Lockheed Martin Corp

Lockheed Martin Missiles And Fire Control, a subsidiary of Lockheed Martin Corp, operates as a prime contractor on major defense acquisition programs in missile defense, space systems, and directed energy, competing on full-and-open basis without set-asides across a $56.74 billion portfolio of 307 recent awards spanning two decades. The business competes as prime on 98% of its awards and operates from Sunnyvale, California as the principal performer on THAAD (Terminal High Altitude Area Defense) system development and sustainment, Mobile User Objective System (MUOS) space segment engineering, and advanced tracking architecture prototyping for the Air Force under Other Transaction Agreements.

Customer concentration is heavily weighted to three defense agencies representing 85% of awards by count. The Missile Defense Agency leads with 116 awards valued at $22.24 billion combined potential value, anchored by a single-award Indefinite Delivery Contract valued at $7.29 billion awarded February 1, 2025, through January 31, 2035, which has issued 74 task orders worth $2.27 billion to date. The Department of Navy Strategic Systems Programs has placed 85 awards worth $8.35 billion, while the Department of Air Force Space Command Space and Missile Systems Center issued 27 awards that carry the largest dollar concentration at $22.57 billion combined potential value — a divergence driven by the Scale 4 (SLC-45) MUOS space sustainment suite of large delivery orders. The Air Force placed 23 additional awards valued at $2.05 billion, including two major Other Transaction Agreements: the Tranche 2 Tracking Layer ($894.3 million, awarded January 16, 2024, completion September 30, 2032) and Proliferated Warfighter Space Architecture Tranche 3 Tracking ($1.14 billion, awarded December 23, 2025, completion December 19, 2034), both designated Middle Tier Rapid Prototyping (MTRP) efforts under MTA acquisition authority.

Representative prime work across customer agencies illustrates the capability portfolio. On the MDA side, Lockheed Martin holds a $743.98 million delivery order for THAAD Evolutionary Development (awarded March 1, 2025, completion February 28, 2030), a $700.47 million delivery order for THAAD Heritage Seeker Phase II and THAAD Tactical Fusion Operations and Deployment Coordination obsolescence mitigation (awarded August 15, 2025, completion March 25, 2031), and a $441.24 million delivery order for THAAD software versions 4.1 and 5.0 development (awarded September 22, 2021, completion January 31, 2026), all cost-plus-fixed-fee under the parent IDC. For Navy, Lockheed Martin executes a $94.64 million fixed-price-incentive service life extension contract for MUOS payload processing and sustainment (awarded February 2, 2024, completion August 1, 2026), complemented by multiple delivery orders for MUOS space sustainment support ($49.5 million, awarded December 1, 2024), anomaly mitigation and life extension ($4.44 million, awarded December 1, 2024), and engineering support ($7.43 million, awarded September 30, 2024), all through November 30, 2029. On the Air Force side, beyond the two large OTA tracking-layer programs, Lockheed Martin delivered $8.6 million in Navy-funded development of the CUCKOO WASP ground-based electro-optical/infrared sensor system and processing software (awarded September 30, 2025, completion March 28, 2028). Federal grant work includes a $1.19 million Department of Army Basic Scientific Research cooperative agreement for "Requirement Designed Nanomaterial Architecture for Sensing, Communication, and Material" (awarded January 28, 2025, completion January 27, 2030) with sub-awards to Carnegie Mellon University, University of Arizona, and SETI Institute.

Activity has oscillated sharply, with seven awards in 2022, two in 2023, ten in 2024, seven in 2025, and two recorded in 2026 to date; this reflects the lumpiness of large OTA and IDC award cycles rather than steady-state volume decline. Seven awards with combined potential value of $1.09 billion face ultimate completion inside the next twenty-four months, creating recompete exposure on THAAD and MUOS programs in that window. The vendor's top parent vehicles carry asymmetric task-order density: the Missile Defense Agency IDC HQ014712D0001 anchors 74 task orders worth $2.27 billion, while Navy BOA N0003011G0049 shows 11 task orders at $49.5 million, and Air Force IDC F4260001D0013 lists nine task orders without disclosed ceiling. NAICS coding spans Research and Development in the Social Sciences and Humanities (75 awards), Guided Missile and Space Vehicle Manufacturing (59 awards), and Engineering Services (42 awards), with PSC codes dominated by National Defense R&D Services administrative and experimental development activities.

Service Contract Inventory data captures $126.1 million in SCI-reportable invoiced revenue across prime records in FY2022–FY2024 ($69.5 million in FY2022 across 80.1 FTEs, $7.7 million in FY2023 across 9.5 FTEs, $48.9 million in FY2024 across 84.2 FTEs), with government-paid median hourly rates around $353/hr and 90th percentile around $414/hr. SCI data represents only federal service contracts above the $150,000 threshold and excludes the bulk of Lockheed Martin's goods, development, and classified work; it is a strict subset of the division's federal revenue and a smaller subset of total Lockheed Martin enterprise revenue. Across SCI-reportable prime contracts, subcontractors account for roughly 4% of total contractor hours, with eight named subs reported — Creare LLC, Leonardo Electronics US Inc., Lawrence Livermore National Security LLC, Seakr Engineering LLC, Flight Microwave Corporation, Honeywell LIMITED (COM Dev Space), General Dynamics Mission Systems Inc., and Savid LLC — indicating that Lockheed Martin builds most of its own delivery teams on federal service work. On contract and grant sub-awards, Lockheed Martin serves as a named subcontractor to the University of Southern California on Quantum Benchmarking Phase 2 work (three awards in FY2024 across the BeQuEST program) and to the University of Arizona on laser powder bed fusion microstructural defect prediction (one award in FY2024).