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Lockheed Martin Corporation  (LMT)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods

Lockheed Martin's

Competitiveness


 

LMT Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Lockheed Martin reported Revenue decrease in the 4 quarter 2023 year on year by -0.62 %, despite the revenue increase by the most of its competitors of 5.19 %, recorded in the same quarter.

List of LMT Competitors

With a net margin of 9.89 % Lockheed Martin achieved higher profitability than its competitors.

More on LMT Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Lockheed Martin CorporationNet Income in the 4 quarter 2023 fell year on year by -2.41%, while most of its competitors have experienced a contraction in net income by -21.35 %.

<<  LMT Stock Performance Comparisons


Lockheed Martin's Comment on Competitors and Industry Peers


Our broad portfolio of products and services competes both domestically and internationally against the products and services of other large aerospace, defense, and information technology companies, as well as numerous smaller competitors, particularly in certain of our services businesses. We often form teams with other companies that are competitors in other efforts to provide customers with the best mix of capabilities to address specific requirements. In some areas of our business, customer requirements are changing to encourage expanded competition, such as information technology contracts where there may be a wide range of small to large contractors bidding on procurements. Principal factors of competition include the value of our products and services to the customer; technical and management capability; the ability to develop and implement complex, integrated system architectures; financing and total cost of ownership; our demonstrated ability to execute and perform against contract requirements; and our ability to provide timely solutions.

The competition for international sales is subject to additional U.S. Government stipulations (e.g., export restrictions, market access, technology transfer, industrial cooperation, and contracting practices). We may compete against domestic and foreign companies (or teams) for contract awards by international governments. International competitions also may be subject to different laws or contracting practices of international governments that may affect how we structure our bid for the procurement. In many international procurements, the purchasing government’s relationship with the U.S. and its industrial cooperation programs are also important factors in determining the outcome of a competition. It is common for international customers to require contractors to comply with their industrial cooperation regulations, sometimes referred to as offset requirements, and we have undertaken foreign offset agreements as part of securing some international business.





  

Overall company Market Share Q4 2023

Overall company, revenue fell by -0.62 % and company lost market share, to approximately 20.17 %.




<<  More on LMT Market Share.
 
*Market share is calculated based on total revenue.





Who are Lockheed Martin Corporation's Competitors?




Boeing Co
Share Performance



-12.41%
30 Days



Boeing Co
Profile

Boeing is an aerospace company that designs, manufactures, and sells commercial airplanes, defense and space systems, and related services.

More about Boeing Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 108,884.054 mill. $ 77,794.000 mill. $ -2,242.000 mill.


Ball Corp
Share Performance



+3.35%
30 Days



Ball Corp
Profile

Ball Corp is a multinational packaging company that operates in two segments: packaging solutions and aerospace. Their business model revolves around providing sustainable packaging solutions and manufacturing aerospace systems and components, catering to various industries such as food, beverages, household products, and defense.

More about Ball Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 20,315.946 mill. $ 14,029.000 mill. $ 711.000 mill.


Northrop Grumman Corp
Share Performance



+2.92%
One Year



Northrop Grumman Corp
Profile

Northrop Grumman Corp is a global aerospace and defense company that operates through multiple segments, including Aerospace Systems, Mission Systems, and Technology Services. The company focuses on designing, developing, and delivering a wide range of innovative technologies and solutions to customers in the defense, intelligence, and commercial sectors. Through collaboration and expertise in advanced technologies, Northrop Grumman aims to provide cutting-edge capabilities for a safer and more secure world.

More about Northrop Grumman Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 70,264.142 mill. $ 39,290.000 mill. $ 2,056.000 mill.


Passur Aerospace Inc.
Share Performance



0.00%
30 Days



Passur Aerospace Inc.
Profile

Passur Aerospace Inc. operates as an aviation intelligence company, providing a range of solutions and services to enhance efficiency and decision-making in the aviation industry. Their business model revolves around leveraging real-time data and advanced analytics to improve air traffic management, flight operations, and airport performance for customers.

More about Passur Aerospace Inc.'s Market Share

Market Cap. Revenues TTM Net Income TTM
$ 0.077 mill. $ 5.828 mill. $ -3.221 mill.


Bk Technologies Corporation
Share Performance



+0.51%
This Quarter



Bk Technologies Corporation
Profile

provides two-way radio communications equipment of high quality and reliability

More about Bk Technologies Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 175,431.459 mill. $ 74.094 mill. $ -2.230 mill.


Cpi Aerostructures Inc
Share Performance



-7.64%
30 Days



Cpi Aerostructures Inc
Profile

Cpi Aerostructures Inc's business model revolves around manufacturing and supplying a wide range of structural aircraft components and systems to both commercial and defense customers.

More about Cpi Aerostructures Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 32.495 mill. $ 85.405 mill. $ 9.275 mill.


Ducommun Incorporated
Share Performance



-3.85%
This Year



Ducommun Incorporated
Profile

Ducommun Incorporated operates as a global provider of engineering and manufacturing services to various industries, offering a range of products such as electronic assemblies, structural and precision machined components, and subsystems.


More about Ducommun Incorporated's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 702.089 mill. $ 756.187 mill. $ 15.928 mill.


Elbit Systems Ltd
Share Performance



+15.83%
One Year



Elbit Systems Ltd
Profile

Elbit Systems Ltd is a defense technology company that focuses on the development and manufacturing of a wide range of defense systems and solutions.

More about Elbit Systems Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 8,920.658 mill. $ 5,511.549 mill. $ 275.469 mill.


Panacea Life Sciences Holdings Inc
Share Performance



0.00%
Over The Past 5 Days



Panacea Life Sciences Holdings Inc
Profile

Panacea Life Sciences Holdings Inc is a biotechnology company that focuses on researching, developing, and manufacturing various CBD-based products for the healthcare and wellness market. They utilize scientific expertise to produce and distribute a wide range of CBD-infused products, including oils, topicals, and supplements.

More about Panacea Life Sciences Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1.346 mill. $ 1.749 mill. $ -7.511 mill.


General Dynamics Corporation
Share Performance



+7.35%
This Year



General Dynamics Corporation
Profile

General Dynamics Corporation's business model revolves around being a leading global aerospace and defense company. It focuses on providing technologically advanced products, services, and solutions to customers in the defense, government, and commercial sectors. The company's business model includes various segments such as aviation, land systems, shipbuilding, and mission systems, with a strong emphasis on innovation and customer satisfaction.

More about General Dynamics Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 76,559.401 mill. $ 42,272.000 mill. $ 3,315.000 mill.


Honeywell International Inc
Share Performance



-1.19%
Over The Past 5 Days



Honeywell International Inc
Profile

Honeywell International Inc operates as a diversified technology and manufacturing company. Through its various business segments, it designs, produces, and sells a wide range of products and solutions across industries such as aerospace, building technologies, performance materials, and safety and productivity solutions. The company focuses on delivering innovative solutions to its customers, providing long-term value, and driving sustainable growth.

More about Honeywell International Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 131,436.609 mill. $ 36,662.000 mill. $ 5,672.000 mill.


Kratos Defense and Security Solutions inc
Share Performance



-5.73%
Over The Past 5 Days



Kratos Defense and Security Solutions inc
Profile

Kratos Defense and Security Solutions Inc operates as a technology and defense company, providing solutions for national security and technology-related challenges. Their business model focuses on developing and delivering advanced products, systems, and services across various sectors, including defense, aerospace, cyberspace, and more.

More about Kratos Defense and Security Solutions inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,174.143 mill. $ 1,036.600 mill. $ 2.400 mill.


Osi Systems inc
Share Performance



+1.04%
Over The Past 5 Days



Osi Systems inc
Profile

OSI Systems Inc is a diversified company engaged in providing security solutions, healthcare systems, and optoelectronic technologies. They generate revenue by offering services and products such as screening and inspection systems, patient monitoring systems, and fiber optic sensors. The company's business model centers around delivering innovative and reliable solutions to various sectors, ensuring safety, efficiency, and enhanced capabilities.

More about Osi Systems inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,261.371 mill. $ 1,364.888 mill. $ 113.621 mill.


Plexus Corp
Share Performance



-3.91%
One Year



Plexus Corp
Profile

Plexus Corp operates as an electronic manufacturing services (EMS) company. Their business model revolves around providing design, manufacturing, and aftermarket services for various industries including healthcare, aerospace, defense, and technology. They collaborate with their customers to develop and deliver innovative solutions, helping them bring their products to market efficiently and effectively.

More about Plexus Corp 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,570.473 mill. $ 4,098.495 mill. $ 126.119 mill.


Richardson Electronics Ltd
Share Performance



-59.56%
One Year



Richardson Electronics Ltd
Profile

Richardson Electronics Ltd operates as a global provider of engineered solutions, power grid and microwave tubes, and customized display solutions. They leverage partnerships with leading manufacturers to offer a wide range of products and services to various industries, including healthcare, aviation, industrial, and telecommunications.

More about Richardson Electronics Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 105.328 mill. $ 247.365 mill. $ 17.236 mill.


Sai tech Global Corporation
Share Performance



+25.74%
Over The Past 5 Days



Sai tech Global Corporation
Profile

Sai Tech Global Corporation operates under a business model focused on providing IT solutions and services to a diverse range of clients. The company offers comprehensive technology solutions, including software development, system integration, and IT consulting, tailored to meet the specific needs and objectives of each client. Leveraging their expertise and experience in the industry, Sai Tech Global Corporation aims to deliver innovative and reliable IT solutions that drive business growth and efficiency.

