Lockheed Martin Files 2024 10-K
Ticker: LMT · Form: 10-K · Filed: Jan 28, 2025 · CIK: 936468
| Field | Detail |
|---|---|
| Company | Lockheed Martin CORP (LMT) |
| Form Type | 10-K |
| Filed Date | Jan 28, 2025 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, aerospace, defense
Related Tickers: LMT
TL;DR
LM filed its 2024 10-K. Full financials and biz ops details are in.
AI Summary
Lockheed Martin Corporation filed its 2024 10-K on January 28, 2025, reporting on its fiscal year ending December 31, 2024. The company, headquartered in Bethesda, Maryland, operates in the Guided Missiles & Space Vehicles sector. The filing covers financial performance and business operations for the fiscal year 2024, with comparative data for 2023 and 2022.
Why It Matters
This 10-K filing provides a comprehensive overview of Lockheed Martin's financial health and strategic direction for the past fiscal year, impacting investors and stakeholders in the aerospace and defense industry.
Risk Assessment
Risk Level: low — This is a standard annual financial filing for a large, established public company.
Key Players & Entities
- Lockheed Martin Corp (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-01-28 (date) — Filing date
- Bethesda, MD (location) — Company headquarters
FAQ
What is Lockheed Martin Corporation's primary industry classification?
Lockheed Martin Corporation is classified under 'GUIDED MISSILES & SPACE VEHICLES & PARTS' with the SIC code 3760.
When did Lockheed Martin Corporation file its 2024 10-K report?
Lockheed Martin Corporation filed its 2024 10-K report on January 28, 2025.
What is the fiscal year end date for the period covered by this 10-K?
The fiscal year end date for the period covered by this 10-K is December 31, 2024.
Where is Lockheed Martin Corporation headquartered?
Lockheed Martin Corporation is headquartered in Bethesda, MD.
What SEC Act governs this filing?
This filing is made under the 1934 Act.
Filing Stats: 4,301 words · 17 min read · ~14 pages · Grade level 13.4 · Accepted 2025-01-28 16:12:50
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value LMT New York Stock Exchange
Filing Documents
- lmt-20241231.htm (10-K) — 2808KB
- ex1029q42024.htm (EX-10.29) — 10KB
- ex19q42024.htm (EX-19) — 59KB
- ex21q42024.htm (EX-21) — 12KB
- ex23q42024.htm (EX-23) — 5KB
- ex24q42024.htm (EX-24) — 37KB
- ex311q42024.htm (EX-31.1) — 12KB
- ex312q42024.htm (EX-31.2) — 10KB
- ex32q42024.htm (EX-32) — 5KB
- image_0a.jpg (GRAPHIC) — 16KB
- image_1a.jpg (GRAPHIC) — 0KB
- lmt-20241231_g1.jpg (GRAPHIC) — 178KB
- 0000936468-25-000009.txt ( ) — 15076KB
- lmt-20241231.xsd (EX-101.SCH) — 77KB
- lmt-20241231_cal.xml (EX-101.CAL) — 108KB
- lmt-20241231_def.xml (EX-101.DEF) — 418KB
- lmt-20241231_lab.xml (EX-101.LAB) — 944KB
- lmt-20241231_pre.xml (EX-101.PRE) — 679KB
- lmt-20241231_htm.xml (XML) — 2926KB
Risk Factors
ITEM 1A. Risk Factors 10
Unresolved Staff Comments
ITEM 1B. Unresolved Staff Comments 22
Cybersecurity
ITEM 1C. Cybersecurity 22
Properties
ITEM 2. Properties 24
Legal Proceedings
ITEM 3. Legal Proceedings 24
Mine Safety Disclosures
ITEM 4. Mine Safety Disclosures 24 Information about our Executive Officers 25 PART II
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 27
[Reserved]
ITEM 6. [Reserved] 28
Management's Discussion and Analysis of Financial Condition and Results of Operations
ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 29
Quantitative and Qualitative Disclosures About Market Risk
ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk 52
Financial Statements and Supplementary Data
ITEM 8. Financial Statements and Supplementary Data 53
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 98
Controls and Procedures
ITEM 9A. Controls and Procedures 98
Other Information
ITEM 9B. Other Information 100
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 100 PART III
Directors, Executive Officers and Corporate Governance
ITEM 10. Directors, Executive Officers and Corporate Governance 100
Executive Compensation
ITEM 11. Executive Compensation 100
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 101
Certain Relationships and Related Transactions, and Director Independence
ITEM 13. Certain Relationships and Related Transactions, and Director Independence 101
Principal Accounting Fees and Services
ITEM 14. Principal Accounting Fees and Services 101 PART IV
Exhibits and Financial Statement Schedules
ITEM 15. Exhibits and Financial Statement Schedules 102
Form 10-K Summary
ITEM 16. Form 10-K Summary 105
SIGNATURES
SIGNATURES 106 Table of Contents PART I
Business
ITEM 1. Business General We are a global aerospace and defense company principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. We also provide a broad range of management, engineering, technical, scientific, logistics, system integration and cybersecurity services. Our main areas of focus are in defense, space, intelligence, homeland security and information technology, including cybersecurity. We serve both U.S. and international customers with products and services that have defense, civil and commercial applications, with our principal customers being agencies of the U.S. Government. Our 21st Century Security vision is to accelerate the adoption of advanced networking and other leading-edge technologies into the American defense enterprise, while enhancing the performance and value of our platforms and products for our customers. The aim of 21st Century Security is to integrate and continuously upgrade new and existing systems across all domains with advanced, open-architecture networking and operational technologies that make defense forces more agile, adaptive and unpredictable, enabling overmatch and strengthening deterrence today and into the future. 21st Century Security guides our strategy and investments. As our growth pillars continue to evolve, we are focusing on advancing all-domain mission solutions through investments in digital technologies such as Artificial Intelligence (AI)/Machine Learning (ML), Autonomy and Crewed/Uncrewed Teaming, Generative Design and other technologies and capabilities enabling Combined Joint All-Domain Command and Control (CJADC2). Innovations in these areas will expand capability, improve interoperability, increase demand for our multi-domain solutions and drive efficient conversion of backlog into growth across our portfolio. We have well established programs across our business segments that continue to experience growth,