Lockheed Martin Statistics 2026: Revenue, Backlog, Workforce, and Programs

Lockheed Martin statistics: what the 2024 numbers show

Lockheed Martin’s 2024 figures show a company that is still scaling a very large defense portfolio while also carrying a heavy mix of backlog, classified-program pressure, and long-cycle production demand.

The headline numbers are strong: $71.0 billion in 2024 net sales, $5.3 billion in net earnings, and a record $176.0 billion backlog (Lockheed Martin 2024 financial results).

At a glance
Revenue and earnings
Business segment mix
Backlog and cash flow
Workforce and supplier footprint
Benefits, training, and workforce profile
Sustainability and emissions
Programs and production rates

At a glance

Fast facts from the 2024 dataset:

$71.0 billion in net sales, up 5% year over year (Lockheed Martin 2024 financial results).
$5.3 billion in net earnings for 2024 (Lockheed Martin About Us).
$5.3 billion in free cash flow and $7.0 billion in cash from operations (Lockheed Martin 2024 financial results).
$6.8 billion returned to shareholders in 2024 (Lockheed Martin 2024 financial results).
$176.0 billion backlog at year-end, a record (Lockheed Martin 2024 financial results).
About 121,000 employees worldwide and over 350 facilities across 53 countries (Lockheed Martin About Us).
13,181 suppliers in 2024, with more than 12,200 in the U.S. (Lockheed Martin Economic and Workforce Impact).

Key takeaways

The company’s scale is not just about annual sales; the backlog suggests a large future workload already in hand.
The segment mix remains broad, with Aeronautics, Rotary and Mission Systems, Missiles and Fire Control, and Space each contributing substantial annual sales.
The 2024 story combines production volume, supply-chain depth, and sustainability reporting in a single operating picture.

Revenue and earnings

Lockheed Martin reported $71.0 billion in 2024 net sales (Lockheed Martin 2024 financial results). That figure was 5% higher than the prior year, which matters because the base is already enormous. A 5% increase on this kind of revenue base represents a large dollar expansion in annual business activity.

The fourth quarter also remained significant on its own. Fourth-quarter 2024 net sales were $18.6 billion, compared with $18.9 billion in the fourth quarter of 2023 (Lockheed Martin 2024 financial results). The year still finished with strong scale, but the quarter-to-quarter comparison shows that timing and mix still matter inside a very large annual number.

Profitability was solid in the full year but clearly affected by specific program-related charges.

2024 net earnings were $5.3 billion (Lockheed Martin About Us).
Fourth-quarter 2024 net earnings were $527 million (Lockheed Martin 2024 financial results).
Full-year 2024 earnings per share were $22.31 (Lockheed Martin 2024 financial results).
Fourth-quarter 2024 earnings per share were $2.22 (Lockheed Martin 2024 financial results).

Why the earnings picture looks uneven

The dataset points to large pre-tax losses tied to classified programs:

$1.7 billion in pre-tax losses in the fourth quarter (Lockheed Martin 2024 financial results).
$2.0 billion in pre-tax losses for full-year 2024 (Lockheed Martin 2024 financial results).
Those losses reduced fourth-quarter EPS by $5.45 and full-year EPS by $6.16 (Lockheed Martin 2024 financial results).

That matters because it changes how you read the headline earnings numbers. The company was still profitable, but the underlying run rate was clearly influenced by a few large items rather than by a smooth quarterly pattern.

Cash generation still stands out

For a capital-intensive defense company, cash is often the better lens than reported earnings alone. On that measure, the 2024 dataset is strong:

Cash from operations was $7.0 billion (Lockheed Martin 2024 financial results).
Free cash flow was $5.3 billion (Lockheed Martin 2024 financial results).
The company returned $6.8 billion of cash to shareholders during 2024 (Lockheed Martin 2024 financial results).
It also invested over $3 billion in research and development plus capital investment (Lockheed Martin 2024 financial results).
A $990 million pension contribution was made in 2024 (Lockheed Martin 2024 financial results).

Put simply, the company is producing enough cash to support operations, capital needs, and shareholder returns at the same time.

Business segment mix

Lockheed Martin’s segment sales show how diversified the business remains inside its defense and aerospace portfolio.

Business area	2024 sales	Source label
Aeronautics	approximately $28.6 billion	Lockheed Martin About Us
Missiles and Fire Control	approximately $12.6 billion	Lockheed Martin About Us
Rotary and Mission Systems	approximately $17.2 billion	Lockheed Martin About Us
Space	approximately $12.4 billion	Lockheed Martin About Us

What the mix suggests

Aeronautics is the largest segment by a clear margin, but the other three areas are still material. That matters because the company is not relying on a single line of business to carry the overall result.

A few useful observations from the 2024 sales mix:

Aeronautics alone is larger than the combined sales of Missiles and Fire Control plus Space.
Rotary and Mission Systems is close in scale to Missiles and Fire Control, which indicates a meaningful middle tier of revenue contributors.
Space is still a major business on its own, not a side segment.

