2016 | $47.24 B | 5.63% |
| 2015 | $44.73 B | -1.91% |
| 2014 | $45.60 B | 0.53% |
| 2013 | $45.35 B | -3.87% |
| 2012 | $47.18 B | 1.47% |
| 2011 | $46.49 B | 1.63% |
| 2010 | $45.75 B | 2.28% |
| 2009 | $44.73 B | 4.69% |
| 2008 | $42.73 B | 2.08% |
| 2007 | $41.86 B | 5.66% |
| 2006 | $39.62 B | 6.47% |
| 2005 | $37.21 B | 4.75% |
| 2004 | $35.52 B | 11.63% |
| 2003 | $31.82 B | 19.74% |
| 2002 | $26.57 B | 12.79% |
| 2001 | $23.56 B |
Revenue for similar companies or competitors
| Company | Revenue | Revenue differencediff. | Country |
|---|---|---|---|
 Boeing BA | $77.79 B | 15.13% | 🇺🇸 USA |
 General Dynamics GD | $42.27 B | -37.44% | 🇺🇸 USA |
 Northrop Grumman NOC | $39.29 B | -41.85% | 🇺🇸 USA |
 Kratos Defense & Security Solutions KTOS | $1.03 B | -98.47% | 🇺🇸 USA |
 AeroVironment AVAV | $0.70 B | -98.96% | 🇺🇸 USA |