Lockheed Martin headquarters in Bethesda, Md. Photo: Lockheed Martin

Lockheed Martin’s Space segment saw a 4% year-over-year revenue increase in 2025, driven by sales for strategic and missile defense programs and the Orion spacecraft program for NASA. 

Lockheed Martin posted full-year 2025 sales on Thursday, reporting $13 billion in Space sales. The company reported $380 million increase in sales for strategic and missile defense programs on the Next Generation Interceptor (NGI) and Fleet Ballistic Missile (FBM) programs, and $255 million for commercial civil space programs primarily the Orion program. 

Operating profit for Space increased 10% over 2024, to $1.3 billion. However, Lockheed Martin reported $40 million of lower equity earnings from United Launch Alliance, which is a joint venture of Boeing and Lockheed Martin. 

Total equity losses and earnings from ULA were not significant in 2025, compared to $45 million in 2024. 

Looking to 2026, Lockheed Martin is forecasting Space sales in the range of $13.5 billion to $13.8 billion. 

“Space is projected to grow approximately 5% year-over-year at the midpoint, with strong growth expected on Fleet Ballistic Missile, NGI, and hypersonic programs within the Strategic and Missile Defense Systems portion of the business, as well as solid growth from space tracking and communication missions due to the Space Development Agency’s Transport and Tracking Layer programs,” CFO Evan Scott told investors on Thursday. 

Overall, Lockheed Martin reported $75 billion in sales in 2025, up 6% year-over-year. Aeronautics is the largest segment at $30.3 billion in sales in 2025, up 6% year-over-year. The Missiles and Fire Control segment led the company in growth, with increased sales of 14% year-over-year to $14.5 billion.