Lockheed Martin Corp

Common Name
Lockheed Martin
Country
United States
Sector
Industrials
Industry
Aerospace & Defense
Employees
121,000
Ticker
LMT
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Lockheed Martin Corporation is a prominent player in the aerospace, defense, and security sectors, globally recognized for its advanced technology and innovation. Primarily engaged in the research, de...

Lockheed Martin's GHG Emissions Data Preview

In 2024, Lockheed Martin completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Lockheed Martin has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Lockheed Martin’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Lockheed Martin’s data sources below and access millions more through our Disclosure Search.

a. Lockheed Martin's Sustainability Report 2024
a. Lockheed Martin's Sustainability Report 2024
b. Lockheed Martin's Sustainability Report 2022
b. Lockheed Martin's Sustainability Report 2022

Insights into Lockheed Martin's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Lockheed Martin amounted to 820,713 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Lockheed Martin decreased by 1.74%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Lockheed Martin's Scope 1 Emissions Over Time

2018201920202021202220232024080 k160 k240 k320 ktCO2e+5%0%0%+2%-3%-4%
  • Total Scope 1
  • Year-over-Year Change

What are Lockheed Martin's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Lockheed Martin were 294,431 metric tons of CO₂ equivalent (tCO₂e). a

Has Lockheed Martin reduced its Scope 1 emissions over time?

Since 2018, Lockheed Martin's Scope 1 emissions have remained relatively, stable, indicating that Lockheed Martin's emissions have plateaued with no significant change in its operational footprint. a b

Compared to the previous year (2023), Lockheed Martin's Scope 1 emissions decreased by 3.6%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Lockheed Martin's Scope 2 emissions?

In 2024, Lockheed Martin reported Scope 2 greenhouse gas (GHG) emissions of 365,395 tCO₂e using the market-based method and 526,282 tCO₂e using the location-based method. a

Has Lockheed Martin reduced its Scope 2 emissions over time?

Since 2018, Lockheed Martin's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 21.81%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Lockheed Martin's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Lockheed Martin 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Lockheed Martin use for Scope 2 reporting?

In 2024, Lockheed Martin reported its Scope 2 emissions using the market-based method and using the location-based method. a

Lockheed Martin's Scope 2 Emissions Over Time

20182019202020212022202320240200 k400 k600 k800 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Lockheed Martin's Value Chain Emissions

In 2024, Lockheed Martin reported 19,954,439 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Lockheed Martin includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Lockheed Martin's Scope 3 Emissions Over Time

201820192020202120222023202408 M16 M24 M32 MtCO2e-14%+5%+1%0%-3%-27%
  • Total Scope 3
  • Year-over-Year Change

What are Lockheed Martin's Scope 3 emissions?

In 2024, Lockheed Martin reported total Scope 3 emissions of 19,954,439 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 29.97% of these emissions originated from upstream activities such as purchased goods and capital goods, while 70.03% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Lockheed Martin reduced its Scope 3 emissions over time?

Since 2018, Lockheed Martin's Scope 3 emissions have decreased by 35.41%, reflecting a declining long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), Lockheed Martin's Scope 3 emissions decreased by 27.49%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Lockheed Martin disclose?

In 2024, Lockheed Martin reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Lockheed Martin's Scope 3 emissions?

In 2024, the largest contributors to Lockheed Martin's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 13,973,831 tCO₂e (70.03%)
  • Purchased Goods and Services (Cat. 1): 4,968,229 tCO₂e (24.9%)
  • Capital Goods (Cat. 2): 551,596 tCO₂e (2.76%)

Lockheed Martin's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(2.8%)Purchased Goods andServices (Cat. 1)(24.9%)Use of Sold Products(Cat. 11)(70.0%)

Insights into Lockheed Martin’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Lockheed Martin reported Scope 1 greenhouse gas (GHG) emissions of 294,431 tCO₂e and total revenues of USD 71,043 millions. This translates into an emissions intensity of 4.14 tCO₂e per millions USD. a

