Lockheed Martin Forecasts Increased Revenue as Conflict Elevates Demand
The defense giant heightens sales projections as the Ukraine war propels missile orders
Lockheed Martin has projected a return to growth this year, overturning its earlier expectation of diminishing sales amidst the Ukraine conflict and burgeoning worldwide military budgets.
Lockheed Martin Corporation is a leading global aerospace, defense, and security company that specializes in the research, design, development, manufacturing, and integration of advanced technology systems, products, and services. The company was formed in 1995 through the merger of Lockheed Corporation and Martin Marietta Corporation, both of which had long histories in the aerospace and defense industries. Lockheed Martin is headquartered in Bethesda, Maryland, United States.
The company's primary business activities are organized into four main business segments: