Lockheed Martin Corporation or Allegion plc: Who Invests More in Innovation?

Innovation Investment: A Tale of Two Giants

In the ever-evolving landscape of aerospace and security, innovation is the key to staying ahead. Lockheed Martin Corporation and Allegion plc, two industry titans, have been investing significantly in research and development over the past decade. From 2014 to 2023, Lockheed Martin consistently outpaced Allegion, with R&D expenses peaking at approximately $1.7 billion in 2022, a staggering 1,600% more than Allegion's highest investment of around $102 million in 2023. This trend highlights Lockheed Martin's commitment to innovation, crucial for maintaining its competitive edge in defense and aerospace. Allegion, while investing less, has shown a steady increase in its R&D spending, reflecting its strategic focus on enhancing security solutions. The data for 2024 is incomplete, but the historical trend underscores the importance of sustained investment in innovation for long-term success.