Pentagon’s Favorite Contractor? Why Lockheed Martin’s Defense Empire Will Keep Soaring!

Lockheed Martin Corporation’s recent earnings report for the fourth quarter and full year 2024 showcases a mix of positive and challenging aspects of the company’s performance. Overall, the company demonstrated resilience through revenue growth and an expanding backlog, but financial results were impacted by significant charges related to classified programs. In 2024, Lockheed Martin reported sales growth of 5% year-over-year, reaching $71 billion. The company’s backlog also rose by 10% to $176 billion, reflecting strong global demand for its products. Each of the company’s four business areas experienced backlog growth, with a collective book-to-bill ratio exceeding one, indicating robust order intake relative to sales. These figures highlight the company’s strong market position and the appeal of its defense systems and technologies.