Lockheed Martin Corporation and Northrop Grumman Corporation: A Detailed Gross Profit Analysis

A Decade of Defense: Lockheed Martin vs. Northrop Grumman

In the competitive world of defense contracting, Lockheed Martin Corporation and Northrop Grumman Corporation have been titans. Over the past decade, from 2014 to 2023, these industry giants have showcased their prowess in generating gross profit. Lockheed Martin's gross profit surged by approximately 69% from 2014 to 2023, peaking in 2021. Northrop Grumman, while slightly trailing, demonstrated a steady growth of around 33% during the same period, with its highest profit recorded in 2020.

The data reveals a fascinating trend: Lockheed Martin consistently outperformed Northrop Grumman, especially post-2018, with a notable 20% higher gross profit in 2021. However, 2024 data for Northrop Grumman remains elusive, leaving room for speculation. This analysis underscores the dynamic nature of the defense sector and the strategic maneuvers of these corporations in maintaining their market dominance.