Lockheed Martin (NYSE:LMT) | Research (R&D) Spending

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Research & Development



Lockheed Martin conduct research and development (R&D) activities using its own funds and under contractual arrangements with customers to enhance existing products and services and to develop future technologies. R&D costs include basic research, applied research, concept formulation studies, design, development, and related test activities. Company-funded R&D costs are allocated to customer contracts as part of the general and administrative overhead costs and generally recoverable on the company's customer contracts with the U.S. Government. Customer-funded R&D costs are charged directly to the related customer contract. Substantially all R&D costs are charged to cost of sales as incurred.

In the years from 2006 to 2018, Lockheed Martin spent the following on R&D (company-funded):
2018: $1,300 million, 2.4% of total revenues
2017: $1,200 million, 2.4% of total revenues
2016: $988 million, 2.1% of total revenues
2015: $839 million, 1.8% of total revenues
2014: $751 million, 1.6% of total revenues
2013: $697 million, 1.5% of total revenues
2012: $616 million, 1.3% of total revenues
2011: $585 million, 1.3% of total revenues
2010: $639 million, 1.4% of total revenues
2009: $717 million, 1.6% of total revenues
2008: $698 million, 1.7% of total revenues
2007: $678 million, 1.7% of total revenues
2006: $624 million, 1.6% of total revenues

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Lockheed Martin | R&D Spending

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