Is Lockheed Martin Stock Underperforming the Dow?

Bethesda, Maryland-based Lockheed Martin Corporation (LMT) is a security, aerospace, and advanced technology company with a market cap of $122.3 billion. It specializes in the end-to-end design, manufacturing, integration, and sustainment of highly complex military and civil systems and primarily operates as the chief defense contractor for the U.S. Department of Defense, federal agencies like NASA, and numerous allied international governments.

Companies worth $10 billion or more are typically classified as “large-cap stocks,” and LMT fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the aerospace & defense industry. The company plays a foundational role in the human and national security space exploration, constructing critical deep-space satellites, weather-monitoring networks, and NASA's Orion spacecraft.