Lockheed Martin

Lockheed Martin has been the principal designer, manufacturer and sustainer of Minuteman III re-entry systems and also carries out work for the new U.S. ICBM, the Sentinel. It also has several outstanding contracts for Trident missile production.

Nuclear Weapons |  Investments 

Company Profile

Lockheed Martin is a U.S.-based global security and aerospace company that focuses on “research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services”.[i] It is the world’s largest arms producer.[ii] Lockheed Martin has been the principal designer, manufacturer and sustainer of Minuteman III re-entry systems and also carries out work for the new U.S. ICBM, the Sentinel. It also has several outstanding contracts for Trident missile production.  In the financial year ending 31 December 2023, Lockheed Martin reported net sales of over $67 billion.[iii]

[i] ‘Lockheed Martin Corporation 2023 Annual Report’, Lockheed Martin (2024) p. 3. Available at: Lockheed Martin Corporation.

[ii] ‘World’s top arms producers see revenues rise on the back of wars and regional tensions’, SIPRI, 2 December 2024. Available at: World’s top arms producers see revenues rise on the back of wars and regional tensions | SIPRI.

[iii] ‘Lockheed Martin Corporation 2023 Annual Report’, Lockheed Martin (2024) p. 56. Available at: Lockheed Martin Corporation.

Contact information

Lockheed Martin

6801 Rockledge Drive,

Bethesda, Maryland 20817-1877

United States

 

Website: Leading Aerospace and Defense | Lockheed Martin

X: @LockheedMartin

LinkedIn: Lockheed Martin | LinkedIn

 

Nuclear weapons

Lockheed Martin is producing command and control systems and, as part of the Northrop Grumman team, is responsible for missile payload integration for the Sentinel, the new U.S. intercontinental ballistic missile.[i] In October 2023, Lockheed Martin was also awarded a $1.1 billion contract to develop a re-entry vehicle for the Sentinel.[ii]  

Lockheed Martin has been the principal designer, manufacturer and sustainer of Minuteman III re-entry systems since the 1960s.[iii] The company currently has an outstanding contract for this work that runs until June 2029, valued at $879 million.[iv]

The U.S. Navy is planning to use the Lockheed Martin C-130J-30 Hercules aircraft for nuclear command and communications, specifically in a Take Charge And Move Out (TACAMO) role.[v] In April 2023, it awarded Lockheed Martin a $70,5 million contract modification to study the aircraft’s readiness for the TACAMO program.[vi]

Lockheed Martin is responsible for the construction of the Trident II (D5) nuclear missiles for both the UK and the U.S.[vii] It has several outstanding contracts related to Trident production, together valued at more than $7.5 billion, some of which are planned to continue through at least 2028.[viii] 

[i] About Sentinel (no date) | Northrop Grumman. Available at: About Sentinel | Northrop Grumman (Accessed: 9 December 2024); Mehta, Aaron,‘Northrop teams with Lockheed on ICBM replacement. Here’s who else is involved’, Defense News, 16 September 2019. Available at: https://www.defensenews.com/digital-show-dailies/afa-air-space/2019/09/16/northrop-teams-with-lockheed-on-icbm-replacement-heres-who-else-is-involved/.

[ii] CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending’, 27 October 2023. Available at: CONTRACT to LOCKHEED MARTIN CORP | USAspending (Accessed: 9 December 2024); Contracts for October 30, 2023 (2021) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024).

[iii] Intercontinental Ballistic Missile ICBM (no date) | Lockheed Martin. Available at: Intercontinental Ballistic Missile | Lockheed Martin (Accessed: 9 December 2024).

[iv] IDV to LOCKHEED MARTIN CORPORATION | USAspending’, 5 June 2019. Available at: IDV to LOCKHEED MARTIN CORPORATION | USAspending (Accessed 9 December 2024);

Contracts for April 16, 2019 (2019) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024).

[v] Losey, Stephen, ‘Northrop, Lockheed, Raytheon team up on Navy’s E-XX ‘doomsday’ plane’, DefenseNews, 3 April 2023. Available at: Northrop, Lockheed, Raytheon team up on Navy’s E-XX ‘doomsday’ plane (defensenews.com).

[vi] CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending, 1 June 2021. Available at: CONTRACT to LOCKHEED MARTIN CORP | USAspending (Accessed: 9 December 2024);
Contracts for April 13, 2023 (2023) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024).

[vii] Trident II D5 Fleet Ballistic Missile (no date) | Lockheed Martin. Available at: https://www.lockheedmartin.com/en-us/products/trident-ii-d5-fleet-ballistic-missile.html (Accessed: 29 January 2025).

[viii] CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending, 31 January 2020. Available at: CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending (Accessed: 9 December 2024); Contracts for January 31, 2020 (2020) U.S. Department of Defense. Available at: https://www.defense.gov/News/Contracts/Contract/Article/2071889// (Accessed: 9 December 2024);

CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending, 7 August 2020.  Available at: CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending (Accessed: 9 December 2024); Contracts for September 30, 2020 (2020) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024);

CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending, 10 August 2021.  Available at: CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending (Accessed: 9 December 2024); Contracts for August 10, 2021 (2021) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024);

CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending, 16 June 2021.  Available at: CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending (Accessed: 9 December 2024); Contracts for June 16, 2021 (2021) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024);

CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending, 18 August 2022.  Available at: CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending (Accessed: 9 December 2024); Contracts for August 18, 2022 (2022) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024);
CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending, 1 October 2022;  Available at: CONTRACT to LOCKHEED MARTIN CORP | USAspending (Accessed: 9 December 2024); Contracts for December 8, 2022 (2022) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024);
CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending, 5 September 2023.  Available at: CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending (Accessed: 9 December 2024); Contracts for September 6, 2023 (2023) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024);

Contracts for September 30, 2024 (2023) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024);

CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending, 1 April 2022;  Available at: CONTRACT to LOCKHEED MARTIN CORPORATION | USAspending (Accessed: 9 December 2024); Contracts for April 1, 2022 (2022) U.S. Department of Defense. Available at: > U.S. Department of Defense > Contract (Accessed: 9 December 2024).

Investments

Last updated: 2025-02-27 19:27:38

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