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EO & GEOINT · OPERATOR PROFILE · DATA AS OF 2026-07-28

Lockheed Martin

Active LMT EO & GEOINT Public HQ: Bethesda, Maryland Founded 1912

Largest defense contractor. GPS III, next-gen missile warning, NASA Orion, classified NRO. Acquired Terran Orbital (2024).

77.3
ARI Composite
Very Low Risk
#2 of 47
Peer Rank
Defense cohort
44
Total Launches
As lead operator
LMT
Market cap
NYSE

FINANCIAL HEALTH

77.3
ARI composite · Very Low Risk
Peer rank#2 of 47
Peer groupDefense
Data coverage100%
Tracked gov contracts$75.38B across 283 awards

CAPITAL & CREDIT PROFILE

Reported fundamentals from SEC XBRL companyfacts. Derived figures carry their formula in the caption.

$5.02B
Net income
FY ended 2025-12-31 · filed 2026-01-29 · SEC XBRL
$9.42B
EBITDA
FY ended 2025-12-31 · filed 2026-01-29 · SEC XBRL
$4.12B
Cash & equivalents
FY ended 2025-12-31 · filed 2026-01-29 · SEC XBRL
$21.70B
Total debt
FY ended 2025-12-31 · filed 2026-01-29 · SEC XBRL
$17.58B
Net debt
net debt = XBRL total_debt − cash & equivalents
2.3×
Debt / EBITDA
XBRL total_debt ÷ EBITDA, latest FY

Latest quarter (Q2 ended 2026-06-28, filed 2026-07-23): revenue — · net income $1.84B · cash $3.79B — SEC XBRL.

Government capital
$75.38B lifetime tracked obligations across 283 awards — top agency Department of Defense ($68.17B) (strict id-matched; unattributed award rows are excluded). Explore grants →
Source: USAspending.gov award obligations matched to this company. Obligations, not recognized revenue.

SCHEDULE CREDIBILITY

How well this operator historically meets its own projected dates — launch NETs, company-announced roadmap milestones, and forward-dated facility plans. 100 = says what it does. Discount forward guidance accordingly.

INSUFFICIENT HISTORY
SCI · Insufficient history · 2 dated commitments
Behavioral read
insufficient history — 2 dated commitments tracked (score requires ≥5)
Source Events Late (share) Median slip Median slip, late only Sub-score On-time allowance
Roadmap milestones 2 2 (100%) 209 d 209 d 14.4 30 d

WORST SLIPS (RECEIPTS)

Commitment Source Announced Outcome Slip
SDA Tranche 1 Tracking Layer satellites launched (LM-built) (LM SDA Constellation) open, 209d past target Roadmap milestones 2025 still open 209 d and counting
SDA Tranche 2 Transport Layer contract awarded to LM (LM SDA Constellation) open, 209d past target Roadmap milestones 2025 still open 209 d and counting

SCI = 100 × Σ(event credit) ÷ N over the trailing 36 months (2023-07-29 → 2026-07-28). Event credit = 1.0 when the commitment met its announced date (launches: net NET slip < 1 day; roadmap milestones & facility plans: within 30 days of the announced target window — month/year-precision targets count the whole period as on-time), else 30 ÷ (30 + days late beyond that allowance). Sources are pooled, so each source weighs by its event count. Sources: launch NET-change log (LL2 ingest, tracked since 2026-04-17; flown launches in coverage + not-yet-flown launches already slipped ≥1 day; cancelled launches excluded), roadmap registry milestones (company-announced targets, verified provenance only; open milestones past target count as late by days-overdue), facility_plans rows with target_date after announced_at (filing-dated rows excluded). Confidence: high ≥20 events, medium ≥8, low ≥5; no score below 5 events. 100 = says what it does.

Window: 2023-07-29 → 2026-07-28 (36 months) · launch NET log live since 2026-04-17

FLEET COMPOSITION

Every vehicle this operator has flown. Linked profiles carry the full reliability + reuse + subsystem record.

Vehicle Class Launches Success rate Reuse
Atlas Iias 16 100.0%
Atlas Iia 14 100.0%
Atlas Ii 4 100.0%
Atlas I 3 100.0%
Athena 2 3 66.7%
Athena 1 2 100.0%
Lmlv 1 1 100.0%
Llv 1 1 0.0%

RECENT LAUNCHES

Date Mission Vehicle Orbit Outcome
Sep 30, 2001 Starshine 3 Athena 1 Success Source ↗
Feb 03, 2000 Hispasat 1C Atlas Iias Success Source ↗
Jan 21, 2000 DSCS III B-8 Atlas Iia Success Source ↗
Dec 18, 1999 EOS AM-1 Atlas Iias Success Source ↗
Nov 23, 1999 UFO F10 Atlas Iia Success Source ↗
Sep 24, 1999 Ikonos 2 Athena 2 Success Source ↗
Sep 23, 1999 Echostar 5 Atlas Iias Success Source ↗
Apr 27, 1999 Ikonos 1 Athena 2 Failure Source ↗
Apr 12, 1999 Eutelsat W3 Atlas Iias Success Source ↗
Feb 16, 1999 JCSAT 6 Atlas Iias Success Source ↗

RECENT DEALS & CONTRACTS

Date Type Amount Counterparty Significance
Jun 23, 2026 Contract Award $2.00B U.S. Space Force, Boeing Critical
Jun 15, 2026 Contract Award $514.0M Space Force, Lockheed Martin High
May 13, 2026 Contract Award $6.6M National Aeronautics and Space Administration, LOCKHEED MARTIN CORPORATION Medium
Oct 10, 2024 Contract Award $74.0M National Aeronautics and Space Administration, LOCKHEED MARTIN CORP Medium
Sep 15, 2023 Contract Award $2.4M National Aeronautics and Space Administration, LOCKHEED MARTIN CORPORATION Medium

Full deal history →

SECTOR POSITION

Primary sectorEO & GEOINT
Rank within sector#2 of 47
Tracked peers47
Secondary sectors

RECENT COVERAGE

REGISTRY DATA

Legal nameLockheed Martin Corporation
Ticker / ExchangeLMT (NYSE)
OwnershipPublic
HeadquartersBethesda, Maryland
CountryUS
Founded1912
CEOJim Taiclet
AliasesLockheed Martin, LMT, Lockheed, Martin Marietta Corporation
SubsidiariesTerran Orbital (acquired 2024)
Key programsGPS III, SBIRS/NGG, Orion, LM 400 bus
Gov customersDoD, NASA, Space Force, NRO
IPO statusPublic

Source: space_company_registry.json · Operator homepage → · Lockheed Martin corporate homepage — confirms Space business area (Orion, next-gen interceptor, missile warning satellites) (NYSE: LMT).

METHODOLOGY

Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.

Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.