Big number

$28.6 billion in Aeronautics sales is the anchor point for the segment picture (Lockheed Martin About Us). Even so, the other segments together contribute more than enough scale to make the company’s revenue base broadly distributed.

Backlog and cash flow

The most important forward-looking figure in the dataset is the backlog.

Year-end backlog reached a record $176.0 billion in 2024 (Lockheed Martin 2024 financial results).

That single number is crucial because it shows how much demand was already committed at year-end. In a business where production cycles are long and program timing can stretch over years, backlog is often one of the best clues to future workload.

Why backlog matters here

It creates visibility for future production planning.
It helps explain why large industrial defense businesses can stay busy even when quarterly sales move around.
It supports the idea that 2024 was not just a revenue year but also a pipeline-building year.

The cash data lines up with that same theme:

$7.0 billion in cash from operations (Lockheed Martin 2024 financial results).
$5.3 billion in free cash flow (Lockheed Martin 2024 financial results).
$6.8 billion returned to shareholders (Lockheed Martin 2024 financial results).

The combination of backlog and cash flow is one of the strongest signals in the dataset. Backlog shows demand already on the books; cash flow shows the business can turn that demand into financial output.

Workforce and supplier footprint

Lockheed Martin’s scale is not limited to revenue. The company also operates a large physical and supplier footprint.

Workforce snapshot

About 121,000 people worldwide were employed by the company (Lockheed Martin About Us).
It had over 350 facilities worldwide (Lockheed Martin About Us).
The company operated in 53 countries (Lockheed Martin About Us).
About 93% of employees were U.S.-based (Lockheed Martin About Us).

Supplier footprint snapshot

Lockheed Martin had 13,181 suppliers in 2024 (Lockheed Martin Economic and Workforce Impact).
More than 12,200 of those suppliers were in the U.S. (Lockheed Martin Economic and Workforce Impact).
932 suppliers were outside the U.S. (Lockheed Martin Economic and Workforce Impact).
About 93% of suppliers were U.S.-based (Lockheed Martin About Us).
The company committed $36 billion to suppliers across every U.S. state and 53 countries (Lockheed Martin Economic and Workforce Impact).
It awarded $6.9 billion to more than 7,100 small business suppliers in 2024 (Lockheed Martin Economic and Workforce Impact).
It supports more than 70 work-based learning programs (Lockheed Martin Economic and Workforce Impact).

Why the supplier base matters

A defense company’s supplier network is part of its operating capacity. With more than 13,000 suppliers, the company is managing a web of parts, services, engineering input, and logistics relationships that directly affect delivery schedules.

That scale also helps explain why the business can support major programs across multiple product areas at once.

Benefits, training, and workforce profile

The dataset gives a useful snapshot of employee support and development as well.

Employee benefits

The company invested over $1 billion in its U.S. benefits program in 2024 (Lockheed Martin Employee Benefits).
More than 8,000 employees received flu vaccinations on site in 2024 (Lockheed Martin Employee Benefits).
The flu program ran across 91 events at 52 sites (Lockheed Martin Employee Benefits).
More than 40 employee health presentations were delivered in 2024 (Lockheed Martin Employee Benefits).
Lockheed Martin provides up to 4 weeks of paid parental leave (Lockheed Martin Employee Benefits).
Its maternity leave package can total 10 to 12 weeks when short-term disability and paid parental leave are combined (Lockheed Martin Employee Benefits).

Training and review structure

100% of employees received regular performance reviews in 2024 (Lockheed Martin 2024 Sustainability Performance Report).
Average training hours per employee were 25.0 in 2024 (Lockheed Martin 2024 Sustainability Performance Report).
Employees devoted 0.2 hours per employee to human-rights policy training in 2024 (Lockheed Martin 2024 Sustainability Performance Report).
100% of employees were trained in human-rights policies or procedures in 2024 (Lockheed Martin 2024 Sustainability Performance Report).

Workforce composition

The 2024 sustainability data also gives a breakdown of the workforce:

Women represented 25.6% of the workforce (Lockheed Martin 2024 Sustainability Performance Report).
Men represented 74.4% of the workforce (Lockheed Martin 2024 Sustainability Performance Report).
People of color represented 23.1% of the workforce (Lockheed Martin 2024 Sustainability Performance Report).
Veterans represented 23.8% of the workforce (Lockheed Martin 2024 Sustainability Performance Report).
Persons with disabilities represented 15.4% of the workforce (Lockheed Martin 2024 Sustainability Performance Report).

These figures are useful because they show how the company describes its workforce across several categories, not just by headcount.

Sustainability and emissions

Lockheed Martin’s sustainability figures are detailed enough to show both operational footprint and progress against goals.

Emissions overview

Total direct GHG emissions were 294,431 MT CO2e in 2024 (Lockheed Martin 2024 Sustainability Performance Report).
Gross location-based indirect GHG emissions were 526,282 MT CO2e (Lockheed Martin 2024 Sustainability Performance Report).
Gross market-based indirect GHG emissions were 365,395 MT CO2e (Lockheed Martin 2024 Sustainability Performance Report).
Scope 3 emissions totaled 19,954,439 MT CO2e (Lockheed Martin 2024 Sustainability Performance Report).

