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Lockheed Martin Corp (LMT): R&D Expense

Annual figures by period end, from SEC filings.

Restated years: each year's figure is from the latest filing that reports it. The company later restated the year ended 2014-12-31 (for example after a spin-off or a discontinued operation), while the year before it was last reported on the old basis. Changes across those points are marked n/c (not comparable), and growth rates are not computed across them.

$2.00B
Year ended 2025-12-31
+5.6%
3-year compound annual growth
+9.0%
5-year compound annual growth
+9.4%
10-year compound annual growth
2008-12-31: $698.00M2009-12-31: $717.00M2010-12-31: $639.00M2011-12-31: $585.00M2012-12-31: $616.00M2013-12-31: $697.00M2014-12-31: $733.00M2015-12-31: $817.00M2016-12-31: $988.00M2017-12-31: $1.20B2018-12-31: $1.30B2019-12-31: $1.30B2020-12-31: $1.30B2021-12-31: $1.50B2022-12-31: $1.70B2023-12-31: $1.50B2024-12-31: $1.60B2025-12-31: $2.00B$2.00B
2008-12-31 R&D Expense (USD) 2025-12-31
Period endedR&D ExpenseChange YoYSource filing
2025-12-31$2.00B+25.0%2026-01-29, From 2025-01-01
2024-12-31$1.60B+6.7%2026-01-29, From 2024-01-01
2023-12-31$1.50B-11.8%2026-01-29, From 2023-01-01
2022-12-31$1.70B+13.3%2025-01-28, From 2022-01-01
2021-12-31$1.50B+15.4%2024-01-23, From 2021-01-01
2020-12-31$1.30B0.0%2023-01-26, From 2020-01-01
2019-12-31$1.30B0.0%2022-01-25, From 2019-01-01
2018-12-31$1.30B+8.3%2021-01-28, From 2018-01-01
2017-12-31$1.20B+21.5%2020-02-07, From 2017-01-01
2016-12-31$988.00M+20.9%2019-02-08, From 2016-01-01
2015-12-31$817.00M+11.5%2018-02-16, From 2015-01-01
2014-12-31$733.00Mn/c2017-02-09, From 2014-01-01
2013-12-31$697.00M+13.1%2016-02-24, From 2013-01-01
2012-12-31$616.00M+5.3%2015-02-09, From 2012-01-01
2011-12-31$585.00M-8.5%2014-02-14, From 2011-01-01
2010-12-31$639.00M-10.9%2013-02-28, From 2010-01-01
2009-12-31$717.00M+2.7%2012-02-23, From 2009-01-01
2008-12-31$698.00Mn/a2011-02-25, From 2008-01-01

R&D Expense at similar companies

Companies with the same SEC industry code (Guided Missiles & Space Vehicles & Parts), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

CompanyYear endedR&D ExpenseChange YoY
Lockheed Martin Corp (LMT)2025-12-31$2.00B+25.0%
Kratos Defense & Security Solutions, Inc. (KTOS)2025-12-28$40.00M-0.7%
Rocket Lab Corp (RKLB)2025-12-31$270.72M+55.2%
Redwire Corp (RDW)2025-12-31$19.76M+222.5%
Voyager Technologies, Inc. (VOYG)2025-12-31$19.00M+46.2%
Firefly Aerospace Inc. (FLY)2025-12-31$200.12M+33.9%
Helio Corp (HLEO)2025-10-31$215.1K-33.9%
Momentus Inc. (MNTS)2025-12-31$9.19M-6.1%

Compare LMT, KTOS, RKLB, RDW side by side · Screen every company in Guided Missiles & Space Vehicles & Parts ↗