Lockheed Martin Corporation

Lockheed Martin Corporation, a large defense manufacturer headquartered in Huntsville, Alabama, operates as a prime contractor (97% of recent awards) delivering defense R&D, systems engineering, missile and hypersonic technologies, and military training services to the Department of Defense and NASA. The company competes in full-and-open, unrestricted procurement—no small-business set-asides characterize its portfolio—and operates across a child-parent structure within the Lockheed Martin Corp family.

Lockheed Martin's capability footprint centers on advanced defense systems development and production. Representative work includes a $594.8 million definitive contract awarded by the Department of the Army in February 2023 for Guided Multiple Launch Rocket System (GMLRS)/GMLRS Alternative Warhead development, long-lead procurement, program management, and systems engineering on the M142 HIMARS and M270 MLRS platforms, performed in Huntsville through February 2028; an $8.7 million definitive contract with the Army Training and Doctrine Command for the Strategic Fires Institutional Training Base Training Directorate (awarded September 2024, running through September 2027) delivering curriculum development, instructor support, and training infrastructure for advanced artillery and missile systems; and a $2.3 million cost-plus-fixed-fee contract with the Army for Weather Analysis and Survivability Prediction services supporting hypersonic joint flight campaign testing at Redstone Arsenal (awarded April 2022, extended through December 2023). The company also operates as a subcontractor on specialized R&D: Lockheed Martin subcontracts to Sporian Microsystems on thermal protection material development for Terminal High Altitude Area Defense (THAAD) interceptors, to Battelle Memorial Institute on carbon/carbon structural materials and industrial base expansion efforts, to Advanced Technology International on thermal protection systems machining, and to Physical Sciences Inc. on reinforced carbon/silicon-carbide composites for hypersonic flight bodies.

Customer concentration is heavily skewed toward the Air Force. The Department of the Air Force Materiel Command Lifecycle Management Center Eglin Air Force Base anchors the dollar portfolio with 9 awards valued at $47.17 billion combined potential value, driven by Lockheed Martin's March 2025 award on the Eglin Wide Agile Acquisition Contract (EWAAC) On-Ramp IV multiple-award IDIQ with a $46 billion ceiling through September 2031. The Missile Defense Agency follows with 28 awards totaling $8.57 billion, including a landmark December 2025 award for the Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) IDIQ with a $151 billion ceiling and performance through December 2035. The Department of the Army accounts for 119 awards (the largest count by agency) but only $598.2 million combined potential value—many small Army awards pulled down by a few large vehicles. NASA rounds out the customer set with 40 awards. Eighty-three percent of recent awards concentrate in these top five customer lines.

Activity runs steady but modest by count—three to six awards per year over the past five years, with five awards recorded in 2025 year-to-date. The combined potential value of $56.35 billion is anchored almost entirely by two recent IDIQs: SHIELD ($151 billion) and EWAAC ($46 billion), which together represent $197 billion in ceiling authority but only $47.17 billion net when deduplicated against top customers. The gap between potential value ($56.35 billion) and obligated dollars ($6.4 billion, or 11%) reflects the nature of indefinite-delivery vehicles: ceiling values can be large, but actual spend depends on task order issuance. Four awards reach ultimate completion inside the next twenty-four months and face recompete, carrying combined potential value of $1.17 billion.

Lockheed Martin sits on five principal Army vehicles: Basic Ordering Agreement DAAH0180D0017 (39 task orders), Indefinite Delivery Contract DASG6098D0002 (13 task orders), Indefinite Delivery Contract DAAH0190DA007 (9 task orders), Indefinite Delivery Contract DASG6085C0122 (8 task orders), and Basic Ordering Agreement DAAH0183D0004 (7 task orders). The source does not detail scope across these vehicles; task order frequency suggests sustained Army R&D and development work.

SCI-reported service-contract activity is minimal in the source: two records (one prime, one sub) in FY2024 with zero invoiced amount, reflecting that Lockheed Martin's federal footprint is dominated by goods, R&D, and classified contracts above the SCI reporting threshold. The two records captured 4.6 FTEs.

Lockheed Martin subcontracts minimally (3% of awards as sub), selecting specialized technology partners—Battelle, Sporian Microsystems, Physical Sciences Inc., Advanced Technology International—rather than building broad subcontractor teams. The subcontract work runs narrow: advanced materials R&D, thermal protection systems, and composite development in support of hypersonic and missile defense prime work.