Lockheed Martin Corp — Federal Contractor Profile
Lockheed Martin: $142.36B in Federal Contracts, Dominant Player in Aerospace and Defense
Contractor Overview
Total Contract Value: $142,355,753,155,816 ($142.4T)
Total Awards: 37213
Company Profile
Lockheed Martin Corporation is a leading aerospace and defense contractor with a significant presence in federal government spending. The company specializes in a wide range of defense and security technologies, including aircraft, missiles, satellites, and cybersecurity solutions. With a total contract value of $142.36 billion and 37,213 contracts, Lockheed Martin is a major player in the defense industry, with an average contract size of $3.83 billion. The company's contracts are spread across various agencies, but there is no specific information on which agencies rely most on Lockheed Martin. The contractor has not won any recent contracts, and all of its contracts are competitive, with no sole-source awards. Lockheed Martin's track record includes numerous significant projects, such as the F-35 Lightning II fighter jet and the GPS III satellite constellation. The company's contract patterns reveal a strong focus on defense and security, with a diverse portfolio of clients. Compared to industry peers, Lockheed Martin is a dominant player in the aerospace and defense sector, with a strong competitive position and a history of successful performance. The outlook for Lockheed Martin is stable, with a continued focus on defense and security solutions.
Specializations
- Aerospace
- Missiles and Space Systems
- Cybersecurity
- Aviation
- Naval Systems
- Land Systems
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: expanding
Sole Source Rate: 0%
Recompete Rate: 90%
Competitive Position
Lockheed Martin is a dominant player in the aerospace and defense sector, with a strong competitive position. The company has a history of successful performance and a diverse portfolio of clients, which allows it to maintain a strong market presence. Lockheed Martin's competitive advantages include its extensive experience, technological expertise, and strong relationships with government agencies.
Value to Taxpayers
Lockheed Martin provides significant value to taxpayers through its expertise in defense and security technologies. The company's average contract size of $3.83 billion indicates that it is a major player in the federal contracting market. However, the lack of recent contracts and the absence of specific information on agency clients may raise concerns about the company's current performance and future prospects.
Agency Relationships
Lockheed Martin works with a diverse range of agencies, including the Department of Defense, NASA, and the Department of Homeland Security. The company's relationship with these agencies is crucial to its success, but there is no specific information on which agencies rely most on Lockheed Martin. The lack of information on agency concentration may indicate a moderate level of dependency risk.
Red Flags
- No recent contracts: This may indicate that Lockheed Martin is facing challenges in securing new business.
- No sole-source awards: This suggests that the company is not relying on sole-source contracts, which may be a positive sign but also indicates a lack of urgency in securing new contracts.
- Moderate agency concentration: This may indicate a moderate level of dependency risk, as the company relies on a diverse range of agencies.
- No specific information on agency clients: This lack of information may raise concerns about the company's current performance and future prospects.
Green Flags
- Diverse portfolio of clients: Lockheed Martin works with a wide range of agencies, which allows it to maintain a strong market presence.
- Strong competitive position: The company has a history of successful performance and a diverse portfolio of clients, which allows it to maintain a strong market presence.
- Significant contract value: Lockheed Martin's average contract size of $3.83 billion indicates that it is a major player in the federal contracting market.
Key Contracts
Lockheed Martin has secured numerous significant contracts, including the F-35 Lightning II fighter jet and the GPS III satellite constellation. The F-35 program is one of the largest and most complex defense projects in history, with a total contract value of over $400 billion. The GPS III program is a critical component of the U.S. military's navigation and positioning capabilities, with a total contract value of over $4 billion. These contracts reveal Lockheed Martin's capabilities in advanced aerospace and defense technologies, as well as its strong performance history. The company's focus on these high-value contracts indicates a strategic direction towards continued investment in defense and security solutions.
Frequently Asked Questions
What does LOCKHEED MARTIN CORP do for the federal government?
Lockheed Martin Corporation is a leading aerospace and defense contractor that specializes in a wide range of defense and security technologies, including aircraft, missiles, satellites, and cybersecurity solutions. The company provides mission support and advanced technologies to the U.S. military, intelligence agencies, and other government organizations. Its services include research and development, engineering, manufacturing, and maintenance of defense systems.
How much taxpayer money does LOCKHEED MARTIN CORP receive?
Lockheed Martin Corporation has received a total of $142.36 billion in federal contracts. The company's average contract size is $3.83 billion, indicating that it is a major player in the federal contracting market. However, the lack of recent contracts and the absence of specific information on agency clients may raise concerns about the company's current performance and future prospects.
Is LOCKHEED MARTIN CORP good value for taxpayer money?
Lockheed Martin provides significant value to taxpayers through its expertise in defense and security technologies. The company's average contract size of $3.83 billion indicates that it is a major player in the federal contracting market. However, the lack of recent contracts and the absence of specific information on agency clients may raise concerns about the company's current performance and future prospects. The company's track record includes numerous significant projects, such as the F-35 Lightning II fighter jet and the GPS III satellite constellation, which demonstrate its capabilities and performance.
How does LOCKHEED MARTIN CORP win its contracts?
Lockheed Martin wins its contracts through a combination of its extensive experience, technological expertise, and strong relationships with government agencies. The company's competitive position is strong, with a 100% competitive win rate and no sole-source awards. Lockheed Martin's track record includes numerous significant projects, such as the F-35 Lightning II fighter jet and the GPS III satellite constellation, which demonstrate its capabilities and performance.
What agencies use LOCKHEED MARTIN CORP most?
Lockheed Martin works with a diverse range of agencies, including the Department of Defense, NASA, and the Department of Homeland Security. The company's relationship with these agencies is crucial to its success, but there is no specific information on which agencies rely most on Lockheed Martin. The lack of information on agency concentration may indicate a moderate level of dependency risk.
What are the risks of relying on LOCKHEED MARTIN CORP?
The risks of relying on Lockheed Martin include the lack of recent contracts and the absence of specific information on agency clients. The company's focus on defense and security solutions may limit its ability to diversify its client base. The moderate agency concentration may indicate a moderate level of dependency risk, as the company relies on a diverse range of agencies. However, Lockheed Martin's strong competitive position and track record of successful performance may mitigate some of these risks.
How does LOCKHEED MARTIN CORP compare to similar contractors?
Compared to industry peers, Lockheed Martin is a dominant player in the aerospace and defense sector. The company has a strong competitive position and a diverse portfolio of clients, which allows it to maintain a strong market presence. Lockheed Martin's track record includes numerous significant projects, such as the F-35 Lightning II fighter jet and the GPS III satellite constellation, which demonstrate its capabilities and performance. However, the lack of recent contracts and the absence of specific information on agency clients may raise concerns about the company's current performance and future prospects.
Recent Federal Contracts
Lockheed Martin Corp has over 25 federal contracts on record. Below are the largest awards: