Who Owns Lockheed Martin Missiles and Fire Control?
Lockheed Martin Missiles and Fire Control is owned by Lockheed Martin, a publicly traded American aerospace and defense company. Lockheed Martin Missiles and Fire Control operates as the Missiles and Fire Control division, designing and manufacturing advanced missiles, fire control systems, and directed energy weapons. The division is headquartered in Grand Prairie, Texas, USA, and serves military customers globally with innovative weapons systems.
Parent Company
Unknown
Founded
1995
Status
Publicly Traded
Headquarters
Grand Prairie, Texas, USA
Who Owns Lockheed Martin Missiles and Fire Control?
History of Lockheed Martin Missiles and Fire Control
- Founded: 1995
- Founders: Lockheed Corporation, Martin Marietta
Lockheed Martin Missiles and Fire Control was established as a division following the 1995 merger of Lockheed Corporation and Martin Marietta. Martin Marietta brought extensive expertise in missile systems and fire control technologies developed over decades of defense contracting. The division inherited numerous missile programs including the Hellfire missile, ATACMS (Army Tactical Missile System), and various air-to-air and air-to-ground missiles.
Throughout the 1990s and 2000s, the division expanded its capabilities in precision strike systems, advanced fire control technologies, and directed energy weapons. Lockheed Martin Missiles and Fire Control became a leader in developing next-generation missile systems for the U.S. military and allied nations. The division has continued to modernize existing missile platforms while developing advanced directed energy weapons and laser systems for emerging defense requirements.
In recent years, Lockheed Martin Missiles and Fire Control has focused on developing hypersonic weapons, advanced air defense systems, and directed energy weapons. The division continues to support critical military programs including the modernization of tactical missile systems and development of next-generation precision strike capabilities. The division remains at the forefront of weapons system innovation, working on both conventional and directed energy technologies.
About
What does Lockheed Martin make?
Lockheed Martin produces military aircraft (F-35 Lightning II, F-22 Raptor, C-130 Hercules), missiles and fire control systems (PAC-3 Patriot, HIMARS, JASSM, Javelin), helicopters (Black Hawk, CH-53K through Sikorsky), and space systems (GPS III satellites, missile defense, Orion spacecraft). The company serves the US Department of Defense and international military customers in more than 100 countries.
Is Lockheed Martin publicly traded?
Yes, Lockheed Martin Corporation is listed on the New York Stock Exchange under ticker LMT. The company has a broad institutional and retail shareholder base with no single controlling shareholder. Major institutional shareholders include Vanguard Group, BlackRock, and State Street.
Who founded Lockheed Martin?
Lockheed Martin was formed in March 1995 through the merger of Lockheed Corporation (founded 1912 by the Loughead brothers) and Martin Marietta (formed 1961). Both companies had roots in early aviation and became major US defense contractors during World War II and the Cold War.
Where is Lockheed Martin headquartered?
Lockheed Martin is headquartered in Bethesda, Maryland, USA. The company's primary manufacturing facilities are in Fort Worth, Texas (F-35 production), Marietta, Georgia (C-130 and F-22), Owego, New York (helicopters), and Sunnyvale, California (space systems).
How many employees does Lockheed Martin have?
Lockheed Martin employs approximately 122,000 people worldwide. The company's workforce is concentrated in the United States, with significant operations in the United Kingdom, Australia, Canada, Japan, and Germany. Lockheed Martin is one of the largest employers in the US defense industry.
Who owns Lockheed Martin?
Lockheed Martin Corporation is publicly traded on the NYSE with a broad institutional and retail shareholder base. No single shareholder holds a controlling stake. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. James Taiclet serves as Chairman, President, and CEO.
- Founded:
- Headquarters:
- Company Type: Privately Held
Where Is Lockheed Martin Missiles and Fire Control Made / Based?
- Headquarters: Grand Prairie, Texas, USA
- Manufacturing / Operations: United States, Canada, United Kingdom
Lockheed Martin Missiles and Fire Control Sustainability & Ethics
Lockheed Martin Missiles and Fire Control operates under Lockheed Martin Corporation's comprehensive sustainability framework and ethical business practices. As a major defense contractor, the division implements rigorous environmental, social, and governance (ESG) programs while maintaining compliance with complex regulatory requirements in the defense industry.
Environmental Sustainability: Lockheed Martin has established ambitious environmental goals including achieving carbon neutrality across all operations by 2036 and reducing greenhouse gas emissions by 46% by 2030 compared to 2017 baseline. The Missiles and Fire Control division contributes to these goals through energy-efficient manufacturing processes, waste reduction programs, and sustainable facility management. The company has invested in renewable energy projects and energy efficiency upgrades across its manufacturing facilities, including those producing missiles and fire control systems.
Ethical Business Practices: Lockheed Martin maintains a comprehensive Code of Ethics and Business Conduct that applies to all employees and business operations. The company links executive compensation to sustainability performance factors including workforce attraction and retention, cybersecurity protection, product safety, and environmental impact management. The Missiles and Fire Control division adheres to strict anti-corruption policies and international trade compliance requirements, particularly given the sensitive nature of defense exports and international military sales.
Human Rights and Supply Chain Ethics: Lockheed Martin conducts human rights assessments across its operations and supply chain, implementing policies that respect labor rights and prohibit forced labor. The company requires suppliers to comply with its Supplier Code of Conduct, which includes provisions for ethical labor practices, environmental responsibility, and business integrity. The Missiles and Fire Control division works with thousands of suppliers globally and implements rigorous screening processes to ensure compliance with these standards.
