Research and Development Expenses Breakdown: Deere & Company vs Lockheed Martin Corporation

A Decade of Innovation: R&D Spending Trends

In the competitive landscape of industrial and defense sectors, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Deere & Company and Lockheed Martin Corporation have demonstrated contrasting trends in their R&D investments. Deere & Company, a leader in agricultural machinery, has consistently increased its R&D expenses, peaking at an impressive 2.29 billion in 2024, marking a 58% rise since 2014. This growth underscores Deere's dedication to advancing agricultural technology.

Conversely, Lockheed Martin, a giant in aerospace and defense, showed a more fluctuating pattern, with R&D spending reaching its zenith in 2022 at 1.7 billion, before a notable drop in 2024. This decline may reflect strategic shifts or project completions. The data highlights the dynamic nature of R&D investments and their critical role in sustaining competitive advantage.