Lockheed Martin Corporation (LMT) |
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Lockheed Martin's Customers Performance
LMT
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LMT's Source of Revenues |
Lockheed Martin's Customers have recorded an advance in their cost of revenue by 3.03 % in the 1 quarter 2022 year on year, sequentially costs of revenue were trimmed by -4.85 %, for the same period Lockheed Martin Corporation revnue deteriorated by -7.96 % year on year, sequentially revnue fell by -15.6 %.
• List of LMT Customers
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Lockheed Martin's Customers have recorded an advance in their cost of revenue by 3.03 % in the 1 quarter 2022 year on year, sequentially costs of revenue were trimmed by -4.85 %, for the same period Lockheed Martin Corporation revnue deteriorated by -7.96 % year on year, sequentially revnue fell by -15.6 %.
• List of LMT Customers
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Customers Net Income fell in Q1 by |
Customers Net margin fell to % |
-28.95 % |
5.64 % |
Lockheed Martin's Comment on Sales, Marketing and Customers
Our business is heavily regulated. We contract with numerous U.S. Government
agencies and entities, including all branches of the U.S. military, the Departments
of Defense, Homeland Security, Justice, Commerce, Health and Human Services,
Transportation, and Energy, the U.S. Postal Service, the Social Security Administration,
the Federal Aviation Administration, NASA, and the U.S. Environmental Protection
Agency. Similar government authorities exist in other countries and regulate
our international efforts.
We must comply with and are affected by laws and regulations relating to the
formation, administration, and performance of U.S. Government and other contracts.
These laws and regulations, among other things:
require certification and disclosure of all cost or pricing data in connection
with certain types of contract negotiations;
impose specific and unique cost accounting practices that may differ from U.S.
generally accepted accounting principles;
impose acquisition regulations, which may change or be replaced over time, that
define allowable and unallowable costs and otherwise govern our right to reimbursement
under certain cost-based U.S. Government contracts;
require specific security controls to protect DoD controlled unclassified technical
information and restrict the use and dissemination of information classified
for national security purposes and the export of certain products, services,
and technical data; and
require the review and approval of contractor business systems, defined in the
regulations as: (i) Accounting System; (ii) Estimating System; (iii) Earned
Value Management System, for managing cost and schedule performance on certain
complex programs; (iv) Purchasing System; (v) Material Management and Accounting
System, for planning, controlling, and accounting for the acquisition, use,
issuing, and disposition of material; and (vi) Property Management System.
The U.S. Government may terminate any of our government contracts and subcontracts
either at its convenience or for default based on our performance. If a contract
is terminated for convenience, we generally would be protected by provisions
covering reimbursement for costs incurred on the contract and profit on those
costs. If a contract is terminated for default, we generally would be entitled
to payments for our work that has been accepted by the U.S. Government, however,
the U.S. Government could make claims to reduce the contract value or recover
its procurement costs and could assess other special penalties. For more information
regarding the U.S. Government’s right to terminate our contracts, see
Item 1A – Risk Factors. For more information regarding government contracting
laws and regulations, see Item 1A - Risk Factors as well as “Critical
Accounting Policies – Contract Accounting / Sales Recognition” in
Management’s Discussion and Analysis of Financial Condition and Results
of Operations.
A portion of our business is classified by the U.S. Government and cannot be
specifically described. The operating results of these classified programs are
included in our consolidated financial statements. The business risks associated
with classified programs historically have not differed materially from those
of our other U.S. Government programs. The internal controls addressing the
financial reporting of classified programs are consistent with the internal
control practices for non-classified contracts.
Lockheed Martin's Comment on Sales, Marketing and Customers
Our business is heavily regulated. We contract with numerous U.S. Government
agencies and entities, including all branches of the U.S. military, the Departments
of Defense, Homeland Security, Justice, Commerce, Health and Human Services,
Transportation, and Energy, the U.S. Postal Service, the Social Security Administration,
the Federal Aviation Administration, NASA, and the U.S. Environmental Protection
Agency. Similar government authorities exist in other countries and regulate
our international efforts.
We must comply with and are affected by laws and regulations relating to the
formation, administration, and performance of U.S. Government and other contracts.
