| Stage | LMT | % of rev | LHX | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $20.7B | 100.00% | $6.1B | 100.00% | LMT ×3.42 |
| Gross profit | $2.4B | 11.76% | $1.6B | 26.60% | LHX +14.8pp |
| Operating income | $2.4B | 11.80% | $786M | 12.97% | LHX +1.2pp |
| Pre-tax income | $2.2B | 10.49% | $743M | 12.26% | LHX +1.8pp |
| Net income | $1.8B | 8.91% | $632M | 10.43% | LHX +1.5pp |
| Stage | LMT | LHX | Gap · A − B |
|---|---|---|---|
| Revenue | $20.7B100.00% | $6.1B100.00% | LMT ×3.42 |
| Gross profit | 11.76%$2.4B | 26.60%$1.6B | LHX +14.8pp |
| Operating income | 11.80%$2.4B | 12.97%$786M | LHX +1.2pp |
| Pre-tax income | 10.49%$2.2B | 12.26%$743M | LHX +1.8pp |
| Net income |
| 8.91%$1.8B |
| 10.43%$632M |
| LHX +1.5pp |
LMT 10-KJan 29 '26
“We derived 72% of our total consolidated sales from the U.S. Government in 2025, including 63% from the Department of War (DoW), also known as the Department of Defense under 10 U.S.C. § 111(a).”
LHX 10-KFeb 14 '25
“A substantial maj ority of our revenue is derived from contracts with the U.S. Government, including foreign military sales contracts.”
LMT · KTOS 10-KFeb 26 '25
“A representative list of non-government customers during 2024 included tier one, large U.S. Government contractors and system integrators such as Northrop Grumman, Lockheed Martin, General Dynamics, Raytheon Technologies, BAE Systems, and L3Harris, as well as Intelsat, Blue Halo, Microsoft, Amazon, Siemens, Rolls Royce, Boom, GE Aerospace and others.”
LHX · KTOS 10-KFeb 26 '25
“A representative list of non-government customers during 2024 included tier one, large U.S. Government contractors and system integrators such as Northrop Grumman, Lockheed Martin, General Dynamics, Raytheon Technologies, BAE Systems, and L3Harris, as well as Intelsat, Blue Halo, Microsoft, Amazon, Siemens, Rolls Royce, Boom, GE Aerospace and others.”
LMT · MRCY 10-KAug 18 '26
“Lockheed Martin Corporation 11 % 10 % 11 %”
LHX · MRCY 10-KAug 18 '26
“In fiscal 2024, L3Harris accounted for 12% of our total net revenues, Lockheed Martin accounted for 11% of our total net revenues and RTX Corporation accounted for 10% of our total net revenues.”
LMT · FEIM 10-KJul 17 '26
“During fiscal year 2026, Lockheed Martin, L3Harris, and Boeing each accounted for more than 10% of the Company's consolidated revenues.”
LHX · FEIM 10-KJul 17 '26
“During fiscal year 2026, Lockheed Martin, L3Harris, and Boeing each accounted for more than 10% of the Company's consolidated revenues.”
LMT · SYPR 10-KMar 26 '26
“Our customers include large aerospace and defense companies such as Northrop Grumman Corporation (Northrop Grumman), Lockheed Martin (Lockheed), L3Harris Technologies (L3Harris), Collins Aerospace Systems (RTX Corporation), BAE Systems (BAE) and Analog Devices, Inc. (ADI).”
LHX · SYPR 10-KMar 26 '26
“Our customers include large aerospace and defense companies such as Northrop Grumman Corporation (Northrop Grumman), Lockheed Martin (Lockheed), L3Harris Technologies (L3Harris), Collins Aerospace Systems (RTX Corporation), BAE Systems (BAE) and Analog Devices, Inc. (ADI).”