More about Sai tech Global Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 24.415 mill. $ 10.638 mill. $ -8.845 mill.


Sifco Industries Inc
Share Performance



-12.29%
30 Days



Sifco Industries Inc
Profile

Sifco Industries Inc operates as a global supplier of selective electroplating and anodizing services, providing solutions for the aerospace, energy, oil and gas, and general industry sectors. The company utilizes specialized methods to enhance existing parts, restore components, and improve corrosion resistance, offering a cost-effective and efficient alternative to traditional plating processes.

More about Sifco Industries Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 18.285 mill. $ 85.967 mill. $ -9.525 mill.


Technical Communications Corporation
Share Performance



0.00%
One Year



Technical Communications Corporation
Profile

Technical Communications Corporation operates by developing and selling secure communication systems and encryption devices to government agencies, military organizations, and corporations for safeguarding sensitive information. The company's business model revolves around providing reliable and advanced solutions for secure communication needs to its target customer base.

More about Technical Communications Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 0.649 mill. $ 0.378 mill. $ -2.291 mill.


Textron Inc
Share Performance



+38.49%
One Year



Textron Inc
Profile

Textron Inc operates on a diversified business model, primarily focusing on five segments: Bell, Textron Systems, Industrial, Textron Aviation, and Finance. The company provides a wide range of products and services, including aerospace and defense technologies, specialized vehicles, and financial services, catering to various industries and markets around the world.

More about Textron Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 18,807.789 mill. $ 13,683.000 mill. $ 921.000 mill.


Uas Drone Corp
Share Performance



-22.34%
One Year



Uas Drone Corp
Profile

Uas Drone Corp is a business that offers unmanned aerial systems (UAS) for various applications, providing customers with drone solutions and services. They likely generate revenue by selling drones, offering maintenance and support services, and potentially providing specialized training or consulting.

More about Uas Drone Corp 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4.703 mill. $ - mill. $ -0.719 mill.


American Superconductor Corp
Share Performance



+29.61%
This Year



American Superconductor Corp
Profile

American Superconductor Corp's business model revolves around designing and manufacturing advanced electrical systems and components, with a specific focus on superconducting materials and technologies. The company aims to provide innovative solutions for various industries including power generation, transmission, and distribution, as well as wind energy.

More about American Superconductor Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 408.743 mill. $ 125.369 mill. $ -19.113 mill.


Aerovironment Inc
Share Performance



-7.06%
Over The Past 5 Days



Aerovironment Inc
Profile

Aerovironment Inc operates as a technology solutions provider, specializing in the design, development, production, and support of unmanned aircraft systems and electrification products. They offer products and services to various industries including defense, agriculture, energy, and transportation.

More about Aerovironment Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,005.781 mill. $ 577.989 mill. $ 32.430 mill.


Bwx Technologies Inc
Share Performance



+14.60%
30 Days



Bwx Technologies Inc
Profile

Bwx Technologies Inc operates as a specialty nuclear components supplier and a service provider for the United States government. The company offers a range of products and services in the areas of nuclear power generation, nuclear waste management, and nuclear defense programs, catering to both commercial and government customers.

More about Bwx Technologies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 9,123.016 mill. $ 2,496.309 mill. $ 246.321 mill.


Clearday Inc
Share Performance



0.00%
Over The Past 5 Days



Clearday Inc
Profile

ClearDay Inc's business model focuses on providing high-quality and innovative products or services to meet the needs of its customers, while aiming to generate revenue and achieve profitability through strategic partnerships and effective marketing strategies.

More about Clearday Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7.046 mill. $ 7.543 mill. $ -16.712 mill.


Iteris inc
Share Performance



+5.73%
One Year



Iteris inc
Profile

Iteris Inc is a leading provider of intelligent transportation systems and solutions aimed at optimizing mobility and improving traffic safety. Their business model revolves around offering a comprehensive portfolio of software, hardware, and consulting services to help governments and transportation agencies enhance their infrastructure planning and management. By leveraging cutting-edge technology and data analytics, Iteris enables its customers to make informed decisions to improve transportation efficiency and promote sustainability.

More about Iteris inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 210.163 mill. $ 170.056 mill. $ 2.487 mill.


Leidos Holdings Inc
Share Performance



+16.99%
This Year



Leidos Holdings Inc
Profile

Leidos Holdings Inc operates as a technology company that provides scientific, engineering, and technical solutions to customers in the defense, intelligence, civil, and health markets. Their business model revolves around leveraging their expertise and resources to deliver innovative solutions and services that address complex challenges faced by their clients. They focus on building long-term partnerships and delivering superior value through their diverse capabilities and global presence.

More about Leidos Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 17,460.868 mill. $ 15,438.000 mill. $ 208.000 mill.


