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
Lockheed has won a contract for up to $7.19 billion.
They can move 20 tons of cargo and land on nearly any flat surface—including sand, snow and water.
The startup, backed by Richard Branson, expects to be ready for takeoff in 2017.
It could be one of the country's biggest military aircraft deals.
Videos about Lockheed Martin
Less than half are CEOs.
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.