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Company Dossier

Lockheed Martin Corporation

Lockheed Martin builds the Javelin, HIMARS and PAC-3 systems that have defined Western military support to Ukraine, and its record 2026 backlog is explicitly tied to Ukraine- and Iran-war restocking.

BattlePolicy Research · Updated 28 Jul 2026 · 34 min read
FILE · lockheed-martinOpen-source file · BattlePolicy ProStatus Public (NYSE: LMT); market cap roughly $118-140B depending on date (shares jumped ~10-11% on 2026-07-23 earnings), with a record $230.4B order backlog as of Q2 2026.Unverified
Lockheed Martin Corporation
Diversified Prime / Missiles, Fires & Air DefenseCombat-fieldedUSPublic (NYSE: LMT); market cap roughly $118-140B depending on date (shares jumped ~10-11% on 2026-07-23 earnings), with a record $230.4B order backlog as of Q2 2026.
Lockheed Martin builds the Javelin, HIMARS and PAC-3 systems that have defined Western military support to Ukraine, and its record 2026 backlog is explicitly tied to Ukraine- and Iran-war restocking.
Founded
1995Lockheed/Martin Marietta merger; Lockheed lineage to 1912
HQ
North Bethesda, Maryland
Headcount
approx 121,000-122,0002025-2026 company disclosures
Total raised
Public (NYSE: LMT) — market cap roughly $118-140BJuly 2026, post-earnings volatility
Valuation
market cap roughly $118-140BJuly 2026
Stage
Public incumbent prime

Background

Lockheed Martin Corporation was formed in 1995 through the merger of the Lockheed Corporation and Martin Marietta, with roots tracing to 1912; it is headquartered in North Bethesda, Maryland and led by Chairman, President and CEO James Taiclet.

The company is the world's largest pure-play defense contractor by revenue, spanning aeronautics (F-35, F-16), missiles and fire control (Javelin, HIMARS, PAC-3, THAAD, ATACMS), rotary and mission systems, and space.

Its Missiles and Fire Control segment is the business most relevant to current Ukraine, NATO and Middle East coverage: Javelin anti-tank missiles, HIMARS rocket-artillery launchers (now offered as a fast-tracked 'HIMARS FLEX' build-ahead program for allied customers), PAC-3 Patriot interceptors, and THAAD missile defense.

The F-35 fighter program, with 191 aircraft delivered in 2025, remains Lockheed's single largest revenue line and a cornerstone of NATO and allied air forces.

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