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Lockheed Martin

Lockheed Martin is a US global aerospace, defence, security, and advanced technology company with worldwide interests. It was formed by the 1995 merger of Lockheed Corporation with Martin Marietta, and employs 123,000 people worldwide.

Chairman / President

Jim Taiclet

CEO / Managing Director

Jim Taiclet

CFO / Finance Director

Jay Malave

Industry

Aerospace, Defense, Security

Website

lockheedmartin.com

Headquarters address

6801 Rockledge Drive, Bethesda, MD 20817, United States

Stock Code

NYSE:LMT

Year founded

1995

last updated:

30 September, 2024

Chinese UAVs on display at the Zhuhai air show in November. China is making drones a key element in asymmetric warfare. Photo: EPA-EFE

China's military weapons

How China, US are using different drone strategies in race for air superiority

World’s top two military powers remain focused on traditional warplanes, but China’s ‘innovative use’ of UAVs could be the difference, analysts say.

5 Dec 2024 - 12:24PMvideocam

United States

Elon Musk calls fighter jets ‘obsolete’, drones the future of air combat

26 Nov 2024 - 11:20AM

China's military weapons

Pentagon in firing line for Chinese fighter jet image on US Veterans Day poster

14 Nov 2024 - 5:55PMvideocam

Australia

Australia scraps multibillion dollar military satellite project

The project for a single orbit satellite with Lockheed Martin had been cancelled, the Australian Department of Defence said on Monday.

4 Nov 2024 - 2:37PMvideocam

A next-generation Vulcan rocket developed by Lockheed Martin and Boeing is test launched in the US last month. Photo: Reuters

Australia

Australia to boost missile stockpiles, citing China’s ICBM test

The Indo-Pacific region is on the cusp of a new missile age, Australia’s defence industry minister said, vowing more domestic production.

30 Oct 2024 - 3:04PMvideocam

United States

US to ease restrictions on space-related exports to allies

The new rules could benefit companies like SpaceX and defence contractors with space units like Lockheed Martin, L3Harris and Boeing.

18 Oct 2024 - 5:43AMvideocam

Science

Chinese scientists hack encryption in quantum computer experiment: paper

Breakthrough poses a ‘real and substantial threat’ to password-protection mechanism employed across critical sectors, team says.

23 Oct 2024 - 11:10AMvideocam

Chinese scientists say they have successfully attacked a widely used encryption method using a quantum computer. Image: Shutterstock

Japan

US deploys laser-equipped warship to Japan with eye on China war threat

USS Preble is the only American destroyer with the advanced Helios laser weapon that can intercept aerial threats such as drones and missiles.

26 Sep 2024 - 9:00AM

Australia

‘Moral vacuum’: Australia’s arms exports under scrutiny amid Israel-Gaza war

Since the war began, Canberra has denied supplying directly to Israel, but former diplomats and academics said those words were an “exercise in semantics”.

14 Jun 2024 - 8:00AMvideocam

Taiwan

US arms contractors arrive in Taiwan for defence forum

Former US Marine Corps Forces Pacific commander Steven Rudder expected to deliver opening address to closed-door gathering.

4 Jun 2024 - 6:35PMvideocam

The Taiwan-US Defence Industry Forum in Taipei on Thursday is expected to include discussion of cooperation, the island’s military projects, drone development and advanced technologies. Photo: AFP

Malaysia

Malaysia draws fire for hosting Israel’s weapons suppliers at defence expo

The decision to invite Lockheed Martin and BAE to a government-backed expo has raised questions about the consistency of PM Anwar Ibrahim’s criticism of the Gaza war with the actions of his government.

7 May 2024 - 3:11PM

Malaysian hold a ‘Free Palestine’ rally outside the US embassy in Kuala Lumpur last year. Protesters are expected to gather at the VIP entrance of the Defence Service Asia expo in Malaysia’s capital on Tuesday. Photo: EPA-EFE

Israel-Gaza war

Outside In | As governments boost defence spending, the needy are being robbed

With so many nations struggling to provide electricity and clean water, and to rebuild healthcare and education, it’s a travesty that billions of dollars are being diverted to arms production and defence.

20 Apr 2024 - 8:09AMvideocam

Defence

US ‘may be sending strong message’ to China with hypersonic missile test

US and China likely to continue developing hypersonic weapons while also improving their defensive capabilities to neutralise these systems: analyst.

22 Mar 2024 - 5:54PMvideocam

Singapore

Singapore ‘elevates’ air force with more stealth fighters, amid regional threats

Singapore’s will buy eight more F-35 stealth fighters, eventually replacing its older F-16s, as the city state’s air force noted the growing capability of China’s People’s Liberation Army Air Force.

