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Pay vs Performance Disclosure
number in Millions
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total
for PEO
(Taiclet)(1)
Compensation
Actually Paid
to PEO
(Taiclet)(2)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs(1)
Average
Compensation
Actually Paid
to Non-PEO
NEOs(2)
Value of Initial Fixed
$100 Investment Based On:
Net Income(4)
Free Cash
Flow(5)
Total
Shareholder
Return
Peer Group
Total
Shareholder
Return(3)
($)($)($)($)($)($)($)($)
(a)(b)(c)(d)(e)(f)(g)(h)(i)
202523,453,308 19,116,609 7,401,024 3,365,209 156.36 230.49 5,017 6,908 
202423,753,914 25,604,840 7,845,742 8,624,778 142.73 136.24 5,336 5,287 
202322,813,775 14,124,440 7,683,912 5,424,588 129.72 119.09 6,920 6,229 
202224,810,545 45,201,355 7,892,151 12,280,313 135.57 111.54 5,732 6,132 
202118,111,211 18,685,666 6,318,045 5,193,364 96.54 95.03 6,315 7,699 
       
Company Selected Measure Name Free Cash Flow        
Named Executive Officers, Footnote The individuals comprising the Non-PEO NEOs are for 2025: Mr. Scott, Mr. St. John, Mr. Cahill, Mr. O’Connor, and Mr. Malave; for 2024: Mr. Malave, Mr. St. John, Ms. Hill and Mr. Lightfoot; for 2023: Mr. Malave, Mr. St. John, Mr. Cahill and Mr. Ulmer; for 2022: Mr. Malave, Mr. John W. Mollard, Mr. St. John, Mr. Scott T. Greene, Ms. Maryanne R. Lavan and Mr. Ulmer; and for 2021: Mr. Mollard, Mr. Kenneth P. Possenriede, Mr. St. John, Mr. Richard F. Ambrose, Ms. Hill and Ms. Marillyn A. Hewson.        
Peer Group Issuers, Footnote Reflects S&P Aerospace & Defense Index.        
PEO Total Compensation Amount $ 23,453,308 $ 23,753,914 $ 22,813,775 $ 24,810,545  
PEO Actually Paid Compensation Amount $ 19,116,609 25,604,840 14,124,440 45,201,355  
Adjustment To PEO Compensation, Footnote CAP reflects the total compensation reported in the Summary Compensation Table for the applicable year adjusted to include or exclude the amounts shown in the tables below for the NEOs. Amounts in the “Exclusion of Change in Pension Value” column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the “Exclusion of Stock Awards” column are the totals from the “Stock Awards” column set forth in the Summary Compensation Table. The “Inclusion of Pension Service Cost” column would report amounts based on the pension service cost for services rendered during the listed year and any prior service cost or credit attributable to a plan amendment for services rendered prior to the amendment. There are no amounts listed in this column because the Company’s pension plan was frozen effective January 1, 2020 and there have not been any plan amendments triggering additional costs or credits in the years covered. Equity values are calculated in accordance with FASB ASC Topic 718.
Summary
Compensation
Table Total
Exclusion of
Change in
Pension Value
Exclusion of
Stock Awards
Inclusion of
Pension
Service Cost
Inclusion of
Equity Values*
Compensation
Actually Paid
($)($)($)($)($)($)
James D. Taiclet
2025
23,453,308 — (13,667,645)— 9,330,946 19,116,609 
2024
23,753,914 — (13,046,594)— 14,897,520 25,604,840 
2023
22,813,775 — (13,008,681)— 4,319,346 14,124,440 
2022
24,810,545 — (13,413,894)— 33,804,704 45,201,355 
2021
18,111,211 — (10,783,715)— 11,358,170 18,685,666 
Average of Non-PEO NEOs
20257,401,024 (152,230)(3,968,538)— 84,953 3,365,209 
20247,845,742 — (4,052,420)— 4,831,456 8,624,778 
2023
7,683,912 (203,453)(3,994,158)— 1,938,287 5,424,588 
2022
7,892,151 — (4,648,089)— 9,036,251 12,280,313 
2021
6,318,045 — (2,518,462)— 1,393,781 5,193,364 
*    The amounts in the “Inclusion of Equity Values” column in the table above are derived from the amounts set forth in the following table, which reflects the forfeiture and clawback of Mr. Malave’s equity awards as described in the CD&A:
Year-End Fair
Value of
Equity Awards
Granted
During Year
That
Remained
Unvested as
of Last Day of
Year
Change in Fair
Value from
Last Day of
Prior Year to
Last Day of
Year of
Unvested
Equity Awards
Vesting-Date
Fair Value of
Equity Awards
Granted
During Year
that Vested
During Year
Change in Fair
Value from
Last Day of
Prior Year to
Vesting Date
of Unvested
Equity Awards
that Vested
During Year
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year
Value of
Dividends or
Other
Earnings Paid
on Stock or
Option Awards
Not Otherwise
Included
Total -
Inclusion of
Equity Values
($)($)($)($)($)($)($)
James D. Taiclet
202513,730,971 (3,223,517)394,771 (1,571,279)— — 9,330,946 
202414,529,741 1,030,717 — (662,938)— — 14,897,520 
202311,256,499 (6,400,756)— (536,398)— — 4,319,346 
2022
17,510,143 15,944,680 — 349,881 — — 33,804,704 
2021
11,928,062 (761,733)— 191,841 — — 11,358,170 
Average of Non-PEO NEOs
20254,171,040 (407,450)26,205 (174,193)(3,530,648)— 84,953 
20244,501,586 405,869 39,436 (115,435)— — 4,831,456 
2023
3,444,261 (1,481,485)26,240 (50,728)— — 1,938,287 
2022
5,926,948 2,832,204 118,924 158,175 — — 9,036,251 
2021
1,970,122 (47,405)30,538 (173,903)(385,571)— 1,393,781 
       
