Bad news for global stability usually means good news at defense giants like Lockheed Martin. With the threat of terrorism and, as a result, military budgets on the rise, the company is enjoying a favorable outlook. One of Lockheed’s major moneymakers is its F-35 joint strike fighter jet, which accounts for a fifth of its business. The world’s largest defense contractor plans to ship 53 of them this year, up from 45 in 2015. Lockheed’s $9 billion acquisition of Sikorsky Aircraft from United Technologies Corporation last year has provided revenue lifts at the same time that the company offloads its government IT services business.
News about Lockheed Martin
It plans to launch an exploration probe to the lunar surface next year.
It's another big milestone for the F-35.
Revenues and profits were down, but the global workforce keeps growing.
Today's designs are optimized in parallel.
One hitch is Israel's concerns that U.S. equipment could end up in enemy hands.
Videos about Lockheed Martin
The Lockheed Martin CEO explains to Fortune's Susie Gharib.
Marillyn Hewson sits down with Fortune's Susie Gharib to talk about what the deal means for the company.
Fortune's Jennifer Reingold sits down with Hewson to discuss what’s ahead for Lockheed Martin.
Leigh Gallagher counts down five companies that have moved to a different state for huge financial incentives.