Capital Expenditures for Lockheed Martin (LMT)
According to Lockheed Martin's latest reported financial statements, the company's current capital expenditures (TTM) is $1.71B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$1.71B
YoY change
-2.1%
5Y CAGR
-1.4%
Peak year (2020)
$1.77B
Cumulative capital expenditures
$32.99B
CapEx history chart for Lockheed Martin (LMT) from 1992 to 2025
CapEx history table for Lockheed Martin (LMT) from 1992 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $1.65B | -2.1% | ||
| 2024 | $1.69B | -0.4% | ||
| 2023 | $1.69B | +1.3% | ||
| 2022 | $1.67B | +9.7% | ||
| 2021 | $1.52B | -13.8% | ||
| 2020 | $1.77B | +19.0% | ||
| 2019 | $1.48B | +16.1% | ||
| 2018 | $1.28B | +8.6% | ||
| 2017 | $1.18B | +10.7% | ||
| 2016 | $1.06B | +13.2% | ||
| 2015 | $939.00M | +11.1% | ||
| 2014 | $845.00M | +1.1% | ||
| 2013 | $836.00M | -11.3% | ||
| 2012 | $942.00M | -4.6% | ||
| 2011 | $987.00M | +20.4% | ||
| 2010 | $820.00M | -3.8% | ||
| 2009 | $852.00M | -8.0% | ||
| 2008 | $926.00M | -1.5% | ||
| 2007 | $940.00M | +5.3% | ||
| 2006 | $893.00M | +3.2% | ||
| 2005 | $865.00M | +12.5% | ||
| 2004 | $769.00M | +11.9% | ||
| 2003 | $687.00M | +3.8% | ||
| 2002 | $662.00M | +6.9% | ||
| 2001 | $619.00M | +23.8% | ||
| 2000 | $500.00M | -25.3% | ||
| 1999 | $669.00M | -4.0% | ||
| 1998 | $697.00M | -7.1% | ||
| 1997 | $750.00M | +1.8% | ||
| 1996 | $737.00M | +38.8% | ||
| 1995 | $531.00M | +4.3% | ||
| 1994 | $509.00M | -5.0% | ||
| 1993 | $536.00M | +7.6% | ||
| 1992 | $498.00M | — |
CapEx values are taken from Lockheed Martin's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Lockheed Martin (LMT) capital expenditures totalled $1.65B – edged down 2.1% year-over-year.
Through 2020–2025 (5 years), Lockheed Martin capital expenditures delivered a -1.4% annualised rate; with a net decline across the window.
Lockheed Martin capital expenditures declined from $1.77B in 2020 to $1.65B in 2025, a 6.6% drawdown.
Across the available history, capital expenditures reached its high of $1.77B in 2020 and its low of $498.00M in 1992.
Lockheed Martin (LMT) sits 5th of 8 Industrials peers we track on this metric, against a peer median of $2.05B.
Lockheed Martin Capital Expenditures by Year
Lockheed Martin Capital Expenditures 2025: $1.65B
Lockheed Martin capital expenditures in 2025 was $1.65B, edged down 2.1% below 2024.
Lockheed Martin Capital Expenditures 2024: $1.69B
Lockheed Martin capital expenditures in 2024 was $1.69B, edged down 0.4% below 2023.
Lockheed Martin Capital Expenditures 2023: $1.69B
Lockheed Martin capital expenditures in 2023 was $1.69B, edged up 1.3% from 2022.
Lockheed Martin Capital Expenditures 2022: $1.67B
Lockheed Martin capital expenditures in 2022 was $1.67B, grew 9.7% from 2021.
Lockheed Martin Capital Expenditures 2021: $1.52B
Lockheed Martin capital expenditures in 2021 was $1.52B.
See more financial history for Lockheed Martin (LMT).
Sector peers — CapEx
Companies in the same sector as Lockheed Martin, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific Corporation (UNP) | $3.79B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| Caterpillar Inc. (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is Lockheed Martin's capital expenditures?
- Latest reported capital expenditures for Lockheed Martin (LMT) is $1.71B (period ending March 29, 2026).
How has Lockheed Martin capital expenditures changed year-over-year?
- Lockheed Martin (LMT) capital expenditures changed -2.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Lockheed Martin capital expenditures?
- Lockheed Martin (LMT) capital expenditures compound annual growth rate is -1.4% over the most recent 5 years available.
When did Lockheed Martin capital expenditures hit its highest annual value?
- Lockheed Martin capital expenditures reached its highest annual value of $1.77B in 2020.
What was Lockheed Martin capital expenditures in 2024?
- Lockheed Martin (LMT) capital expenditures in 2024 was $1.69B.
What was Lockheed Martin capital expenditures in 2025?
- Lockheed Martin (LMT) capital expenditures in 2025 was $1.65B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
LMT Overview
Company profile, financial tools, and key metrics
LMT Revenue Counter
Earns $2,382 every second. See per minute, hour, and day.
LMT Earnings Counter
Earns $151.99 per second net profit. See per minute, hour, and day.
LMT Economic Scale
Exceeds Azerbaijan's GDP. Compare with world economies.
LMT What If Invested
What if you had invested $1,000? See historical returns from any date.
LMT How It Makes Money
Discover visual breakdown of $75.11B in revenue — where it comes from and where it goes.
LMT Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
LMT Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
LMT Daily Price Character
Steady · 48.9% historical win rate (green days). Streaks & record days.
LMT Buybacks
1.64% TTM buyback yield. Shareholder yield & SBC comparison.
LMT Stock Split History
3 splits on record. Dates, ratios, and cumulative multiple.
LMT Dividend Profile
Yield: 2.65%. Safety: 6/8. See full history.
LMT Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
LMT Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.