Lockheed Martin

$LMT

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World's largest defense contractor by revenue with $71B FY2024 (~99% defense). Producer of F-35 Lightning II, F-22 Raptor, C-130J, Sikorsky helicopters, Aegis combat system, THAAD, PAC-3, Trident D5 SLBM, and classified space programs. $176B backlog at YE 2024. Acquired Aerojet Rocketdyne (2023) for solid rocket motor capacity. Transitioning to 5th-gen + 6th-gen air dominance via NGAD bid (lost to Boeing for F-47).