Lockheed Martin Corp

LMT: XNYS (USA)

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Lockheed Martin Is Positioned to Remain the Bellwether of the Defense Industry

Nicolas Owens

Sep 23, 2026

Business Strategy and Outlook

Lockheed derived nearly 72% of its $75 billion in 2025 sales servicing contracts from the US military, with the largest annual budget on Earth, and stands to operate the largest defense procurement program ever awarded (F-35) through the 2060s. Thus, as a bet on the defense industry, Lockheed is hard to beat. Biggest isn't always best, but Lockheed (and investors) benefit from the sheer scale of its tens of billions of dollars of contracts that provide defined decadeslong revenue and profit streams.

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Lockheed Martin Corp

Lockheed Martin Is Positioned to Remain the Bellwether of the Defense Industry

Business Strategy and Outlook

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