These laws and regulations, among other things:
require certification and disclosure of all cost or pricing data in connection
with certain types of contract negotiations;
impose specific and unique cost accounting practices that may differ from U.S.
generally accepted accounting principles;
impose acquisition regulations, which may change or be replaced over time, that
define allowable and unallowable costs and otherwise govern our right to reimbursement
under certain cost-based U.S. Government contracts;
require specific security controls to protect DoD controlled unclassified technical
information and restrict the use and dissemination of information classified
for national security purposes and the export of certain products, services,
and technical data; and
require the review and approval of contractor business systems, defined in the
regulations as: (i) Accounting System; (ii) Estimating System; (iii) Earned
Value Management System, for managing cost and schedule performance on certain
complex programs; (iv) Purchasing System; (v) Material Management and Accounting
System, for planning, controlling, and accounting for the acquisition, use,
issuing, and disposition of material; and (vi) Property Management System.
The U.S. Government may terminate any of our government contracts and subcontracts
either at its convenience or for default based on our performance. If a contract
is terminated for convenience, we generally would be protected by provisions
covering reimbursement for costs incurred on the contract and profit on those
costs. If a contract is terminated for default, we generally would be entitled
to payments for our work that has been accepted by the U.S. Government, however,
the U.S. Government could make claims to reduce the contract value or recover
its procurement costs and could assess other special penalties. For more information
regarding the U.S. Government’s right to terminate our contracts, see
Item 1A – Risk Factors. For more information regarding government contracting
laws and regulations, see Item 1A - Risk Factors as well as “Critical
Accounting Policies – Contract Accounting / Sales Recognition” in
Management’s Discussion and Analysis of Financial Condition and Results
of Operations.
A portion of our business is classified by the U.S. Government and cannot be
specifically described. The operating results of these classified programs are
included in our consolidated financial statements. The business risks associated
with classified programs historically have not differed materially from those
of our other U.S. Government programs. The internal controls addressing the
financial reporting of classified programs are consistent with the internal
control practices for non-classified contracts.
LMT's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Lockheed Martin Corporation |
112,763.40 |
65,750.00 |
6,211.00 |
114,000 |
Loral Space and Communications Inc |
1,284.34 |
0.00 |
116.70 |
21 |
Aar Corp |
1,478.21 |
2,308.60 |
68.80 |
4,850 |
Comtech Telecommunications Corp |
258.12 |
505.07 |
-25.53 |
1,852 |
Edify Acquisition Corp |
270.76 |
0.00 |
9.20 |
1,000 |
Kvh Industries Inc |
158.85 |
170.57 |
-10.43 |
604 |
Cyalume Technologies Holdings, Inc. |
24.38 |
43.26 |
1.76 |
462 |
General Dynamics Corporation |
62,184.25 |
38,472.00 |
3,279.00 |
100,700 |
Orbital Atk, Inc. |
7,801.00 |