Non-PEO NEO Average Total Compensation Amount $ 7,401,024 7,845,742 7,683,912 7,892,151 $ 6,318,045
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,365,209 8,624,778 5,424,588 12,280,313 5,193,364
Adjustment to Non-PEO NEO Compensation Footnote CAP reflects the total compensation reported in the Summary Compensation Table for the applicable year adjusted to include or exclude the amounts shown in the tables below for the NEOs. Amounts in the “Exclusion of Change in Pension Value” column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the “Exclusion of Stock Awards” column are the totals from the “Stock Awards” column set forth in the Summary Compensation Table. The “Inclusion of Pension Service Cost” column would report amounts based on the pension service cost for services rendered during the listed year and any prior service cost or credit attributable to a plan amendment for services rendered prior to the amendment. There are no amounts listed in this column because the Company’s pension plan was frozen effective January 1, 2020 and there have not been any plan amendments triggering additional costs or credits in the years covered. Equity values are calculated in accordance with FASB ASC Topic 718.
Summary
Compensation
Table Total
Exclusion of
Change in
Pension Value
Exclusion of
Stock Awards
Inclusion of
Pension
Service Cost
Inclusion of
Equity Values*
Compensation
Actually Paid
($)($)($)($)($)($)
James D. Taiclet
2025
23,453,308 — (13,667,645)— 9,330,946 19,116,609 
2024
23,753,914 — (13,046,594)— 14,897,520 25,604,840 
2023
22,813,775 — (13,008,681)— 4,319,346 14,124,440 
2022
24,810,545 — (13,413,894)— 33,804,704 45,201,355 
2021
18,111,211 — (10,783,715)— 11,358,170 18,685,666 
Average of Non-PEO NEOs
20257,401,024 (152,230)(3,968,538)— 84,953 3,365,209 
20247,845,742 — (4,052,420)— 4,831,456 8,624,778 
2023
7,683,912 (203,453)(3,994,158)— 1,938,287 5,424,588 
2022
7,892,151 — (4,648,089)— 9,036,251 12,280,313 
2021
6,318,045 — (2,518,462)— 1,393,781 5,193,364 
*    The amounts in the “Inclusion of Equity Values” column in the table above are derived from the amounts set forth in the following table, which reflects the forfeiture and clawback of Mr. Malave’s equity awards as described in the CD&A:
Year-End Fair
Value of
Equity Awards
Granted
During Year
That
Remained
Unvested as
of Last Day of
Year
Change in Fair
Value from
Last Day of
Prior Year to
Last Day of
Year of
Unvested
Equity Awards
Vesting-Date
Fair Value of
Equity Awards
Granted
During Year
that Vested
During Year
Change in Fair
Value from
Last Day of
Prior Year to
Vesting Date
of Unvested
Equity Awards
that Vested
During Year
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year
Value of
Dividends or
Other
Earnings Paid
on Stock or
Option Awards
Not Otherwise
Included
Total -
Inclusion of
Equity Values
($)($)($)($)($)($)($)
James D. Taiclet
202513,730,971 (3,223,517)394,771 (1,571,279)— — 9,330,946 
202414,529,741 1,030,717 — (662,938)— — 14,897,520 
202311,256,499 (6,400,756)— (536,398)— — 4,319,346 
2022
17,510,143 15,944,680 — 349,881 — — 33,804,704 
2021
11,928,062 (761,733)— 191,841 — — 11,358,170 
Average of Non-PEO NEOs
20254,171,040 (407,450)26,205 (174,193)(3,530,648)— 84,953 
20244,501,586 405,869 39,436 (115,435)— — 4,831,456 
2023
3,444,261 (1,481,485)26,240 (50,728)— — 1,938,287 
2022
5,926,948 2,832,204 118,924 158,175 — — 9,036,251 
2021
1,970,122 (47,405)30,538 (173,903)(385,571)— 1,393,781 
       
