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Lockheed Martin Corporation was founded in 1995 following a merger between two aerospace companies, Lockheed Corporation and Martin Marietta. The new entity has been headquartered in Maryland ever since and, it’s among the world’s most prominent exponents of aerospace, defence, and security technology.

Lockheed Martin employs over 115,000 people, with over 60,000 of those being engineers. It has arms, aerospace, and IT contracts with public and private entities around the world. However, its business model is skewed more towards government contracts. US government contracts account for more than 80% of Lockheed Martin’s revenue. International contracts for just over 10%, and private contracts for less than 5%.

Through its four divisions - Aeronautics, Rotary and Mission Systems (RMS), Space, Missiles and Fire Control (MFC) - Lockheed Martin generated $67 billion worth of revenue in 2021. This equated to a net income of $6.3 billion, putting the company’s market capitalisation at the time over $100 million.

Shares in Lockheed Corporation and Martin Marietta have been available to trade since the 1970s. However, the first time Lockheed Martin stock was listed on the New York Stock Exchange under the ticker NYSE: LMT was in 1995.

The Lockheed Martin share price at that time was below $30. However, as the Lockheed Martin share price history shows, the company has been bullish ever since. Although there have been ups and downs, Lockheed Martin stock has performed well over the last 25+ years. One of the biggest milestones in the Lockheed Martin share price history came in 2007.

Following a steady increase in value, the Lockheed Martin share price eventually breached the $100 mark. A bearish period followed but, by 2014, Lockheed Martin stock was trading above $150. Based on the period between 1995 and December 2022, the highest recorded Lockheed Martin share price was $496.23.

Why trade Lockheed Martin stock when there are other options? Lockheed Martin has long been one of the biggest aeronautics and defence technology companies in the world. Its share price has typically been bullish, with traders seeing an increase of more than 2,200% between 1995 and 2022.

However, Lockheed Martin isn’t the only company in this space. One of its main competitors on the aeronautics side is Boeing. This company also produces defence technology, such as missiles and satellite systems. Raytheon and BAE Systems can also be considered competitors to Lockheed Martin, but Boeing remains one of the main alternative trading options at Skilling.