Lockheed Martin Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Lockheed Martin Corporation (LMT). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Aeronautics | $26.27B 40.2% | $26.75B 39.9% · +1.8% | $26.99B 40.9% · +0.9% | $27.47B 40.7% · +1.8% | $28.62B 40.3% · +4.2% | $30.26B 40.3% · +5.7% |
| RMS | $16.00B 24.5% | $16.79B 25.0% · +5.0% | $16.15B 24.5% · -3.8% | $16.24B 24.0% · +0.6% | $17.26B 24.3% · +6.3% | $17.31B 23.1% · +0.3% |
| MFC | $11.26B 17.2% | $11.69B 17.4% · +3.9% | $11.32B 17.2% · -3.2% | $11.25B 16.7% · -0.6% | $12.68B 17.9% · +12.7% | $14.45B 19.3% · +13.9% |
| Space | $11.88B 18.2% | $11.81B 17.6% · -0.6% | $11.53B 17.5% · -2.4% | $12.61B 18.7% · +9.3% | $12.48B 17.6% · -1.0% | $13.03B 17.4% · +4.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Aeronautics | $2.84B 10.8% | $2.80B 10.5% | $2.87B 10.6% | $2.83B 10.3% | $2.52B 8.8% | $2.09B 6.9% |
| RMS | $1.62B 10.1% | $2.03B 12.1% | $1.91B 11.8% | $1.87B 11.5% | $1.92B 11.1% | $1.32B 7.6% |
| MFC | $1.55B 13.7% | $1.65B 14.1% | $1.64B 14.5% | $1.54B 13.7% | $413.0M 3.3% | $1.99B 13.8% |
| Space | $1.15B 9.7% | – | – | $1.16B 9.2% | $1.23B 9.8% | $1.35B 10.3% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $49.01B 74.9% | $48.61B 72.5% · -0.8% | $49.05B 74.3% · +0.9% | $49.93B 73.9% · +1.8% | $52.53B 73.9% · +5.2% | $53.71B 71.6% · +2.2% |
| Europe | $6.33B 9.7% | $6.76B 10.1% · +6.7% | $6.27B 9.5% · -7.3% | $7.01B 10.4% · +11.9% | $7.72B 10.9% · +10.1% | $8.81B 11.7% · +14.1% |
| Asia Pacific | $5.18B 7.9% | $6.11B 9.1% · +18.0% | $5.48B 8.3% · -10.3% | $5.85B 8.7% · +6.8% | $6.24B 8.8% · +6.7% | $7.82B 10.4% · +25.2% |
| Middle East | $3.94B 6.0% | $4.25B 6.3% · +7.9% | $3.80B 5.8% · -10.7% | $3.55B 5.3% · -6.4% | $3.08B 4.3% · -13.5% | $2.86B 3.8% · -6.9% |
| Other | $936.0M 1.4% | $1.32B 2.0% · +40.8% | $1.39B 2.1% · +5.4% | $1.23B 1.8% · -11.6% | $1.48B 2.1% · +20.8% | $1.86B 2.5% · +25.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Products | $54.93B 84.0% | $56.44B 84.2% · +2.7% | $55.47B 84.1% · -1.7% | $56.27B 83.3% · +1.4% | $59.28B 83.4% · +5.4% | $62.65B 83.5% · +5.7% |
| Services | $10.47B 16.0% | $10.61B 15.8% · +1.3% | $10.52B 15.9% · -0.9% | $11.31B 16.7% · +7.5% | $11.77B 16.6% · +4.1% | $12.39B 16.5% · +5.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.