Lockheed Martin: Navigating 2025 with Strategic Contracts

Lockheed Martin, the world’s largest defence contractor, is navigating the year 2025 by leveraging a series of strategic contracts and programs that position the company for continued growth amid a changing defence environment. With a backlog at a record $173 billion – over two years’ worth of sales – Lockheed enters 2025 with strong revenue visibility.

Key to its strategy is focusing on high-priority Pentagon and allied programs that align with modern threats, while also emphasizing operational excellence to deliver on its enormous order book. In Q1 2025, Lockheed posted a 4% year-on-year sales increase and reaffirmed its full-year outlook, indicating solid execution.

This analysis answers: What is the central argument of “Lockheed Martin”, and why does it matter for European defence and dual-use markets? What does this mean for European defence funding, procurement and investment decisions? How mature and defensible is the position described in “Lockheed Martin”? Which European actors, programmes and funding instruments are most exposed?