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Security Competitive Profiles - Lockheed Martin Corporation

Security Competitive Profiles

In 2013—for the first time over the last decade—less than % of Lockheed Martin’s revenue was derived from defence contracts (with sales dropping 􂀀% from 2013 to 2014). However, the company is expected to maintain its position as market leader. Operating income continues to grow steadily, from $􂀀 billion in 2011 to $􂀀billion in 2013.

Despite the dominance of defence, a series of acquisitions has developed Lockheed Martin’s portfolio to focus on new target markets—for example, QTC Holdings Inc. (healthcare) and SIM Industries (commercial training and simulation) and Amor group (Big Data management and cybersecurity) in 2013.

Since 2003, Lockheed Martin has acquired information technology (IT) companies worth more than $􂀀billion, coinciding with the creation of an Information Systems & Global Solutions (IS&GS) division to enhance its capability in delivering cybersecurity solutions.

An increased focus on information systems was also demonstrated through the sale of PAE and EIG, providers of construction and physical infrastructure services.

Whilst remaining heavily involved in major defence projects (e.g., F-35 Lightning II, Littoral Combat Ship, Aegis Missile Defence, as well as space systems), the company has focussed on developing security solutions under its IS&GS division, including the fingerprint-based Next Generation Identification (NGI) system for the US Federal Bureau of Investigation (FBI), as well as increasing its cybersecurity offering, including the recent acquisition of Industrial Defender. Only 􂀀% of sales are derived from US commercial and other customers, so the majority of the non-Department of Defence (DOD) government sales (􂀀% of sales) remain with other government agencies.

It is the primary cybersecurity supplier to the US Department of Homeland Security.

The company will continue to diversify its international customer base, especially in relation to security, to stabilise the long-term growth of the IS&GS division; the creation of the non-US focused Lockheed Martin International will help to drive this program

About this report

Frost & Sullivan anticipates Lockheed Martin to continue adding new capabilities to its security-centric portfolio, with a focus on providing a range of cybersecurity products aimed at the industrial control systems market. The acquisition of Industrial Defender in 2014, teamed with the creation of Lockheed Martin International in 2013, also indicates the company’s desire to target new security opportunities and partnerships in the international market.


  • Executive Summary
    • Key Findings
  • Company Dashboard
    • Key Metrics
    • Historical Revenue Growth
      • Table Lockheed Martin Profile: IS&GS Division Revenue Growth, Global, 2009-2013
    • Key Corporate Strategies
    • Regional and Industry Market Penetration
    • Key Projects
      • Table Lockheed Martin Profile: Key Projects, Global, 2007-2018
  • Markets
    • Analysis of Market Coverage
  • Technology Assessment
    • Overview of Technology and Key Brands
    • Analysis of Capability
  • Global Analysis
    • Analysis of Global Footprint
  • Strategic Analysis
    • Strengths, Weakness, Opportunities, and Threats
  • The Last Word
    • The Last Word-3 Key Conclusions

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