Product Safety and Quality: The division maintains stringent quality control and safety protocols for all missile and fire control systems. This includes comprehensive testing procedures, safety certifications, and compliance with military specifications and international arms control regulations. The company's commitment to product safety extends throughout the product lifecycle from development through deployment and sustainment.
Cybersecurity and Data Protection: As a manufacturer of advanced weapons systems with sophisticated digital components, Lockheed Martin Missiles and Fire Control maintains robust cybersecurity programs to protect intellectual property, sensitive government data, and critical system functionality. The company has implemented comprehensive cybersecurity frameworks and regularly undergoes security audits and assessments by government agencies.
Awards & Recognition
Lockheed Martin Missiles and Fire Control has received numerous awards and recognition for technological innovation, contract performance, and contributions to national security. The division's products and programs have been acknowledged by government agencies, industry organizations, and military customers worldwide.
Major Contract Awards (2024-2025): The division secured several significant contracts demonstrating continued customer confidence and technological leadership. In March 2025, the U.S. Army awarded Lockheed Martin a contract worth up to $4.94 billion for Precision Strike Missile (PrSM) production, representing one of the largest missile contracts in recent years. In February 2025, the company received a $2.8 billion THAAD development contract to enhance the Terminal High Altitude Area Defense system capabilities.
C2BMC Leadership: Lockheed Martin continues to lead the Command and Control, Battle Management, and Communications (C2BMC) National Team, receiving recognition for enhancing global interoperability and battle management capabilities. In April 2024, the Missile Defense Agency awarded Lockheed Martin an indefinite-delivery/indefinite-quantity contract for C2BMC-Next development, highlighting the company's critical role in integrated missile defense systems.
Innovation Recognition: The X-59 experimental aircraft program, while not directly under Missiles and Fire Control, demonstrates Lockheed Martin's innovation culture that extends across all divisions. In 2024, the X-59 began engine run testing, marking significant progress toward first flight in 2025 and showcasing the company's ability to develop cutting-edge aerospace technologies.
Industry Excellence Awards: Lockheed Martin Corporation has been recognized as one of the world's most innovative companies by Fortune magazine and has received multiple awards for diversity and inclusion, employee development, and corporate citizenship. The Missiles and Fire Control division contributes to these achievements through its technological innovations and workforce development programs.
Military Customer Recognition: The division's products, including the Hellfire missile, Javelin anti-tank weapon, and ATACMS missile system, have been consistently recognized by military customers for reliability, performance, and operational effectiveness. These systems have been critical in numerous military operations and continue to receive high marks from end users for their performance in combat situations.
Lockheed Martin Missiles and Fire Control Recalls & Controversies
Lockheed Martin Missiles and Fire Control, like other major defense contractors, has faced regulatory scrutiny, legal challenges, and controversies related to business practices, contract performance, and ethical conduct. These issues reflect the complex nature of defense contracting and the high level of regulatory oversight in the industry.
False Claims Act Settlement (2024): In 2024, Lockheed Martin Corporation agreed to pay $29.74 million to resolve False Claims Act allegations related to defective pricing on F-35 military aircraft contracts. This payment was in addition to $11.3 million previously paid to the Department of Defense for the same undisclosed cost and pricing data. The allegations covered the period between 2013 and 2015, when the company allegedly failed to provide accurate, complete, and current cost and pricing data to the F-35 Joint Program Office during contract negotiations. The settlement addressed violations of the Truth in Negotiations Act (TINA), which requires contractors to provide cost data to ensure fair pricing in sole-source contracts.
Investor Class Action Lawsuit (2025): In July 2025, investor Muhammad Khan filed a class action lawsuit against Lockheed Martin in the U.S. District Court for the Southern District of New York. The lawsuit, captioned Khan v. Lockheed Martin Corporation, alleges that the company made false or misleading statements between January 23, 2024, and July 21, 2025, that led to significant investor losses. The case represents ongoing legal challenges related to corporate disclosures and financial reporting.
Historical FCPA Violations: Lockheed Corporation (pre-merger) faced Foreign Corrupt Practices Act violations in the 1990s, including a 1994 indictment in the Northern District of Georgia alleging conspiracy to violate anti-bribery provisions. These historical violations occurred before the 1995 merger that created Lockheed Martin and demonstrate the company's evolution in compliance practices over time.
Contract Performance Issues: The division has occasionally faced challenges related to contract performance, cost overruns, and delivery delays on major defense programs. While not uncommon in the defense industry due to the complexity of military systems, these issues have drawn congressional scrutiny and media attention, particularly regarding the F-35 program and other high-profile defense contracts.
Export Control and International Sales: As a major exporter of military technology, Lockheed Martin Missiles and Fire Control operates under strict export control regulations and has faced scrutiny regarding international sales, particularly to sensitive regions. The company must navigate complex International Traffic in Arms Regulations (ITAR) and foreign military sales processes, which occasionally result in delays or restrictions on certain transactions.
Workforce and Labor Relations: The company has occasionally faced labor-related challenges, including union negotiations and workforce reductions during budget fluctuations. These issues reflect the cyclical nature of defense spending and the need to balance workforce requirements with changing government priorities.
Frequently Asked Questions About Lockheed Martin Missiles and Fire Control
Sources & Further Reading
- Lockheed Martin Sustainability Report 2024 -
- U.S. Department of Justice F-35 Settlement Announcement -
- Lockheed Martin News and Contracts -
- U.S. Army PrSM Contract Award -
- THAAD Development Contract -
- C2BMC-Next Contract -
- Lockheed Martin Annual Report 2024 -
- Defense Industry Awards and Recognition -
- Missile Defense Agency Information -
- U.S. Government Accountability Office Defense Reports -
- Congressional Research Service Defense Analysis -
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