Here are the 10-K annual reports from Lockheed Martin Corp. (LMT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow LMT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LMT filings page.
Lockheed Martin Corporation filed its annual report for the year ended December 31, 2025, describing a global aerospace and defense technology business built around four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Its largest program, the F‑35 fighter, generated 27% of total consolidated sales in 2025 and 67% of Aeronautics sales.
The company derived 72% of 2025 consolidated sales from the U.S. Government and highlights risks from defense budget changes, procurement rules, contract terminations, and intense competition. It reports persistent supply-chain, inflation and labor challenges, cybersecurity threats, growing climate and sustainability regulation, and geopolitical uncertainties, while employing about 123,000 people as of December 31, 2025.