Lockheed Martin Corporation

Lockheed Martin Corporation, doing business as Lockheed Martin Aerostructures, is a large aerospace and defense prime contractor that designs, manufactures, and sustains advanced targeting sensors, precision-guided missiles, and airborne combat systems for the U.S. Air Force, Army, Navy, and allied militaries. The company competes full-and-open across the federal defense industrial base without set-asides, operating as prime on 99 percent of recent awards and engaging minimal subcontractor labor on reported service contracts.

Lockheed Martin Aerostructures anchors its federal portfolio to four weapon systems: the Joint Air-to-Surface Standoff Missile (JASSM) and its Long Range Anti-Ship Missile (LRASM) derivative, the Sniper Advanced Targeting Pod (ATP) and related infrared sensor families (IRST, LANTIRN), the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) for Army helicopter platforms, and air-to-ground missile engineering services (Hellfire, JAGM). A $9.657 billion definitive contract awarded September 27, 2024, by Air Force Life Cycle Management Center at Eglin covers JASSM/LRASM large lot production through January 2033, with place of performance in Sand Lake, Florida. A $377.573 million cost-plus-fixed-fee definitive contract from Naval Air Systems Command (August 1, 2023) funds engineering services for air-to-ground missile systems including Hellfire and JAGM, extending through September 2027. A $233 million definitive contract from Naval Air Systems Command (September 30, 2025) covers IRST Block II production for the EA-18G Growler, completing September 2029. Recent delivery orders under parent indefinite delivery vehicles include a $118.015 million cost-plus-fixed-fee order for JASSM software production and maintenance (December 15, 2025, completion December 2026) and a $25.59 billion order for Sniper ATP/IRST/LANTIRN Foreign Military Sales sustainment (December 31, 2025, completion June 2030).

Customer concentration is extreme. The top five funding agencies account for 84 percent of combined potential value across the award portfolio. Air Force Life Cycle Management Center at Eglin dominates, with 320 awards totaling $68.7 billion—chiefly JASSM and LRASM production and development. Army Aviation and Missile Command follows with 464 awards valued at $48.05 billion, anchored by M-TADS/PNVS sustainment, Hellfire component procurement, and the Vehicle Battle Kinetics ground combat initiative. The divergence between award count and dollars reflects Army's pattern of smaller, frequent sustainment orders and the Air Force's pattern of larger acquisition buys. Remaining significant customers include Air Force Materiel Command ($6.21 billion across 283 awards), the broader Department of the Air Force ($2.92 billion across 364 awards), and Naval Air Systems Command ($2.86 billion across 83 awards).

The vendor holds eight active single-award and multiple-award indefinite delivery contracts. The centerpiece is a $15.15 billion IDC with Army Aviation and Missile Command through December 2041, issued September 29, 2025. A $999 million single-award IDC with Air Force Life Cycle Management Center (July 21, 2025, through July 20, 2030) funds JASSM and LRASM production and development. A $9 billion single-award IDC with Army Aviation and Missile Command (extended through December 7, 2041) supports advanced missile technologies and sustainment. A $185 million hybrid firm-fixed-price and cost-plus-fixed-fee IDC with the Department of the Army (through June 22, 2026) sustains the Vehicle Battle Kinetics program. Naval Air Warfare Center holds a $99.589 million single-award IDC through February 2030 for JASSM, LRASM, and JAGM development and technology insertion. A $42.558 million single-award IDC with Naval Air Warfare Center (through February 2027) covers IRST Block II test asset repair and diagnostics. A $111.7 million single-award IDC with Army Aviation and Missile Command (through December 2041) provides Hellfire missile component spares. A $10 million Basic Ordering Agreement with Naval Supply Systems Command (through April 2028) funds processor control systems, boresighting equipment, electronic housings, and turret assemblies.

Activity has remained stable year-over-year at 80–92 awards annually over the past five years, with 2026 showing only thirteen awards in the three months captured (data current as of April 2026). A recompete cliff looms: ninety-six awards with combined potential value of $9.09 billion complete within the next twenty-four months, exposing significant JASSM sustainment orders, Sniper ATP service contracts, and M-TADS/PNVS delivery orders to competitive repricing and potential loss.

On federal service contracts captured in the Service Contract Inventory above the $150,000 threshold, Lockheed Martin invoiced $157.1 million in FY2024 across 193 FTEs, up sharply from $21.1 million and 59.4 FTEs in FY2023 and $31.1 million and 99.2 FTEs in FY2022. The FY2024 surge reflects scaling of M-TADS/PNVS field service representative and Apache helicopter support work. Median government-paid rates on service contracts run around $222.60 per hour, with senior labor pricing through the 90th percentile reaching $723.45 per hour. Across SCI-reportable prime contracts, the vendor self-performed all reported contractor hours with no subcontractor labor reported, indicating the company builds its own delivery teams for federal service work.

The subcontractor footprint is minimal on reported service contracts but substantial on major system development. Named subcontractors on recent large awards include Williams International (JASSM propulsion), BAE Systems (JASSM electronics and RF systems), Parker Hannifin (control systems and actuators), L3Harris (electronics, fuzing, and ordnance systems), Optimax Systems and Luxium Solutions (optical components for targeting pods), DRS Network & Imaging Systems (TADS/PNVS refurbishment), and Excelitas Technologies (optical and detonator components). Primes Boeing, Booz Allen Hamilton, and Michigan Technological University engage Lockheed Martin as a subcontractor on F-15 continuous development, technology protection, and ground vehicle survivability efforts.

Federal grant activity is minimal; the source names a single sub-award to the Texas Institute for Electronics' Next-Generation Microelectronics Manufacturing Center (May 1, 2025) under an unstated grant program.

The top NAICS categories reflect the weapon-systems focus: Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (790 awards); Bare Printed Circuit Board Manufacturing (475 awards); Guided Missile and Space Vehicle Manufacturing (331 awards); Other Aircraft Parts and Auxiliary Equipment Manufacturing (235 awards); and Engineering Services (198 awards). Top PSC codes cluster around Aircraft Gunnery Fire Control Components (304 awards), Guided Missile Systems Complete (298 awards), and Electrical and Electronic Assemblies (251 awards).

Lockheed Martin Corporation (UEI ZFN2JJXBLZT3), headquartered in Bethesda, Maryland, is the parent entity. Lockheed Martin Aerostructures operates as a subsidiary, with the corporate structure also naming Lockheed Martin EPC LLC as a secondary subsidiary. The corporate hierarchy reflects a large, diversified defense prime with multiple operating divisions and strategic business units aligned to major customer accounts and weapon programs.