Lockheed Martin's Scope 1 Emissions Intensity Compared to Peers

2,00020,000500,0005,000,000100,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)Norfolk SouthernYear: 2023Scope 1: 4,097,539 tCO2eRevenue: $M 12,156Scope 1 Intensity: 337.08 tCO2e/$MWaste Management IncYear: 2023Scope 1: 14,938,730 tCO2eRevenue: $M 20,426Scope 1 Intensity: 731.36 tCO2e/$MNorthrop GrummanYear: 2024Scope 1: 284,710 tCO2eRevenue: $M 41,033Scope 1 Intensity: 6.94 tCO2e/$MCurtiss-WrightYear: 2024Scope 1: 16,477 tCO2eRevenue: $M 3,121Scope 1 Intensity: 5.28 tCO2e/$MUnited Parcel ServiceYear: 2024Scope 1: 14,408,000 tCO2eRevenue: $M 91,070Scope 1 Intensity: 158.21 tCO2e/$MTransDigm GroupYear: 2023Scope 1: 42,622 tCO2eRevenue: $M 6,585Scope 1 Intensity: 6.47 tCO2e/$MSpirit AeroSystems HoldingsYear: 2022Scope 1: 135,663 tCO2eRevenue: $M 5,030Scope 1 Intensity: 26.97 tCO2e/$MHowmet AerospaceYear: 2024Scope 1: 390,000 tCO2eRevenue: $M 7,430Scope 1 Intensity: 52.49 tCO2e/$MUnion PacificYear: 2024Scope 1: 9,286,290 tCO2eRevenue: $M 24,250Scope 1 Intensity: 382.94 tCO2e/$MParker-HannifinYear: 2023Scope 1: 127,000 tCO2eRevenue: $M 19,065Scope 1 Intensity: 6.66 tCO2e/$MGeneral ElectricYear: 2024Scope 1: 283,359 tCO2eRevenue: $M 38,702Scope 1 Intensity: 7.32 tCO2e/$MTextronYear: 2023Scope 1: 241,593 tCO2eRevenue: $M 13,683Scope 1 Intensity: 17.66 tCO2e/$MHuntington Ingalls IndustriesYear: 2024Scope 1: 80,948 tCO2eRevenue: $M 11,535Scope 1 Intensity: 7.02 tCO2e/$MDeere & CoYear: 2024Scope 1: 353,900 tCO2eRevenue: $M 50,518Scope 1 Intensity: 7.01 tCO2e/$MStandardAeroYear: 2024Scope 1: 44,332 tCO2eRevenue: $M 5,237Scope 1 Intensity: 8.46 tCO2e/$MHoneywell InternationalYear: 2024Scope 1: 750,530 tCO2eRevenue: $M 38,498Scope 1 Intensity: 19.50 tCO2e/$ML3Harris TechnologiesYear: 2024Scope 1: 73,961 tCO2eRevenue: $M 21,325Scope 1 Intensity: 3.47 tCO2e/$MBWX TechnologiesYear: 2024Scope 1: 28,506 tCO2eRevenue: $M 2,704Scope 1 Intensity: 10.54 tCO2e/$MGeneral DynamicsYear: 2023Scope 1: 323,044 tCO2eRevenue: $M 42,272Scope 1 Intensity: 7.64 tCO2e/$MRTXYear: 2024Scope 1: 542,229 tCO2eRevenue: $M 80,738Scope 1 Intensity: 6.72 tCO2e/$MHexcelYear: 2024Scope 1: 180,594 tCO2eRevenue: $M 1,903Scope 1 Intensity: 94.90 tCO2e/$MBoeingYear: 2024Scope 1: 517,000 tCO2eRevenue: $M 66,517Scope 1 Intensity: 7.77 tCO2e/$MMoogYear: 2024Scope 1: 12,538 tCO2eRevenue: $M 3,609Scope 1 Intensity: 3.47 tCO2e/$MLockheed MartinYear: 2024Scope 1: 294,431 tCO2eRevenue: $M 71,043Scope 1 Intensity: 4.14 tCO2e/$M

How does Lockheed Martin's GHG emissions intensity compare to its peers?

In 2024, Lockheed Martin reported a Scope 1 emissions intensity of 4.14 tCO₂e per millions USD. Compared to the peer group median of 7.77 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Lockheed Martin rank on GHG emissions intensity within its industry?

In 2024, Lockheed Martin ranked 3 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Lockheed Martin among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Lockheed Martin's Total Carbon Footprint

In 2024, Lockheed Martin reported a total carbon footprint of 20,775,152 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 26.74% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Lockheed Martin's total carbon footprint was Scope 3 emissions, accounting for 96.05% of the company's total carbon footprint, followed by Scope 2 emissions at 2.53%. a

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