Lockheed sees 5% 2024 sales growth as CEO says DOGE is an “opportunity” for growth
Lockheed is confident it can sustain a production rate of up to 156 F-35 jets a year. (Photo: Lockheed Martin)
Lockeed Martin’s aeronautics sector saw $20 billion in orders, driven by its Lot 18 F-35 and US fiscal year F-35 sustainment contract wins.
Lockheed Martin’s recently released fourth quarter and full year financial results saw a net sales boost for the company, increasing by 5%, with a reported “record-year” backlog of US$176 billion. For its Aeronautics sector, Lockheed netted $20 billion in orders, driven by Lot 18 F-35 and fiscal year 2025 sustainment contract awards.
On its fixed-wing programmes, Lockheed reportedly delivered 62 F-35 aircraft in Q4, bringing its total number of deliveries to 110 – inclusive of aircraft that were parked and new jets off its production line.
The manufacturer also said it expected to deliver between 170 and 190 aircraft in
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Air Warfare
-
![AFA 2026: Swarm Aero eyes 2027 Gamera flight as Textron/Merlin reveal SkyCourier UX]()
AFA 2026: Swarm Aero eyes 2027 Gamera flight as Textron/Merlin reveal SkyCourier UX
Two new uncrewed aircraft concepts target very different US military requirements, from massed long-range strike to autonomous logistics. Shephard spoke with executives from Swarm Aero, Textron Aviation and Merlin Labs at this year's AFA Air, Space and Cyber conference to learn more about their capabilities.
-
![Could the next UAS market boom take place beyond the battlefield?]()
Could the next UAS market boom take place beyond the battlefield?
While the headlines remain dominated by the use of drones for combat operations in Ukraine and other conflicts, there are emerging use cases where the technology could usefully feed back into areas and missions outside the war zone.
-
![USAF eyes sensor and weapon upgrades as MH-139A Grey Wolf achieves IOC]()
USAF eyes sensor and weapon upgrades as MH-139A Grey Wolf achieves IOC
The Grey Wolf has entered operational service nearly three years later than originally planned, while new sustainment contracts indicate that some UH-1Ns could remain supported until 2031.
-
![Singapore’s interest in GCAP reflects its long-term approach to air power]()
Singapore’s interest in GCAP reflects its long-term approach to air power
A potential interest in joining GCAP is indicative of Singapore’s long-term and methodical approach to defence procurement and could benefit its local defence industry.
