Lockheed Martin Corporation

Lockheed Martin Corporation, operating through its subsidiary Lockheed Martin Aerostructures, designs, manufactures, and sustains advanced targeting sensors, precision-guided missiles, and airborne combat systems for the U.S. Department of Defense and foreign military sales customers as a full-and-open prime contractor (99% of recent awards), with no SBA set-asides and a portfolio anchored to Air Force and Army programs worth roughly $154.86 billion in combined potential value across 3,357 awards.

Lockheed Martin Aerostructures' capability portfolio centers on four anchor programs: the Joint Air-to-Surface Standoff Missile (JASSM) family—a long-range, air-launched cruise missile in baseline, Extended Range, and Long Range Anti-Ship Missile variants; the Sniper Advanced Targeting Pod (ATP) and related infrared sensor families (IRST, LANTIRN) for precision targeting and night operations across tactical aircraft; the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) for Army helicopter platforms; and associated sustainment, repair, and field service support. Recent representative work includes a $9.657 billion firm fixed-price definitive contract from Air Force Life Cycle Management Center at Eglin for JASSM and LRASM large-lot production through January 2033; a $499.738 million indefinite-delivery contract from Army Aviation and Missile Command for M-TADS/PNVS post-production support services through December 2031; a $249 million Naval Air Systems Command contract for IRST Block II production for the EA-18G Growler; and a $118 million JASSM software production and maintenance delivery order from AFLCMC Eglin. Work is performed at Sand Lake and Orlando, Florida, with subordinate locations at Warner Robins, Georgia, and Eglin Air Force Base, Florida.

Customer concentration sits with the Air Force and Army. The Department of the Air Force (all sub-offices combined) accounts for $49.06 billion across 368 awards; the Department of the Army (including Aviation and Missile Command) accounts for $48.93 billion across 465 awards—together representing roughly 78% of combined potential value. AFLCMC Eglin alone anchors $14.42 billion across 318 awards, driven by JASSM and related programs. This concentration reflects Lockheed Martin's role as the primary prime contractor for two Major Defense Acquisition Programs (JASSM and IRST) and the established supplier for targeting sensor and helicopter systems across the Army aviation fleet.

Lockheed Martin holds multiple large indefinite-delivery vehicles. The most substantial active IDCs include a $999 million single-award IDIQ with AFLCMC Eglin for JASSM and LRASM production and development (through July 2030), a $15.15 billion 16-year single-award IDIC with Army Aviation and Missile Command (subsumable against parent SPE4AX-22-D-9000, through December 2041), a $9 billion single-award IDIC with Army Aviation and Missile Command (through December 2041), a $499.738 million M-TADS/PNVS post-production support IDIC with Army Aviation and Missile Command (through December 2031), a $292.561 million Vehicle Base Kit (VBK) hybrid IDIQ with PEO Ground Combat Systems (through July 2026), and a $99.589 million single-award IDIQ with Naval Air Warfare Center for JASSM, LRASM, JAGM, Hellfire, and JSF technology development (through February 2030). Recent task-order activity across the Air Force and Army IDCs has remained steady, with 81 prime awards in 2025 and 34 as of mid-2026.

Activity has remained relatively stable year over year—awards per year ranged from 81 to 92 over the past five years—though 106 awards with ultimate completion dates in the next 24 months carry combined potential value of $8.33 billion, representing a material recompete exposure as existing contracts reach their end dates. This cadence reflects the mature, sustainment-focused nature of Lockheed Martin's portfolio; production quantities under the JASSM large-lot and M-TADS/PNVS programs are expected to sustain task order issuance through the next decade.

Lockheed Martin Aerostructures operates as a large prime with minimal subcontractor reliance on federal service contracts. SCI-reported invoicing across 47 federal service contracts (prime and sub) totaled $320.3 million across FY2022–FY2025, with FY2024 peak invoicing of $157.1 million across 193 FTEs and FY2025 at $111.1 million across 189 FTEs. Government-paid hourly rates on service contracts ranged from $3.73/hr (10th percentile) to $723.45/hr (90th percentile), with a median of $222.60/hr, reflecting a mix of field service representative labor (lower-paid) and senior engineering support (higher-paid). The vendor self-performs essentially all labor; average sub-hours share on prime contracts was 0 percent, with only one named subcontractor reported across the SCI dataset. On hardware and production contracts, Lockheed Martin engages a broad supply-chain ecosystem—recent awards name subcontractors including Williams International (propulsion components for JASSM), BAE Systems (electronics and RF systems), L3Harris (fuzing and ordnance systems), Parker Hannifin (control systems and actuators), Leonardo UK (electronic components), Excelitas Technologies (optical prism assemblies), DRS Network & Imaging Systems (thermal imaging), and dozens of specialized component suppliers across structures, avionics, power, thermal, and mechanical subsystems—but retains prime responsibility for integration, testing, and sustainment.

The company competes full-and-open on all listed awards with no set-aside categories, positioning it as a large, established defense prime. Named top NAICS categories include Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (799 awards); Bare Printed Circuit Board Manufacturing (475 awards); and Guided Missile and Space Vehicle Manufacturing (335 awards). PSC-code concentration centers on Aircraft Gunnery Fire Control Components (304 awards), Guided Missile Systems Complete (302 awards), and Electrical and Electronic Assemblies (251 awards)—a footprint consistent with targeting sensor, missile component, and avionics integration work. The vendor also maintains a small subcontractor position (43 of 3,357 awards, or 1 percent), delivering IRST components, infrared sensor technology, and systems engineering support to Boeing on multiple F-15 and IRST development efforts and serving as a sub-recipient on one grant under the Texas Institute for Electronics Next-Generation Microelectronics Manufacturing Center.

Lockheed Martin Corporation, the parent entity headquartered in Bethesda, Maryland, is a global aerospace, defense, and advanced technologies company. Lockheed Martin Aerostructures is structured as a subsidiary focused on advanced targeting sensors and precision-guided missile systems, operating within the parent's larger portfolio spanning aircraft platforms (F-35, C-130), space systems, and cybersecurity. The subsidiary's federal contract footprint reflects the parent company's strategic concentration in long-range strike, helicopter modernization, and naval air warfare capabilities—three domains where Lockheed Martin holds established prime contractor relationships worth tens of billions of dollars across current-generation and next-generation platforms.