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Lockheed Martin LMT

Industrial & DefenseMarket cap $130B19 connections

Lockheed Martin is the world's largest defense contractor, making the F-35 stealth fighter (1,000+ delivered, 3,000+ on order), Sikorsky Black Hawk helicopters, Trident II nuclear missiles, and space systems. The F-35 program generates $10B+ annually over its 50-year lifecycle. NATO allies and US partners globally are replacing aging fleets with F-35s - Lockheed's order book extends through 2040.

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Suppliers 16

Companies that sell to Lockheed Martin

  • MicrosoftTechnology · $2.8TAzure government/military cloud
  • RTX (Raytheon)Industrial & Defense · $145BPratt & Whitney engines for F-35
  • Parker HannifinIndustrial & Defense · $75BParker flight controls on Lockheed platforms
  • TransDigmIndustrial & Defense · $65BMission-critical F-35 components
  • PalantirTechnology · $60BPalantir AI for Lockheed defense
  • L3Harris TechnologiesIndustrial & Defense · $40BCommunications systems for F-35
  • AMETEKIndustrial & Defense · $40BPrecision instruments for Lockheed programs
  • PPG IndustriesChemicals · $30BStealth-compatible coatings for F-35 aircraft
  • AnsysTechnology · $28BAnsys simulation for Lockheed F-35 design
  • LeidosIndustrial & Defense · $22BLeidos IT services for Lockheed defense programs
  • Reliance SteelMaterials & Mining · $18BReliance provides titanium and aluminum to Lockheed
  • Moog IncIndustrial & Defense · $5BMoog missile guidance and F-35 actuator systems
  • HexcelChemicals · $5BHexcel F-35 composite airframe structures
  • Kratos DefenseIndustrial & Defense · $4BKratos drones integrated into Lockheed programs
  • AeroVironmentIndustrial & Defense · $4BAeroVironment drones carried on Lockheed platforms
  • MP MaterialsMaterials & Mining · $3BRare earth magnets for Lockheed F-35 actuators

Partners 5

Strategic partnerships, joint products and alliances

  • MicrosoftTechnology · $2.8TLockheed using Azure classified cloud for F-35 logistics and sustainment
  • General DynamicsIndustrial & Defense · $80BCompeting prime defense contractors
  • Northrop GrummanIndustrial & Defense · $70BB-21 Raider bomber subcontractor
  • LeidosIndustrial & Defense · $22BDefense IT systems
  • Huntington IngallsIndustrial & Defense · $11BNaval defense systems

Key relationships in depth

Lockheed Martin & Microsoft

Microsoft provides Lockheed Martin with Azure Government and Azure for Defense cloud platforms, including AI-enhanced military simulation, digital engineering, and logistics optimization tools. Microsoft's HoloLens mixed reality headsets are integrated into Lockheed's F-35 maintenance and pilot training programs. The two companies also jointly develop solutions for the US Department of Defense's Joint Warfighting Cloud Capability (JWCC).

Why it matters: Lockheed Martin's defense programs generate $75B in annual revenue (2025) across aircraft, missiles, and space systems. Modernizing these programs with AI-driven design, predictive maintenance, and logistics requires cloud computing that meets DoD IL5/IL6 security requirements. Azure's FedRAMP High and DoD Impact Level certifications make it uniquely positioned for classified defense workloads.

Lockheed Martin & RTX (Raytheon)

Lockheed Martin and RTX (Raytheon) are the two largest US defense contractors by revenue, competing directly for missile systems, electronic warfare, and military sensor contracts while also collaborating as prime contractor (Lockheed) and sub-supplier (RTX) on major platforms. RTX's Raytheon division supplies Lockheed with Patriot missile components integrated into Lockheed air defense systems.

Why it matters: US defense spending exceeds $900B annually, creating massive contract competition. Lockheed's $194B backlog includes programs where RTX is both a competitor on standalone contracts and an enabling supplier. The F-35 program (Lockheed-led) uses RTX avionics and electronics, making them simultaneously rivals and partners.

Lockheed Martin & Northrop Grumman

Northrop Grumman and Lockheed Martin are both major US defense prime contractors that frequently bid against each other for large government programs while also serving as each other's subcontractors on complex weapons systems. Northrop supplies advanced radar systems (AN/APY-9 for Lockheed's E-2D) and electronic warfare components integrated into Lockheed platforms. Both companies are key partners on NASA's Artemis program, with Northrop providing SLS solid rocket boosters and Lockheed building the Orion crew capsule.

Why it matters: The defense industrial base requires collaboration even among competitors because no single company possesses all required capabilities for modern weapons systems. The F-35 program led by Lockheed relies on Northrop Grumman for the center fuselage and distributed aperture system. These subcontracting relationships create substantial revenue streams even between direct competitors bidding on the same prime contracts.

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Relationships are compiled by VexMap from company filings, announcements and reporting, and last reviewed September 2026. Spotted something wrong? Tell us. Not investment advice.