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#1Largest Defence Co · 2026

Lockheed Martin Corporation

The largest pure-play defence company in the world, anchored by the F-35 programme.

Defence Revenue
$78B
HQ
USA
Founded
1995
Employees
~122,000
Listing
NYSE: LMT

Overview

Lockheed Martin is the world's largest defence contractor and the gravitational centre of the global defence industry. With over USD 78 billion of revenue and an order backlog north of USD 175 billion, the company's portfolio spans the F-35 Lightning II programme, the Patriot and THAAD air defence systems, Sikorsky rotorcraft, Aegis naval combat systems, and a long list of strategic space and missile programmes. No other company in the sector matches its programme depth or political proximity.

Recent Strategic Moves

F-35 sustainment and Block 4 upgrade cycle running at maximum tempo. PAC-3 production lines expanded twice in eighteen months to keep up with allied restocking. Sikorsky pursuing the FLRAA replacement and FARA-class follow-on programmes.

Flagship Products & Programmes

F-35 Lightning IIF-16 Fighting FalconPAC-3 / PatriotTHAADSikorsky Black HawkAegis Combat System

Business Categories

Combat AircraftMissilesSpace SystemsRotary & Mission Systems