Lockheed Martin’s business segments
Lockheed Martin (LMT) operates in five business segments—Aeronautics, Information Systems & Global Solutions, Mission and Fire Controls, Mission Systems & Trainings, and Space Systems.
The company earned $14.1 billion in revenues from Aeronautics in 2013, making up 31% of its total sales. This segment includes the production of advanced military aircraft.
One of the major programs for the segment is the F35 lightning II joint strike fighter. This program makes up the largest share of the company’s earning. About 16% of the company’s revenue (and 50% of the Aeronautic divisions’ revenue) come from this program alone. With the U.S. government’s requirement of 2,443 aircraft for its defense forces, there’s high revenue visibility for the segment. As of December 2013, the order backlog stood at 93 aircraft.
Information Systems & Global Solutions (or IS&GS)
Lockheed Martin earned $8.4 billion in revenues from this segment, which is about 18% of its total sales. This segment includes services like integrated information technology systems, data analytics, cyber security, air traffic, and energy demand management.
Missiles and Fire Controls (or MFC)
Lockheed Martin earned $7.8 billion revenues from this segment, which is about 17% of its total sales. The segment includes air and missile defence systems, fire control systems, and air-to-ground precision striker weapons.
Mission Systems & Trainings (or MST)
The company earned $7.1 billion revenues from this segment, which is about 16% of the company’s total sales. The segment includes ship and submarine combat systems, missile defence systems, radar systems, Littoral combat ship, and unmanned systems and technologies.
Lockheed Martin earned $8 billion revenues from this segment, which is about 18% of the total sales. The segment is involved in design, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems.