Lockheed Martin is an American multinational aerospace, defense, arms, security, and advanced technologies company founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, and Barbara Novick in New York City. In this article, we discuss the top Lockheed Martin Competitors and Alternatives.
Lockheed Martin is a leading global aerospace and defense company specializing in advanced technology systems and products. The company was founded in 1912 and is headquartered in Bethesda, Maryland. Lockheed Martin operates in four primary business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
The Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments of Lockheed Martin design, develop, and support military aircraft, missile defense systems, maritime and helicopter-related products, and space technologies like spacecraft and satellite communication systems. As a critical player in the aerospace and defense industries, the company offers diverse products and services.
- Product Type: Aerospace, defense, arms, security, and advanced technologies
- Industry: Aerospace and defense
- Founded Date: 1988
- Founders: Larry Fink, Robert S. Kapito, Susan Wagner, and Barbara Novick
- Headquarters: North Bethesda, Maryland, United States
- Area Served: Worldwide
- Current CEO: James Taiclet
- Market capitalization: USD 109.86 billion (2023)
Table of Contents
The top Lockheed Martin competitors are
1. Boeing
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: July 15, 1916
- Founders: William Boeing
- Headquarters: Chicago, Illinois, United States
- Area Served: Worldwide
- Current CEO: David L. Calhoun
Boeing is a leading aerospace manufacturer that designs, manufactures, and sells a wide range of commercial airplanes, military aircraft, satellites, and defense systems. With a strong presence in both the commercial and defense sectors, Boeing is known for its innovation, advanced technology, and global distribution network.
2. Northrop Grumman
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: 1939
- Founders: Jack Northrop
- Headquarters: Falls Church, Virginia, United States
- Area Served: Worldwide
- Current CEO: Kathy Warden
Northrop Grumman is a global aerospace and defense technology company that builds advanced systems and solutions for government and commercial customers. They are known for their expertise in autonomous systems, cybersecurity, space, and military aircraft.
3. Raytheon Technologies
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: April 3, 2020 (merger of Raytheon Company and United Technologies Corporation)
- Founders: Laurence K. Marshall, Vannevar Bush, Charles G. Smith, William H. Perry, Sanford N. McDonnell, Robert C. Seamans Jr.
- Headquarters: Waltham, Massachusetts, United States
- Area Served: Worldwide
- Current CEO: Gregory J. Hayes
Raytheon Technologies is a multinational aerospace and defense company that offers a diverse range of technologies and services. They are known for their capabilities in defense electronics, missile defense systems, and cybersecurity solutions. Raytheon Technologies focuses on providing advanced technology to meet the critical needs of its customers.
4. BAE Systems
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: November 30, 1999 (merger of British Aerospace and Marconi Electronic Systems)
- Founders: British Aerospace, Marconi Electronic Systems
- Headquarters: London, United Kingdom
- Area Served: Worldwide
- Current CEO: Charles Woodburn
BAE Systems is a global defense, security, and aerospace company that offers a wide range of products and services. They provide solutions for land, sea, air, and cyber domains and strongly focus on research and development. BAE Systems is known for its innovation, advanced technology, and customer-centric approach.
5. General Dynamics
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: February 21, 1952
- Founders: John Philip Holland
- Headquarters: Reston, Virginia, United States
- Area Served: Worldwide
- Current CEO: Phebe Novakovic
General Dynamics is a global aerospace and defense company operating in various segments, including aerospace, combat systems, marine systems, information systems, and technology. They are known for their expertise in shipbuilding, armored vehicles, aviation, and IT services. General Dynamics prides itself on delivering mission-critical solutions to its customers.
6. Airbus
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: December 18, 1970
- Founders: Roger Béteille, Henri Ziegler, Felix Kracht, Franz Josef Strauss, Bernard Lathière
- Headquarters: Toulouse, France
- Area Served: Worldwide
- Current CEO: Guillaume Faury
Airbus is a leading aircraft manufacturer that designs, manufactures, and sells commercial and military aircraft. They are known for their innovative aircraft designs, fuel efficiency, and advanced technologies. With a global presence, Airbus is a major competitor in the commercial aviation industry.
7. L3Harris Technologies
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: June 29, 2019 (merger of L3 Technologies and Harris Corporation)
- Founders: Frank Lanza, Robert LaPenta, William M. Brown, Howard L. Lance
- Headquarters: Melbourne, Florida, United States
- Area Served: Worldwide
- Current CEO: William M. Brown
L3Harris Technologies is a global aerospace and defense technology company that provides advanced communication systems, sensors, and electronic solutions. They focus on critical missions, delivering reliable technology and mission-critical solutions to their customers.
8. Aerojet Rocketdyne
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: 2013 (merger of Aerojet and Pratt & Whitney Rocketdyne)
- Founders: William O’Neil, George H. Kauffman, Carl K. Morse, James B. Briggs, Charles C. Lauritsen, Theodore von Kármán
- Headquarters: El Segundo, California, United States
- Area Served: Worldwide
- Current CEO: Eileen Drake
Aerojet Rocketdyne is an aerospace and defense company specializing in propulsion systems, rocket engines, and warheads. They provide solutions for space exploration, defense, and strategic systems. Aerojet Rocketdyne is known for its expertise in propulsion technology and reliable propulsion systems.
9. Leonardo (or Leonardo S.p.A.)
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: January 1, 2016 (renamed from Finmeccanica)
- Founders: Giovanni Agnelli, Attilio Odero, Giuseppe Orlando, Carlo Pesenti, Umberto Nobile, Gianni Caproni
- Headquarters: Rome, Italy
- Area Served: Worldwide
- Current CEO: Alessandro Profumo
Leonardo is an Italian multinational company that operates in the aerospace, defense, and security sectors. They provide various products and services, including helicopters, aeronautics, and defense electronics. Leonardo strongly focuses on innovation, technological excellence, and customer satisfaction.
10. Thales (or Thales Group)
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: December 7, 2000 (merger of Thomson-CSF and Racal Electronics)
- Founders: Thomson-CSF, Racal Electronics
- Headquarters: Paris, France
- Area Served: Worldwide
- Current CEO: Patrice Caine
Thales is a global technology leader that operates in various markets, including aerospace, defense, security, and transportation. They provide technologies and solutions for critical infrastructure, information systems, and secure communication networks. Thales is known for its digital technologies, defense systems, and cybersecurity expertise.
11. Huntington Ingalls Industries (HII)
- Product Type: Shipbuilding
- Industry: Defense
- Founded Date: March 31, 2011 (spin-off from Northrop Grumman Shipbuilding)
- Founders: Northrop Grumman
- Headquarters: Newport News, Virginia, United States
- Area Served: Worldwide
- Current CEO: Mike Petters
Huntington Ingalls Industries is a major American shipbuilding company that designs, builds, and maintains naval and commercial ships. They are known for their expertise in naval architecture, engineering, and construction of naval vessels. Huntington Ingalls Industries focuses on delivering reliable, technologically advanced ships to their customers.
12. China Aerospace Science and Technology Corporation
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: July 1, 1999
- Founders: Chinese government
- Headquarters: Beijing, China
- Area Served: Worldwide
- Current CEO: Wu Yansheng
China Aerospace Science and Technology Corporation is a Chinese state-owned company specializing in developing and manufacturing aerospace and defense products. They are involved in various areas, including satellite technology, missile systems, and space exploration.
13. Aviation Industry Corporation of China
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: 2008 (merger of China Aviation Industry Corporation I and China Aviation Industry Corporation II)
- Founders: Chinese government
- Headquarters: Beijing, China
- Area Served: Worldwide
- Current CEO: Tan Ruisong
Aviation Industry Corporation of China is a Chinese state-owned aerospace and defense company that covers a wide range of aviation-related products and services. They are involved in aircraft manufacturing, defense systems, avionics, and maintenance services. The Aviation Industry Corporation of China is known for its contribution to China’s aviation industry and military capabilities.
14. Rolls-Royce Holdings
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: March 15, 1906
- Founders: Charles Rolls, Henry Royce
- Headquarters: London, United Kingdom
- Area Served: Worldwide
- Current CEO: Warren East
Rolls-Royce Holdings is a British multinational engineering company specializing in power and propulsion systems. They are a leading manufacturer of aero engines for commercial and military aircraft and provide services for various industries. Rolls-Royce Holdings is known for its innovation, reliability, and advanced engineering capabilities.
15. Rheinmetall AG
- Product Type: Automotive and Defense
- Industry: Automotive and Defense
- Founded Date: 1889
- Founders: Heinrich Ehrhardt
- Headquarters: Düsseldorf, Germany
- Area Served: Worldwide
- Current CEO: Armin Papperger
Rheinmetall AG is a German technology company that operates in the automotive and defense sectors. They offer products and solutions in defense, including armored vehicles, combat aircraft, weapons and ammunition systems, and electronic warfare capabilities. Rheinmetall AG is known for its expertise in developing and integrating advanced technologies into its defense systems.
16. Saab Group
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: April 2, 1937
- Founders: Marcus Wallenberg
- Headquarters: Stockholm, Sweden
- Area Served: Worldwide
- Current CEO: Micael Johansson
Saab Group is a Swedish aerospace and defense company that offers a wide range of products and services. They are involved in developing, producing, and maintaining military aircraft, combat systems, and surveillance solutions. Saab Group is known for its advanced technology, efficient products, and support capabilities.
17. Kratos Defense & Security Solutions
- Product Type: Aerospace and Defense
- Industry: Aerospace and Defense
- Founded Date: 1994
- Founders: Eric DeMarco
- Headquarters: San Diego, California, United States
- Area Served: Worldwide
- Current CEO: Eric DeMarco
Kratos Defense & Security Solutions is an American company that provides advanced engineering, technology, and defense services. They specialize in defense and security systems, unmanned systems, and space technology. Kratos Defense & Security Solutions is known for its innovative solutions and reliable support.
18. China North Industries Group Corporation Limited
- Product Type: Defense and military equipment
- Industry: Defense
- Founded Date: 1999
- Headquarters: Beijing, China
- Area Served: Worldwide
- Current CEO: Zeng Qinghong
China North Industries Group Corporation Limited, also known as NORINCO, is a Chinese state-owned defense corporation focusing on developing and manufacturing defense and high-tech products. They are involved in defense contracts, such as ground equipment, artillery systems, and precision strike weapons. NORINCO is known for its contribution to China’s defense industry.
19. China South Industries Group Corporation
- Product Type: Defense and military equipment
- Industry: Defense
- Founded Date: 1999
- Headquarters: Beijing, China
- Area Served: Worldwide
- Current CEO: Tan Xuguang
China South Industries Group Corporation, also known as CSIC, is a Chinese state-owned defense corporation specializing in designing, developing, and producing naval and land-based defense systems and equipment. They are the largest defense contractors involved in maritime vessels, armored vehicles, and missile systems. CSIC is known for its expertise in naval and land-based defense technologies.
20. Textron
- Product Type: Aerospace and defense
- Industry: Aerospace and defense
- Founded Date: 1923
- Founders: Royal Little
- Headquarters: Providence, Rhode Island, United States
- Area Served: Worldwide
- Current CEO: Scott C. Donnelly
Textron is an American multi-industry company that operates in various sectors, including aerospace, defense, and industrial products. Their defense and aerospace company offers a range of products and services, including military aircraft, unmanned systems, and support solutions. Textron is known for its diverse portfolio, advanced technology, and global presence.
21. Honeywell International
- Product Type: Aerospace, building technologies, performance materials and technologies, safety and productivity solutions
- Industry: Conglomerate
- Founded Date: 1906
- Founders: Mark C. Honeywell
- Headquarters: Charlotte, North Carolina, United States
- Area Served: Worldwide
- Current CEO: Darius Adamczyk
Honeywell International is a multinational conglomerate that operates in various industries, including aerospace and defense. They provide different products and solutions to government customers, including avionics, propulsion systems, and defense technologies. Honeywell International is known for its innovative technologies, safety solutions, and operational excellence.
22. Leidos
- Product Type: Defense, intelligence, homeland security, civil, and health markets
- Industry: Defense
- Founded Date: 1969
- Founders: John Robert Beyster
- Headquarters: Reston, Virginia, United States
- Area Served: Worldwide
- Current CEO: Roger Krone
Leidos is an American company that primarily provides scientific, engineering, and technical solutions to the defense, intelligence, and homeland security sectors. They offer services such as information technology, cybersecurity, and logistics support. Leidos is known for its expertise in complex systems integration and mission support.
23. Safran
- Product Type: Aerospace, defense, and security
- Industry: Aerospace and defense
- Founded Date: 2005
- Headquarters: Paris, France
- Area Served: Worldwide
- Current CEO: Olivier Andriès
Safran is a French multinational aerospace and defense company that operates in various areas, including aircraft engines, aerospace equipment, and defense systems. They are known for their propulsion, landing, and avionics expertise. Safran is recognized for their advanced technology, reliability, and global partnerships.
24. Parsons
- Product Type: Engineering, construction, technical, and management services
- Industry: Engineering and construction
- Founded Date: 1944
- Founders: Ralph M. Parsons
- Headquarters: Centreville, Virginia, United States
- Area Served: Worldwide
- Current CEO: Charles Harrington
Parsons is an American technology company offering various services, including defense and intelligence solutions, cyber capabilities, and infrastructure development. They specialize in areas such as engineering, construction, and program management. Parsons is known for their mission-focused approach, technical expertise, and commitment to innovation.
25. Kaman Corporation
- Product Type: Aerospace and defense
- Industry: Aerospace and defense
- Founded Date: 1945
- Founders: Charles H. Kaman
- Headquarters: Bloomfield, Connecticut, United States
- Area Served: Worldwide
- Current CEO: Ian K. Walsh
Kaman Corporation is an American aerospace, defense, and industrial products company that provides solutions ranging from aviation components to helicopter services. They are known for their aerospace engineering, design, and engineering services expertise. Kaman Corporation is recognized for its customer-centric approach and quality products.
26. Embraer
- Product Type: Commercial, executive, and defense aircraft
- Industry: Aerospace and defense
- Founded Date: 1969
- Founders: Ozires Silva
- Headquarters: São José dos Campos, Brazil
- Area Served: Worldwide
- Current CEO: Francisco Gomes Neto
Embraer is a Brazilian aerospace company specializing in designing, manufacturing, and supporting commercial, military, and executive aircraft. They offer diverse products and services, including regional jets, military transport aircraft, and integrated defense systems. Embraer is known for its reliable aircraft, customer support, and technological advancements.
27. Rocket Lab USA
- Product Type: Small satellite launch vehicles and spacecraft
- Industry: Aerospace
- Founded Date: 2006
- Founders: Peter Beck
- Headquarters: Long Beach, California, United States
- Area Served: Worldwide
- Current CEO: Peter Beck
Rocket Lab USA is an American aerospace manufacturer and small satellite launch service provider. They focus on developing and deploying advanced, cost-effective launch vehicles for small payloads. Rocket Lab USA is known for its innovative approach, rapid launch capabilities, and affordable access to space.
28. Redwire Corporation
- Product Type: Space infrastructure and services
- Industry: Aerospace
- Founded Date: 2020
- Headquarters: Jacksonville, Florida, United States
- Area Served: Worldwide
- Current CEO: Peter Cannito
Redwire Corporation is an American space technology company specializing in developing and deploying advanced space infrastructure. They offer a range of products and services, including space systems, robotics, and on-orbit servicing capabilities. Redwire Corporation is known for its cutting-edge technology, space sustainability solutions, and industry partnerships.
29. United Technologies Corporation
- Product Type: Aerospace, building technologies, and defense
- Industry: Conglomerate
- Founded Date: 1934
- Founders: Frederick Rentschler
- Headquarters: Farmington, Connecticut, United States
- Area Served: Worldwide
- Current CEO: Gregory J. Hayes
United Technologies Corporation, now part of Raytheon Technologies, was an American multinational conglomerate that provided a wide range of products and services, including aerospace systems, elevators, and climate control systems. They were known for their expertise in aerospace technologies, including aircraft engines and avionics. United Technologies Corporation (now Raytheon Technologies) was recognized for its innovative solutions and global presence in the aerospace industry.
These were all the competitors of Lockheed Martin. If you know any other competitors, please write in the comments below.
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