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 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Aeronautics | $7.06B 39.3% | $7.42B 40.9% | $6.95B 38.6% | $8.11B 40.4% |
| RMS | $4.33B 24.1% | $4.00B 22.0% | $3.99B 22.1% | $4.35B 21.7% |
| MFC | $3.37B 18.8% | $3.43B 18.9% | $3.65B 20.2% | $4.10B 20.4% |
| Space | $3.21B 17.8% | $3.31B 18.2% | $3.43B 19.0% | $3.50B 17.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Aeronautics | $720.0M 10.2% | -$98.0M -1.3% | $619.0M 8.9% | $760.0M 9.4% |
| RMS | $521.0M 12.0% | -$172.0M -4.3% | $423.0M 10.6% | $437.0M 10.0% |
| MFC | $465.0M 13.8% | $479.0M 14.0% | $500.0M 13.7% | $594.0M 14.5% |
| Space | $379.0M 11.8% | $362.0M 10.9% | $281.0M 8.2% | $371.0M 10.6% |
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 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| United States | $13.04B 72.6% | $13.24B 72.9% | $12.38B 68.7% | $14.19B 70.7% |
| Europe | $1.97B 11.0% | $2.09B 11.5% | $2.63B 14.6% | $2.80B 14.0% |
| Asia Pacific | $1.74B 9.7% | $1.86B 10.2% | $1.67B 9.3% | $1.98B 9.9% |
| Other | $506.0M 2.8% | $216.0M 1.2% | $554.0M 3.1% | $706.0M 3.5% |
| Middle East | $704.0M 3.9% | $757.0M 4.2% | $794.0M 4.4% | $384.0M 1.9% |
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 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Products | $14.94B 83.1% | $15.15B 83.4% | $14.83B 82.3% | $16.78B 83.7% |
| Services | $3.03B 16.9% | $3.01B 16.6% | $3.19B 17.7% | $3.28B 16.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Remaining performance obligations
Remaining performance obligations are the part of the business already sold but not yet delivered and therefore not yet booked as revenue. In subscription and project businesses it points the way earlier than revenue does.
| As of | Remaining performance obligations |
|---|---|
| Q2 2026 | $230.40B |
| Q1 2026 | $186.40B |
| Q4 2025 | $193.60B |
| Q3 2025 | $179.10B |
| Q2 2025 | $166.50B |
| Q1 2025 | $173.00B |
| Q4 2024 | $176.00B |
| Q3 2024 | $165.70B |
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.