Lockheed Martin vs. Allegion: A Revenue Showdown

In the competitive landscape of global corporations, Lockheed Martin Corporation and Allegion plc stand as titans in their respective industries. From 2014 to 2023, Lockheed Martin has consistently outpaced Allegion in annual revenue, showcasing its dominance in the aerospace and defense sector. In 2023, Lockheed Martin's revenue soared to approximately $67.6 billion, marking a 48% increase from 2014. In contrast, Allegion, a leader in security solutions, saw its revenue grow by 72% over the same period, reaching around $3.65 billion in 2023.

Despite Allegion's impressive growth rate, Lockheed Martin's revenue remains nearly 19 times larger, highlighting the scale of its operations. The data for 2024 is incomplete, but the trend suggests Lockheed Martin's revenue could surpass $71 billion. This analysis underscores the vast differences in market size and growth trajectories between these two industry leaders.