56 - Lockheed Martin

- Floto + Warner for Fortune
Floto + Warner for Fortune

Bad news for global stability usually means good news at defense giants like Lockheed Martin. With the threat of terrorism and, as a result, military budgets on the rise, the company is enjoying a favorable outlook. One of Lockheed’s major moneymakers is its F-35 joint strike fighter jet, which accounts for a fifth of its business. President Trump used the pricey aircraft to demonstrate his prowess as a negotiator; Lockheed later agreed to sell 90 of them to the Department of a Defense for $700 million less than the previous batch. Meanwhile the world’s largest defense contractor divested its Information Systems and Global Solutions group as it integrated Sikorsky Aircraft, a 2015 acquisition.

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Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$50658
Revenue Percent Change9.8%
Profits ($M)$5,302.0
Profits Percent Change47.1%
Assets ($M)$47806
Market Value — as of March 31, 2017 ($M)$77,557
Previous Rank60

Company Facts

SectorAerospace & Defense
IndustryAerospace and Defense
HQ LocationBethesda, MD
CEOMarillyn A. Hewson
CEO Title-
Years on Fortune 500 List23

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