Lockheed Martin Corporation

LMT

US5398301094

Aerospace & Defense

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Jan. 24	Ukraine-related demand sends US arms exports to record in 2024	RE
Jan. 24	US lawmakers find UAE provides weapons to Sudan RSF; UAE denies this	RE

Lockheed Martin: $8 million for partnerships in Norway

December 10, 2024 at 10:36 am EST

Lockheed Martin announces partnerships with five Norwegian companies to develop innovative technologies for aviation and defense.

Worth a total of $8 million over 24 months, these collaborations include AI-assisted maintenance solutions, sensors for simulators, collaborative management platforms, drones with interchangeable propellers, and ice protection systems for aircraft.

Lockheed Martin reports that its investments with Norwegian companies strengthen its global supply chain and will contribute to the security and prosperity of Norway, the United States and their allies.

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Latest news about Lockheed Martin Corporation

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Chart Lockheed Martin Corporation

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Company Profile

Lockheed Martin Corporation specializes in the design, manufacturing and marketing of aeronautic, submarine, and aerospace systems. Net sales break down by activity as follows: - sale of aeronautic systems (40.7%): military and civilian aircraft, primarily for government organizations; - sale of helicopters, mission and electronic systems (24%): military and commercial helicopters, ships, sea and land-based missile defense systems, radars, sensors, sea and air-based mission and combat systems, training systems, cyber solutions, command, control and communication systems, surveillance and reconnaissance systems, simulation and training systems, etc.; - sales of aerospace systems (18.7%): satellite systems, missile systems and space transport systems; - sale of air defense and fire control systems (16.6%): air and missile defense systems, tactical missiles, precision strike weapons systems, fire control systems, etc. The group also offers support services for mission operations, preparation, technical support, integration services, etc. Net sales break down by source of income into sales of products (83.3%) and services (16.7%). Net sales are distributed geographically as follows: the United States (74.3%), Europe (9.5%), Asia/Pacific (8.3%), Middle East (5.8%) and other (2.1%).

Employees

122,000

Sector

Aerospace & Defense

Calendar

2025-01-28 - Q4 2024 Earnings Release

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