Lockheed Martin Corporation

Lockheed Martin Corporation, doing business as Lockheed Martin Aerostructures, designs and manufactures aircraft structures, aerostructures, and aerospace components as a prime contractor (98% of recent awards) on full-and-open, non-set-aside federal programs. The company operates as a subsidiary of Lockheed Martin Corp, a global aerospace and defense manufacturer headquartered in Bethesda, Maryland, with Lockheed Martin Aerostructures performing work from Palmdale, California. The parent holds federal contract vehicles and grant authority; the source identifies one named subsidiary, Deposition Sciences, Inc., a specialized materials and coatings manufacturer.

Lockheed Martin Aerostructures' customer base is heavily concentrated in Air Force programs. The Department of the Air Force accounts for 215 awards worth $92.48 billion in combined potential value — approximately 84% of the vendor's total portfolio across all agencies — with the Air Force Materiel Command's Warner Robins Air Logistics Complex (120 awards, $9.88 billion) and the Lifecycle Management Center at Robins Air Force Base (101 awards, $1.91 billion) representing the most active Air Force customer segments. The Defense Advanced Research Projects Agency ranks third by potential value with 46 awards worth $2.44 billion, focused on advanced aerospace technology development. Across 37 distinct customer agencies served, the top five customers account for 97% of combined potential value, indicating severe customer concentration in Air Force sustainment and modernization work.

The vendor's core capability portfolio centers on U-2 reconnaissance aircraft sustainment, modernization, and depot maintenance. A representative $1.75 billion single-award indefinite delivery contract with Warner Robins Air Logistics Complex (running through July 2027) anchors ongoing U-2 support and services, with multiple ordering periods funding programmed depot maintenance, avionics technology refresh, and aircraft induction operations. Recent delivery orders under this vehicle include a $199.99 million cost-no-fee order for FY24 U-2 sustainment (August 2024 award, completing September 2026), a $240.85 million cost-plus-fixed-fee order for FY23 U-2 support and sustainment programmed depot maintenance (April 2023 award), and a $79.29 million order for FY26 U-2 sustainment and support services (February 2026 award). Beyond U-2 work, the vendor delivers Next Generation Air Dominance (NGAD) prototyping and advanced aerospace systems research under a $975 million indefinite delivery contract with the Air Force's Aeronautical Systems Center (awarded June 2022, completing August 2032), with a $16.4 million delivery order for prototype development issued in August 2022. The vendor also holds a $200 million multiple-award Multidisciplinary, Aerodynamics, and Structures Technologies Research (MASTR) contract awarded April 2026 for advanced aerospace vehicle technology development. Naval aviation work includes a $2.84 million cost-plus-fixed-fee research and development contract with the Naval Air Warfare Center for advanced propulsion and power technology development, involving hydrogen fuel cell integration and advanced battery systems for experimental platforms. NASA work is represented by a $7.2 million delivery order for fabrication, integration, and modification of spare structural components and subsystems for the X-59 experimental aircraft (awarded September 2021 to Armstrong Flight Research Center). DARPA research awards total $2.44 billion across 46 prime contracts and include a $688.4 million definitive contract for a DARPA research project (October 2023, completing January 2027) and a $3.17 million contract for the Mosaic Warfare program (August 2021).

Vehicle position across the vendor's prime portfolio reflects concentration in Air Force indefinite delivery contracts. The Indefinite Delivery Contract FA852814D0015 carries 78 task orders worth $1.3 billion in combined potential value; FA852819D0015 carries 48 task orders worth $1.74 billion; and F3365798D0117 carries 50 task orders. The vendor holds an on-ramp position on the Eglin Wide Agile Acquisition Contract (EWAAC), a $46 billion multiple-award Air Force indefinite delivery/indefinite quantity vehicle for rapid prototyping and weapons development, with delivery orders including Advanced Radar Threat System Variant 3 work valued at $1.037 billion and completing May 2028.

Activity has declined in recent years — 18 prime awards in 2022, declining to 3 in 2025 and 3 year-to-date in 2026 — though the vendor carries a substantial combined potential value of $110.52 billion across 724 total awards (prime plus sub). Obligated dollars total $12.05 billion (11% of combined potential value), indicating a significant backlog. Within the next twenty-four months, twelve awards with combined potential value of $2.18 billion reach ultimate completion, creating recompete exposure and opportunity for competitor capture.

SCI-reported invoiced revenue on federal service contracts above the $150,000 threshold totaled $109.5 million across FY2022–FY2024, with $51.2 million invoiced in FY2022 across 98.8 FTEs and $58.3 million in FY2023 across 117 FTEs; no FY2024 SCI-reportable invoicing is recorded in the source. Government-paid hourly rates on SCI-captured work ran median $244.32 per hour, with rates spanning $240.40 at the 10th percentile to $248.23 at the 90th percentile, reflecting skilled aerospace technical labor. Across SCI-reportable prime contracts, the vendor self-performed 100% of labor with zero subcontractor hours reported, indicating a fully integrated delivery model rather than a subcontracting strategy.

As a subcontractor, Lockheed Martin Aerostructures performs specialized aerospace engineering and systems support under larger primes. Recent sub-awards include $2.84 million for advanced propulsion and power technology work under General Electric Company (May 2025 and April 2025 sub-awards), F119 engine sustainment support for RTX Corporation (March 2025), B-2 sustaining engineering and technical services under Northrop Grumman Systems Corp (January 2024), and energy storage systems and manufacturing technology work under The Boeing Company and Advanced Technology International. University of Dayton sub-awards focus on automation, robotics, and advanced manufacturing techniques for F-35 and aerospace platforms. This subcontract pattern shows the vendor functioning as a specialized aerospace systems and manufacturing integrator beneath larger defense primes on advanced platform development, materials research, and sustainment programs.

The category concentration across the award portfolio reflects the aerostructures mission: Aircraft Manufacturing (158 awards) and Other Aircraft Parts and Auxiliary Equipment Manufacturing (152 awards) dominate the NAICS distribution, with Research and Development in Physical, Engineering, and Life Sciences (65 awards) and Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (62 awards) supporting the technology development work. Top PSC codes are Airframe Structural Components (166 awards), Modification of Equipment — Communication, Detection, and Coherent Radiation Equipment (45 awards), and Professional Support services including Engineering/Technical work (78 combined awards), with R&D Defense Other applied research and exploratory development (34 awards).