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between CAP and Cumulative TSR, Net Income and Free Cash Flow
The following chart sets forth the relationship between CAP for our PEO, the CAP average for our other NEOs, and our cumulative total stockholder returns during the five most recently completed years. As illustrated, CAP generally correlates with our total stockholder returns as the majority of executive compensation is delivered through long-term incentives, the value of which is largely dependent on total stockholder return, including changes to our stock price and our forecasted performance factor for the unvested PSUs granted over the last three years.
The stockholder return performance indicated on the graph below is not a guarantee of future performance.
03_LMT_CAPandTSR.jpg
       
Compensation Actually Paid vs. Net Income
Relationship Between CAP and Cumulative TSR, Net Income and Free Cash Flow
The following chart sets forth the relationship between CAP for our PEO, the CAP average for our other NEOs, and our cumulative total stockholder returns during the five most recently completed years. As illustrated, CAP generally correlates with our total stockholder returns as the majority of executive compensation is delivered through long-term incentives, the value of which is largely dependent on total stockholder return, including changes to our stock price and our forecasted performance factor for the unvested PSUs granted over the last three years.
The stockholder return performance indicated on the graph below is not a guarantee of future performance.
03_LMT_CAPandTSR.jpg
       
Compensation Actually Paid vs. Company Selected Measure
Relationship Between CAP and Cumulative TSR, Net Income and Free Cash Flow
The following chart sets forth the relationship between CAP for our PEO, the CAP average for our other NEOs, and our cumulative total stockholder returns during the five most recently completed years. As illustrated, CAP generally correlates with our total stockholder returns as the majority of executive compensation is delivered through long-term incentives, the value of which is largely dependent on total stockholder return, including changes to our stock price and our forecasted performance factor for the unvested PSUs granted over the last three years.
The stockholder return performance indicated on the graph below is not a guarantee of future performance.
03_LMT_CAPandTSR.jpg
       
Total Shareholder Return Vs Peer Group
Stockholder Returns Versus Peer Group
For purposes of the Pay Versus Performance disclosure, we measure our TSR performance against the industry-focused index disclosed in the stock performance graph of our Annual Report on Form 10-K. The comparison assumes $100 was invested in the Company and in the S&P Aerospace & Defense Index for the period starting December 31, 2020 and was held through the end of each year listed in the first table set forth above. All dollar values assume reinvestment of dividends paid by companies in the index. Historical stock performance is not necessarily indicative of future stock performance. This table does not reflect how the Compensation Committee considers TSR in setting executive pay or linking executive pay to Company performance.
03 PRO013498_linechart TSR.jpg
       
