Comparing Innovation Spending: Lockheed Martin Corporation and Curtiss-Wright Corporation

Innovation Spending: A Tale of Two Giants

In the ever-evolving landscape of aerospace and defense, innovation is the lifeblood that propels companies forward. Lockheed Martin Corporation and Curtiss-Wright Corporation, two titans in the industry, have demonstrated contrasting approaches to research and development (R&D) spending over the past decade.

From 2014 to 2023, Lockheed Martin consistently outpaced Curtiss-Wright in R&D investment, with expenditures peaking at approximately $1.7 billion in 2022. This represents a staggering 130% increase from their 2014 spending. In contrast, Curtiss-Wright's R&D expenses grew by about 26% over the same period, reaching nearly $89 million in 2023.

While Lockheed Martin's aggressive investment strategy underscores its commitment to maintaining technological superiority, Curtiss-Wright's more conservative approach highlights a focus on strategic, targeted innovation. As we look to the future, these spending patterns may well shape the competitive dynamics of the industry.