1 Mar 2024 - 5:10PM

Singapore

Singapore Airshow gets under way with Israeli firms present, but no Russians

More than 1,000 companies from over 50 countries are taking part in the biennial commercial and defence-focused air show, led by Western industry giants and their Chinese competitors.

20 Feb 2024 - 3:16PMvideocam

South Korea’s Black Eagles aerobatic team perform at Changi Exhibition Centre during an aerial flying display on Sunday ahead of the Singapore Airshow’s opening. Photo: Reuters

China’s military

China displays FC-31 fighter model at Saudi defence show amid Mideast conflicts

The threat of a wider conflict could encourage nations in the region to expand their fighter jet forces but China has challenges in eroding US dominance.

13 Feb 2024 - 1:32PMvideocam

United States

Nasa delays astronaut moon landing to 2026 amid spacecraft ‘challenges’

Issues around the Orion capsule’s heat shield and the spacecraft’s batteries and electrical system are among the reasons for pushing back the Artemis missions.

10 Jan 2024 - 5:28AMvideocam

Japan

Japan to sell missiles to US in ‘really welcome’ easing of arms export rules

The move to export lethal weapons for the first time comes with approval of a record annual defence budget, as Japan sees its biggest military build-up since World War II.

22 Dec 2023 - 6:31PM

A US soldier inspects a Patriot missile defence battery during join exercises at military grounds in Sochaczew, near Warsaw. The government is planning to sell PAC-2 and some more advanced PAC-3 interceptors made in Japan to the US, according to officials who asked not to be identified. Photo: Reuters

United States

Ukraine war boosts revenue for US defence contractors

RTX, which makes rockets used in Ukraine, has received US$3 billion of orders since Russia’s February 2022 invasion, while General Dynamics, which makes tanks and artillery, saw revenue rise 25 per cent from a year ago.

28 Oct 2023 - 1:46AMvideocam

Ukraine war

US Congress debates Ukraine aid as Pentagon warns money running low

US Defence Department has no funds left under the Ukraine Security Assistance Initiative and US$5.4 billion worth of Presidential Drawdown Authority, an official said on Monday.

3 Oct 2023 - 6:01AM

Defence

US military asks for help finding lost F-35 fighter jet

A pilot ejected from his F-35 jet following a ‘mishap’ during a flight in South Carolina. The pilot survived, but the military was left with an expensive problem: it couldn’t find the jet.

18 Sep 2023 - 4:04PM

F-35 jets, manufactured by Lockheed Martin, cost around US$80 million each. File photo: AFP

Taiwan

Taiwan arms boosted as US approves US$500 million in F-16 sensors

Latest sale of infrared search-and-track equipment built by Lockheed Martin deepens interoperability with American fighter-jet programme.

24 Aug 2023 - 6:50AMvideocam

The US in 2019 approved a US$8 billion sale of 66 F-16 fighter jets to Taiwan. Photo: dpa

Ukraine war

Ukraine’s Zelensky hails ‘historic’ decision to supply F-16 jets

Ukrainian President Volodymyr Zelensky’s unannounced quick trips to the Netherlands and Denmark resulted in a significant haul of F-16 fighter jets, expected to improve Kyiv’s capabilities in the sky.

21 Aug 2023 - 11:32AMvideocam

Space

Nasa picks Lockheed Martin to build US nuclear-powered spacecraft

The idea of nuclear thermal propulsion has long been considered as a way to send shortened crewed missions to Mars.

27 Jul 2023 - 4:03PMvideocam

China’s military

Taiwan weighs options for ageing fleet of Mirage 2000 fighter jets

Defence Minister Chiu Kuo-cheng says they still perform well but ‘over time’ there will be an issue.

25 May 2023 - 10:43PMvideocam

Taiwan’s defence minister acknowledged there was an “age concern” with the Mirage fleet. Photo: EPA-EFE

Australia

Opinion | Why is Australia brandishing the China ‘threat’ when relations are warming?

By basing its defence overhaul on a vague China ‘threat’, Australia leaves too many questions hanging, including how this will deter or even contain China’s ambitions. Better to focus on economic cooperation with China and peaceful overtures instead.

1 May 2023 - 3:30AMvideocam

US-China relations

China reveals new details of Raytheon, Lockheed sanctions

Measures include prohibiting senior executives travelling to China or working there; move comes because firms supply weapons to Taiwan.

19 Apr 2023 - 1:58AM

Hypersonic missiles and weapons

US hypersonic missile test marred by flaw as China, Russia maintain edge

The second test flight of Lockheed Martin Corp’s hypersonic missile prototype was marred by the weapon’s failure to transmit in-flight performance data, two people familiar with the results said.

29 Mar 2023 - 11:28AMvideocam

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