4,991.00 |
345.00 |
12,300 |
Oshkosh Corporation |
5,933.90 |
8,106.50 |
401.10 |
13,300 |
Sifco Industries Inc |
19.37 |
93.46 |
-2.30 |
465 |
Air Industries Group |
20.46 |
57.29 |
1.75 |
379 |
Air Methods Corp |
0.00 |
0.00 |
0.00 |
4,303 |
Aerojet Rocketdyne Holdings Inc |
3,444.01 |
2,203.00 |
153.40 |
4,965 |
American Superconductor Corp |
144.62 |
108.44 |
-19.19 |
354 |
Arotech Corp |
79.51 |
91.25 |
-0.63 |
523 |
Astronics Corporation |
333.67 |
455.23 |
-16.77 |
2,000 |
Aerovironment Inc |
2,060.03 |
475.41 |
-4.57 |
663 |
Boeing Co |
83,750.03 |
61,060.00 |
-4,971.00 |
141,000 |
Be Aerospace Inc |
6,704.88 |
3,483.70 |
365.60 |
10,057 |
Ball Corp |
22,647.90 |
14,402.00 |
1,125.00 |
18,300 |
Clearday Inc. |
16.51 |
0.00 |
-21.99 |
0 |
Rockwell Collins Inc |
23,426.74 |
8,665.00 |
1,032.00 |
19,500 |
Crane Co |
5,129.94 |
3,147.60 |
432.00 |
0 |
Cpi Aerostructures Inc. |
28.71 |
102.43 |
6.22 |
281 |
Ducommun Incorporated |
538.73 |
651.74 |
136.94 |
3,150 |
Dish Network Corporation |
11,997.46 |
17,680.14 |
2,371.83 |
16,000 |
Elbit Systems Ltd |
9,097.36 |
5,278.52 |
274.66 |
11,851 |
Eaton Corporation Plc |
52,969.29 |
20,558.00 |
2,220.00 |
95,250 |
Panacea Life Sciences Holdings Inc |
1.20 |
2.53 |
-2.56 |
0 |
Flir Systems Inc |
7,603.05 |
1,940.08 |
235.97 |
4,265 |
Gilat Satellite Networks Ltd |
346.87 |
214.97 |
-3.03 |
1,041 |
Huntington Ingalls Industries Inc |
8,613.60 |
9,822.00 |
536.00 |
42,000 |
Honeywell International Inc |
124,477.24 |
34,314.00 |
5,296.00 |
105,500 |
Iec Electronics Corp |
169.49 |
188.66 |
4.14 |
565 |
Inpixon |
18.70 |
18.27 |
-69.15 |
0 |
Iteris inc. |
132.75 |
133.57 |
-7.08 |
0 |
Itt Inc |
5,926.51 |
2,792.80 |
309.80 |
9,400 |
Kratos Defense and Security Solutions inc |
1,789.04 |
813.50 |
-19.40 |
3,600 |
Leidos Holdings Inc |
14,219.80 |
13,916.00 |
731.00 |
34,000 |
Jx Luxventure Ltd |
6.65 |
59.00 |
-37.22 |
48,000 |
Lmi Aerospace Inc |
184.85 |
340.33 |
-41.61 |
1,970 |
Northrop Grumman Corp |
72,615.42 |
35,307.00 |
5,765.00 |
97,000 |
Orbit International Corp |
0.00 |
0.00 |
0.00 |
122 |
Osi Systems inc |
1,503.49 |
1,178.61 |
107.48 |
0 |
Phi Inc |
19.94 |
661.87 |
-184.76 |
2,802 |
Plexus Corp |
2,302.59 |
3,363.80 |
111.24 |
16,000 |
Passur Aerospace Inc. |
1.54 |
5.85 |
-1.80 |
37 |
Rada Electronic Industries Ltd |
562.37 |
117.24 |
25.07 |
93 |
Raven Industries Inc |
2,090.89 |
437.77 |
41.32 |
941 |
Richardson Electronics Ltd |
186.42 |
213.46 |
11.53 |
373 |
Raytheon Company |
32,665.15 |
29,176.00 |
3,329.00 |
61,000 |
Raytheon Technologies Corporation |
141,823.33 |
64,853.00 |
4,425.00 |
181,000 |
Sai.tech Global Corporation |
5.35 |
0.00 |
-2.55 |
0 |
Science applications International corporation |
5,341.45 |
7,234.00 |
225.00 |
13,000 |
Smtc Corporation |
170.40 |
386.45 |
-0.58 |
1,171 |
Sparton Corp. |
182.04 |
378.91 |
-7.77 |
1,531 |
Technical Communications Corp |
2.47 |
2.07 |
-1.55 |
23 |
Trans-pacific Aerospace Company, Inc. |
0.01 |
0.00 |
-2.34 |
7 |
Textron Inc |
13,295.07 |
12,504.00 |
578.00 |
35,000 |
Uas Drone Corp |
10.27 |
0.00 |
-1.51 |
0 |
Viavi Solutions Inc |
3,234.69 |
1,268.00 |
20.50 |
3,500 |
Viasat Inc. |
2,344.89 |
2,787.64 |
-2.48 |
5,200 |
The Manitowoc Company Inc |
378.42 |
1,824.90 |
17.20 |
12,300 |
SUBTOTAL |
744,028.98 |
419,366.47 |
28,652.42 |
1,145,571 |
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