An investor’s introduction to Lockheed Martin Corporation



Introduction to Lockheed Martin Corporation

Lockheed Martin (LMT) is a global aeronautics and defense company. In its 75 years of existence, the company has evolved from developing television technology in the ’30s to creating solutions for cyber security and advanced analytics and robotics.

The company’s main customers include the U.S. government. In 2013, Lockheed Martin clocked revenues of $45.4 billion. Of its revenues, 82% come from the U.S. government, around 17% from international customers, and 1% from other U.S. commercial customers.

Revenue Break-up

The company operates in five business segments: Aeronautics, Information Systems & Global Solutions (IS&GS), Missiles and Fire Control (MFC), Mission Systems and Training (MST), and Space Systems.

LMT’s stock performance versus the index

Over the last five years, LMT has slightly outperformed the index and has given its shareholders a whopping 128%. The Dow Jones U.S. Select Aerospace Index (ITA) has also delivered close to a 114% return in the same period.

LMT’s peers have also performed well in the same period, including The Boeing Company (BA), Raytheon Company (RTN), and General Dynamics (GD).

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