Lockheed Martin

Profile

Summary

Lockheed Martin is the world's largest military contractor. It makes Hellfire missiles that have been used in numerous drone killings in Afghanistan, Iraq, Pakistan and Yemen. Founded in 1926, Lockheed has been charged with bribery in Egypt, Italy, Japan, the Netherlands, Saudi Arabia and (West) Germany to win contracts for military fighter jets and transport planes in the 1960s and the 1970s. These payments included $3 million to the Japanese prime minister and $1.1 million to a Dutch prince. In 2007 Lockheed was ordered to repay the U.S. government $265 million plus interest for over-billing on the F-35 Joint Strike Fighter and in 2010 it was ordered to repay the U.S. Air Force and the U.S. Navy for over-billing on the C-27J tactical aircraft.

Products
  • ATC Systems, Ballistic Missiles, Precision-guided munitions, Missile Defense Elements, Directed-energy weapons
  • Combat Systems, Robotic Systems, Radar Technologies, Electronic Warfare Systems, Multi-Function Sensor Systems
  • ICT Solutions and Software, Energy Management and Storage Systems
  • Armored fighting vehicles, Combat aircraft, Military Support Aircraft, Littoral combat ships, Atlas V Launch Vehicles
  • Satellites, Spacecraft

Violations

Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
government-contracting-related offenses$138,691,47916
employment-related offenses$80,506,74648
competition-related offenses$15,000,0003
environment-related offenses$5,563,70917
safety-related offenses$2,349,29916

(April 14, 2021)

Number of Records
100
Total Penalties
$242,111,233 (April 14, 2021)
Individual Records & Summaries
Lockheed Martin Violation Tracker Profile
Information in this section is drawn from the Violation Tracker database produced by the Corporate Research Project of Good Jobs First in Washington DC. It is the most comprehensive source of data on business violations of laws and regulations in the United States. For specific examples of misconduct, please click on the links.

Stories

Article Archive

Dutch Prince Was Given $1.1 Million by Lockheed

Published by
New York Times
|
By
Richard L. Madden
|

The Lockheed Aircraft Corporation paid $1.1 million to Prince Bernhard of the Netherlands, who is also inspector general of the Dutch armed forces, to promote the sale of its aircraft, a source familiar with the investigation confirmed today.

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Scandal Costs Lockheed $ 1.3 Billion Sale to Japan

Published by
New York Times
|
By
Richard Halloran
|

TOKYO, Feb. 10—The Lockheed Aircraft Corporation has lost a $1.3 billion order for new airplanes here because of its involvement in a payoff scandal, Japanese Government officials said today.

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Lockheed Paid $38 Million in Bribes Abroad

Published by
The Washington Post
|
By
By William H. Jones and John F. Berry
|

Top officers of Lockheed Aircraft Corp. inaugurated and directed a program of foreign bribery that included questionable payments of up to $38 million from 1970 through 1975, according to a court-ordered report made public yesterday.

Read more
Videos & Podcasts
Drone, Inc.
Protesters in Bethesda, MD, protest the company's connection to bombings in Yemen.
30 folks protested in Bethesda MD against US bomb maker enabling Saudi Arabia’s massacres in Yemen.
Max tells of “Hoyer Yemen Seven” arrested seeking meeting with Democratic Whip Steny Hoyer’s staff. Hoyer gets money from Lockheed-Martin.

 

Books

 

Activism

Recent & Ongoing Campaigns
American-Armenians protest outside Lockheed Martin military-industrial corporation

Marianna Karapetyan | Public Radio of Armenia | October 22, 2020

Protest outside Lockheed Martin plant in Dallas against U.S. parts/technology in the Turkish drones used by Azerbaijan to kill Armenian civilians in Artsakh, Armenian National Committee of America report.

Protesters in Salina say Lockheed Martin has blood on its hands

Ellen Abbott | WRVO Public Media | August 31, 2018

Central New York anti-war protesters are taking aim at a defense contractor with offices in the town of Salina.

War Profiteer of the Month: Lockheed Martin

War Resisters International | June 21, 2018

Lockheed Martin is the world's biggest arms manufacturer, and world's biggest exporter of arms.

 

Major Investigations
Lockheed Martin Corp. Agrees to Pay $700,000 to Resolve Alleged Hiring Discrimination Following U.S. Department of Labor Investigation

United States Department of Labor | January 11, 2021

The U.S. Department of Labor and Lockheed Martin Corp.’s RMS Engineering & Technology Unit have entered into an Early Resolution Conciliation Agreement to resolve allegations of hiring discrimination found by the Department’s Office of Federal Contract Compliance Programs (OFCCP)

Lockheed Martin under fire again from Congress over F-35, this time for missing spare parts

Kyle Arnold | The Dallas Morning News | June 23, 2020

A group of high-ranking members of Congress is launching an investigation into Lockheed Martin’s F-35 fighter jet program after being told the U.S. military had to spend $300 million in the last five years on defective and missing parts.

Why a U.S. Senator Is Calling for an Investigation Into the C-130

Kyle Mizokami | Popular Mechanic | January 24, 2020

A U.S. senator has called for an investigation into defense contractor Lockheed Martin after whistleblowers alleged employees were suffering health problems. The problems stem from the alleged misuse of an adhesion promoter used on the fuel tanks of C-130J Hercules transport planes.

Lockheed Martin Agrees To Pay $2 Million To Settle Allegations That It Overbilled The Government

United States Department of Justice | March 27, 2015

Lockheed Martin Corporation (“Lockheed”) has agreed to pay $2 million to settle allegations that it over billed the government for fuel it used while manufacturing C-130 aircraft for the United States Air Force. 

Employment Practices
Defense Workers, Deemed “Essential,” Protest Conditions as Overseas Weapons Sales Continue

Akela Lacy | The Intercept | April 18, 2020

Thanks to industry lobbying, weapons manufacturing plants are open amid the coronavirus pandemic to fulfill billions of dollars in weapons sales.

Senator calls for investigation after whistleblowers raise concerns about C-130 production practices

Valerie Insinna | Defense News | January 23, 2020

Until recently, Lockheed Martin employees manufacturing the C-130J may have been exposed to harmful chemicals, and the Defense Department may have ignored worker concerns, a U.S. senator said Thursday.

Financials

Corporate Headquarters
6801 ROCKLEDGE DR, BETHESDA MD 20817
Most Recent Gross Revenue
$59.812 billion (2019) | source
Most Recent Net Revenue
$6.230 billion (2019) | source
Stock Exchange Tickers
NYSE: LMT
Subsidy Tracker
Subsidy Tracker
Subsidy Tracker is a project of Good Jobs First in Washington DC. It is the most comprehensive source of data on state and federal subsidies in the United States. For more details, click on the links.
Click here for details of subsidies received by Lockheed Martin
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