Lockheed Martin Corporation reported a total revenue of $75.0 billion for the fiscal year ending December 31, 2025, marking a 5.6% increase from $71.0 billion in 2024. The company's net earnings for the year were $5.0 billion, or $21.49 per diluted share, compared to $5.3 billion, or $22.31 per diluted share, in the previous year. The decline in earnings was attributed to increased operating costs, including a significant non-cash pension settlement charge of $479 million, and higher reach-forward losses on classified programs. Operating profit for 2025 was $7.7 billion, up from $7.0 billion in 2024, reflecting improved performance in certain segments despite challenges in others.
Lockheed Martin's business segments showed varied performance. The Aeronautics segment generated $30.3 billion in sales, a 5.8% increase from 2024, primarily driven by higher production volumes of the F-35 Lightning II aircraft. However, operating profit in this segment decreased to $2.1 billion from $2.5 billion due to reach-forward losses on classified contracts. The Missiles and Fire Control (MFC) segment saw a 14% increase in sales to $14.5 billion, with operating profit rising to $2.0 billion, significantly improved from the previous year's $413 million, largely due to the absence of prior year losses. The Rotary and Mission Systems (RMS) segment's sales remained stable at $17.3 billion, but operating profit fell to $1.3 billion from $1.9 billion, impacted by losses on specific programs. The Space segment reported $13.0 billion in sales and a 10% increase in operating profit to $1.3 billion.
In terms of strategic developments, Lockheed Martin completed the acquisition of Amentum's Rapid Solutions business for $360 million, enhancing its capabilities in space and airborne mission technologies. The company continues to focus on expanding its production capacity and integrating advanced technologies such as artificial intelligence and autonomy into its operations. As of December 31, 2025, Lockheed Martin's total backlog was $193.6 billion, an increase from $176.0 billion in 2024, with approximately 37% expected to be recognized as revenue within the next 12 months.
Lockheed Martin's workforce comprised approximately 123,000 employees as of the end of 2025, with a significant portion engaged in engineering and technical roles. The company hired nearly 10,800 new employees during the year, including 1,500 college hires, and created internship opportunities for an additional 2,000 students. The company remains committed to investing in its workforce and enhancing employee satisfaction through competitive compensation and benefits. Looking ahead, Lockheed Martin anticipates continued demand for its products and services, particularly in light of ongoing geopolitical tensions and the U.S. Government's focus on defense spending, although it acknowledges potential risks related to supply chain disruptions and inflationary pressures.
About LOCKHEED MARTIN CORP
Lockheed Martin is a global aerospace and defense company specializing in advanced technology systems, products, and services. Its core segments include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space, serving primarily U.S. government agencies. The company focuses on military aircraft, missile defense, space systems, and cybersecurity, leveraging innovation, strategic partnerships, and a skilled workforce to maintain a competitive edge in defense, space, and intelligence markets.
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