A Decade of Defense: Lockheed Martin vs. Northrop Grumman

In the ever-evolving landscape of defense and aerospace, Lockheed Martin Corporation and Northrop Grumman Corporation have stood as titans. Over the past decade, Lockheed Martin's revenue has surged by approximately 56%, from $45.6 billion in 2014 to an impressive $71 billion in 2024. Meanwhile, Northrop Grumman has seen a robust 64% increase, reaching nearly $39.3 billion by 2023.

Revenue Trends and Insights

Lockheed Martin consistently outpaced Northrop Grumman, maintaining a revenue lead of about 50% on average. Notably, 2024 data for Northrop Grumman is missing, leaving room for speculation on its future trajectory. The data highlights a significant growth period between 2018 and 2020, where both companies capitalized on increased defense spending. As global tensions rise, these industry leaders continue to innovate and expand, shaping the future of defense technology.