Lockheed Martin Corp., a significant U.S. government contractor, has a broad-ranging business portfolio that covers aerospace, defense, space technologies, and data services. Predominantly serving the Department of Defense, Lockheed's product line includes the F-35 Lightning II fighter, Sikorsky helicopters, and the Aegis naval weapons system.
Over the past twelve months as of July 2024, Lockheed Martin reported a robust revenue of $71.06 billion and net income of $8.3 billion. The company, valued at $125.76 billion in market capitalization, operates in five main segments: Aeronautics, Electronics Systems, Space Systems, Integrated Systems & Solutions, and Information & Technology Services.
The leading shareholders in the company, apart from major institutional investors, include James Taiclet, David B. Burritt, and James Ellis Jr. Taiclet, who holds 82,596 shares as per the 2024 proxy statement, is the president, CEO, and chairman of Lockheed Martin's board. Prior to joining Lockheed, he has held leadership roles in companies like American Tower Corporation and Pratt & Whitney.
David B. Burritt, holding 28,542 shares, has been a part of Lockheed's board since 2008. Besides Lockheed, Burritt boasts of executive stints at companies like Caterpillar Inc. and U.S. Steel.
With 22,978 shares, veteran Jim Ellis has been on Lockheed's board since 2004. His impressive career includes a 39-year tenure in the Navy and leadership roles in institutions like the Institute of Nuclear Power Operations.
Institutional investors significantly pad up Lockheed's shareholder base, accounting for about 74.19% of total shares. State Street Corp., with 36.33 million shares; Vanguard Group Inc., with 21.56 million shares; and BlackRock Inc., with 18.56 million shares, are the largest institutional shareholders.
Notably, Lockheed Martin Corporation generously rewards its shareholders with quarterly dividends. As of 2024, each share receives a dividend of $3.15 per quarter. The next dividend payment is scheduled for September 27, 2024.