Scope 3 detail

Several Scope 3 categories stand out because they are much larger than the direct operational totals:

Purchased goods and services emissions: 4,968,229 MT CO2e (Lockheed Martin 2024 Sustainability Performance Report).
Capital goods emissions: 551,596 MT CO2e (Lockheed Martin 2024 Sustainability Performance Report).
Business travel emissions: 81,151 MT CO2e (Lockheed Martin 2024 Sustainability Performance Report).
Employee commuting emissions: 264,408 MT CO2e (Lockheed Martin 2024 Sustainability Performance Report).
Use-of-sold-products emissions: 13,973,831 MT CO2e (Lockheed Martin 2024 Sustainability Performance Report).

That last line is especially important. Use-of-sold-products emissions dominate the Scope 3 total, which is a reminder that for a defense manufacturer, downstream product use can dwarf internal facility emissions.

Energy and renewables

Scope 2 total energy consumption was 1,588,904 MWh in 2024 (Lockheed Martin 2024 Sustainability Performance Report).
Scope 2 electricity use was 1,550,380 MWh (Lockheed Martin 2024 Sustainability Performance Report).
Renewable electricity totaled 462,946 MWh in 2024 (Lockheed Martin 2024 Sustainability Performance Report).
Renewable electricity represented 30% of total electricity consumption (Lockheed Martin 2024 Sustainability Performance Report).

The renewable mix is also broken out in the dataset:

36% came from renewable energy certificates.
13% came from on-site solar.
20% came from solar PPAs.
13% came from green tariffs.
18% came from large hydro.

All of those values are from the Lockheed Martin 2024 Sustainability Performance Report.

Waste profile

The waste data shows the scale of material handling across operations:

Total waste generated was 54,128,738 lbs. in 2024 (Lockheed Martin 2024 Sustainability Performance Report).
29% of total waste went to landfill (Lockheed Martin 2024 Sustainability Performance Report).
52% of total waste was recycled (Lockheed Martin 2024 Sustainability Performance Report).
Hazardous waste generated totaled 5,230,369 lbs. (Lockheed Martin 2024 Sustainability Performance Report).

Goals and progress

The company also reports progress against longer-term targets:

The 2030 Scope 1 and 2 goal is a 36% reduction from a 2020 baseline (Lockheed Martin Emissions Management).
The 2030 renewable-electricity goal is 40% of electricity used across global operations (Lockheed Martin Emissions Management).
The 2024 progress toward the Scope 1 and 2 reduction goal was 16% (Lockheed Martin 2024 Sustainability Performance Report).
The 2024 progress toward the renewable-electricity goal was 25% (Lockheed Martin 2024 Sustainability Performance Report).

Programs and production rates

A major defense company is ultimately judged by what it can deliver. The program data in this dataset shows several important production signals.

F-35 deliveries and backlog

Lockheed Martin delivered 110 F-35 aircraft in 2024 (Lockheed Martin F-35 2024 Deliveries).
The global F-35 fleet exceeded 1,100 aircraft after those 2024 deliveries (Lockheed Martin F-35 2024 Deliveries).
From program inception through December 31, 2024, the company had delivered 1,102 production F-35 aircraft (Lockheed Martin 2024 Annual Report).
The F-35 backlog was 408 aircraft as of December 31, 2024 (Lockheed Martin 2024 Annual Report).
Lockheed Martin delivered 106 TR-3 configured F-35 aircraft in 2024 (Lockheed Martin 2024 Annual Report).
It delivered 4 TR-2 configured F-35 aircraft in 2024 (Lockheed Martin 2024 Annual Report).
The Lot 18 F-35 Air Vehicle Production Contract covered 145 aircraft (Lockheed Martin 2024 Annual Report).

Missile production scale

The missile lines in the dataset show a second production story alongside aircraft:

HIMARS production capacity increased from 48 per year to 60 per year (Lockheed Martin Ramping Up).
HIMARS was on track for 96 per year capacity by the end of 2024 (Lockheed Martin Ramping Up).
Javelin production capacity increased to 2,400 units per year (Lockheed Martin Ramping Up).
Lockheed Martin said it would deliver more than 10,000 GMLRS in 2024 (Lockheed Martin Ramping Up).
The Army awarded the Javelin Joint Venture a $1.3 billion follow-on production contract in 2024 (Lockheed Martin Javelin contract).
Lockheed Martin said it produced and delivered more than 500 PAC-3 MSE missiles in 2024 (Lockheed Martin PAC-3 MSE record year).

The pattern is clear: Lockheed Martin is not just a services or research company. The 2024 figures show a major manufacturing base with delivery targets, capacity expansion, and contract volume all moving together.

What stands out across the program data

F-35 deliveries remain a central output metric.
Missile capacity expansion suggests the company is preparing for sustained demand.
The combination of large backlog and rising production capacity points to a business that is organized for long-cycle delivery rather than short-term spikes.