Science applications International corporation
Share Performance



-9.42%
Over The Past 5 Days



Science applications International corporation
Profile

Science Applications International Corporation (SAIC) operates under a diversified business model with a focus on providing technology integration and engineering solutions to government and commercial clients. SAIC offers a wide range of services including system design, software development, cybersecurity, and data analytics, catering to the unique needs of its clients. By leveraging cutting-edge technologies and expertise, SAIC strives to deliver innovative solutions that address complex challenges across various sectors.

More about Science applications International corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,784.773 mill. $ 7,365.000 mill. $ 489.000 mill.


Astronics Corporation
Share Performance



+13.36%
This Quarter



Astronics Corporation
Profile

Astronics Corporation operates as a supplier of advanced technologies and products to the aerospace, defense, and semiconductor industries. The company primarily focuses on providing solutions related to power generation and distribution, lighting and safety systems, avionics, and test systems to its customers.

More about Astronics Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 587.745 mill. $ 650.672 mill. $ -40.176 mill.


Dish Network Corporation
Share Performance



+58.52%
30 Days



Dish Network Corporation
Profile

Dish Network Corporation operates as a satellite television provider, offering a wide range of TV programming and services to customers across the United States. The company generates revenue through subscriptions to their various TV packages, as well as additional services such as premium channels and DVR capabilities. Dish Network's business model primarily revolves around providing high-quality entertainment solutions to their customer base through satellite technology.

More about Dish Network Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,081.376 mill. $ 15,616.448 mill. $ 1,303.292 mill.


Eaton Corporation Plc
Share Performance



+25.05%
This Year



Eaton Corporation Plc
Profile

Eaton Corporation Plc operates as a diversified power management company. The company provides electrical products, systems, and services for power distribution and control, lighting and security, and structural solutions. Eaton serves various industries including electrical, aerospace, hydraulics, and vehicle sectors, focusing on delivering efficient and sustainable solutions to its customers globally.

More about Eaton Corporation Plc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 119,872.506 mill. $ 23,196.000 mill. $ 3,223.000 mill.


Itt Inc
Share Performance



+1.25%
30 Days



Itt Inc
Profile

ITT Inc. operates as a global diversified industrial company that aims to provide highly engineered products and services to various industries, including aerospace, defense, energy, and transportation. The company focuses on developing innovative solutions and building partnerships with customers to create long-term value.

More about Itt Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,467.750 mill. $ 3,283.000 mill. $ 413.800 mill.


Oshkosh Corporation
Share Performance



+4.28%
30 Days



Oshkosh Corporation
Profile

Oshkosh Corporation operates as a diversified industrial company that designs and manufactures highly specialized vehicles, equipment, and technology solutions for various industries worldwide. It primarily generates revenue through the sale and distribution of its products and services to customers in the defense, fire and emergency, access equipment, and commercial segments.

More about Oshkosh Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,582.399 mill. $ 9,393.900 mill. $ 522.300 mill.


Raven Industries Inc
Share Performance



+0.26%
Over The Past 5 Days



Raven Industries Inc
Profile

Raven Industries Inc operates on a business model that focuses on developing and manufacturing high-performance, technology-enabled solutions in the areas of precision agriculture, high-altitude balloons, and engineered films. They aim to solve customer challenges through innovation, delivering value-added products and services to their target markets. By leveraging their expertise in these diverse sectors, Raven Industries strives to maintain a competitive edge and drive growth for the company.

More about Raven Industries Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,090.886 mill. $ 437.767 mill. $ 41.318 mill.


Sigma Additive Solutions Inc
Share Performance



+35.62%
This Quarter



Sigma Additive Solutions Inc
Profile

Sigma Additive Solutions Inc's business model involves providing innovative additive manufacturing solutions to clients.

More about Sigma Additive Solutions Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2.235 mill. $ 0.569 mill. $ -7.298 mill.


Viavi Solutions Inc
Share Performance



-1.50%
This Year



Viavi Solutions Inc
Profile

Viavi Solutions Inc operates as a provider of network testing, monitoring, and assurance solutions for telecommunications service providers, enterprises, and government entities. The company offers a range of products and services that help ensure the efficiency, performance, and security of network infrastructures.

More about Viavi Solutions Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,203.710 mill. $ 1,006.400 mill. $ -29.100 mill.


Viasat Inc
Share Performance



-26.48%
This Quarter



Viasat Inc
Profile

Viasat Inc operates as a global communications company, providing satellite-based internet services, secure networking solutions, and defense technologies to government and commercial customers. Its business model revolves around delivering high-speed internet connectivity and innovative technologies to customers worldwide, enabling them to stay connected and access vital information regardless of their location.

More about Viasat Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,178.012 mill. $ 3,226.458 mill. $ 316.678 mill.



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