Tabular List, Table
Other Most Important Performance Measures
The table to the right lists what in the Company’s assessment are the most important financial performance measures used by the Company to link the CAP of our NEOs for 2025 to Company performance. The measures in the table are listed alphabetically and are not ranked by relative importance or otherwise. See "Compensation Discussion and Analysis” and Appendix A for more information on Free Cash Flow, ROIC, and Segment Operating Profit.
Most Important Performance
Measures
Free Cash Flow
Relative TSR
ROIC
Sales
Segment Operating Profit
       
Total Shareholder Return Amount $ 156.36 142.73 129.72 135.57 96.54
Peer Group Total Shareholder Return Amount 230.49 136.24 119.09 111.54 95.03
Net Income (Loss) $ 5,017,000,000 $ 5,336,000,000 $ 6,920,000,000 $ 5,732,000,000 $ 6,315,000,000
Company Selected Measure Amount 6,908 5,287 6,229 6,132 7,699
PEO Name Taiclet        
Additional 402(v) Disclosure “Net income” is equivalent to “Net earnings” as reported in the Company’s financial statements.
Net Income and Free Cash Flow are also important components of our executive compensation incentive plans. Free Cash Flow is incorporated in both our annual and long-term incentive plans, while Net Income is part of the formula for our ROIC calculation in our long-term incentive program. While Net Income and Free Cash Flow are key financial measures that can also affect our TSRs, they do not have as strong of a relation to CAP given that the methodology in determining CAP is primarily based on changes to equity-based award values tied to our annual stock price performance.
As shown in the Pay Versus Performance table on page 58 above, CAP increased from 2021 to 2022, decreased from 2022 to 2023, increased from 2023 to 2024 and decreased from 2024 to 2025, while Net Income decreased from 2021 to 2022, increased from 2022 to 2023, decreased from 2023 to 2024 and 2024 to 2025, while Free Cash Flow decreased from 2021 to 2022, increased from 2022 to 2023, decreased from 2023 to 2024 and increased from 2024 to 2025. See “2025 Compensation Elements” in the CD&A for more information on the impact of these measures to 2025 incentive awards.
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Free Cash Flow        
Non-GAAP Measure Description SEC rules require us to designate a “company-selected measure” that in our assessment represents the most important financial performance measure (that is not total stockholder return or net income) used by the Company to link the CAP of our NEOs, for the most recently completed fiscal year, to our performance. We selected Free Cash Flow as this measure for 2022, 2023, 2024 and 2025 as reflected in column (i) in the first table above. Free Cash Flow is a non-GAAP measure and is defined as cash from operations less capital expenditures. See Appendix A for more information on Free Cash Flow and how it is calculated. This performance measure may not have been the most important financial performance measure for 2021 and we may determine a different financial performance measure to be the most important financial performance measure in future years.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Relative TSR        
Measure:: 3          
Pay vs Performance Disclosure          
Name ROIC        
Measure:: 4          
Pay vs Performance Disclosure          
Name Sales        
Measure:: 5          
Pay vs Performance Disclosure          
Name Segment Operating Profit        
Taiclet [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount         $ 18,111,211
PEO Actually Paid Compensation Amount         18,685,666
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0  
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0  
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (13,667,645) (13,046,594) (13,008,681) (13,413,894)  
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,330,946 14,897,520 4,319,346 33,804,704  
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 13,730,971 14,529,741 11,256,499 17,510,143  
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,223,517) 1,030,717 (6,400,756) 15,944,680  
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 394,771 0 0 0  
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,571,279) (662,938) (536,398) 349,881  
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0  
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0  
PEO | Taiclet [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Taiclet [Member] | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Taiclet [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (10,783,715)
PEO | Taiclet [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         11,358,170
PEO | Taiclet [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         11,928,062
PEO | Taiclet [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (761,733)
PEO | Taiclet [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Taiclet [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         191,841
PEO | Taiclet [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Taiclet [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (152,230) 0 (203,453) 0 0
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,968,538) (4,052,420) (3,994,158) (4,648,089) (2,518,462)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 84,953 4,831,456 1,938,287 9,036,251 1,393,781
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,171,040 4,501,586 3,444,261 5,926,948 1,970,122
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (407,450) 405,869 (1,481,485) 2,832,204 (47,405)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 26,205 39,436 26,240 118,924 30,538
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (174,193) (115,435) (50,728) 158,175 (173,903)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,530,648) 0 0 0 (385,571)
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0