Lockheed Martin Corp. (LMT) is one of the U.S. government’s largest contractors. Its biggest customer is the Defense Department, to which it supplies weapons systems, aircraft, and logistical support. Among its products are the F-35 Lightning II fighter, Sikorsky helicopters, and the Aegis naval weapons system. The company provides data services and space technology to the civilian sector.

The top shareholders of Lockheed Martin are Marillyn Hewson, Daniel Akerson, Scott Greene, State Street Corp., Vanguard Group Inc., and BlackRock Inc.

As a global defense and aerospace company, Lockheed Martin engages in research, design, development, and manufacturing, in addition to providing a variety of other services. The company operates across four primary business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. As of January 5, 2021, the company generated $64.2 billion of revenue over a trailing 12-month period and net income of $6.5 billion in the same time period, with a market capitalization of $97.3 billion.

Below, we take a closer look at the top shareholders of Lockheed Martin.

"Insider" refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company's stock. In this context, it has nothing to do with insider trading.

Top 3 Individual Insider Shareholders

Marillyn A. Hewson

Marillyn A. Hewson owns 39,624 shares of Lockheed Martin, representing 0.01% of all outstanding shares. Since June 2020, Hewson has been executive chair of the company. Hewson was appointed president and CEO in 2013 and added the role of chair in 2014, serving in those roles until June of this year. Hewson’s career at Lockheed Martin spans more than 35 years, and also includes president and chief operating officer of the company’s Electronic Systems division, president of Systems Integration, and executive vice president of Global Sustainment for Lockheed Martin Aeronautics. Hewson also serves on the board of directors of Johnson & Johnson (JNJ).

Daniel F. Akerson

Daniel F. Akerson owns 7,500 shares of Lockheed Martin, representing less than 0.01% of all outstanding company shares. Akerson is an independent director at Lockheed Martin and chairs the Nominating & Corporate Governance committee. Akerson was CEO of General Motors Co. (GM) between 2010 and 2014. He was elected to the company’s board of directors in 2009 and served as chair of the board from 2011 to 2014. Upon his retirement from GM, Akerson served as vice chair of The Carlyle Group (CG) from 2014 to 2015, having also held the position of Managing Director and other executive leadership roles within that company earlier in his career. Akerson also is chair of KrolLDiscovery LLC, an information services company.

Scott T. Greene

Scott T. Greene owns 7,402 shares of Lockheed Martin, representing less than 0.01% of all outstanding company shares. Greene is executive vice president of Missiles and Fire Control, a $10 billion division of Lockheed Martin with roughly 19,000 employees that serves both military and commercial customers. Previously, Greene was MFC’s vice president of Tactical & Strike Missiles, overseeing the company’s Precision Fires & Combat Maneuver Systems, Close Combat Systems, Strike Systems, Advanced Programs, and Hypersonic Weapon Systems areas.

Top 3 Institutional Shareholders

Institutional investors hold the majority of Lockheed Martin shares at about 69.4% of total shares outstanding.

State Street Corp. 

State Street owns 42.2 million shares of Lockheed Martin, representing 15.1% of total shares outstanding, according to the company's 13F filing as of September 30, 2020. State Street manages a broad range of assets for clients, including mutual funds, ETFs and other investments with $3.1 trillion in AUM. The SPDR S&P Kensho Final Frontiers ETF (ROKT), which tracks an index of companies involved in space and deep sea exploration, holds Lockheed Martin. Lockheed Martin represents 4.4% of the fund's holdings.

Vanguard Group Inc. 

Vanguard Group owns 22.0 million shares of Lockheed Martin, representing 7.9% of total shares outstanding, according to the company's 13F filing for the period ending September 30, 2020. The company is primarily a mutual fund and ETF management company with about $6.2 trillion in global AUM. The Vanguard Industrials ETF (VIS), which tracks a market-cap-weighted index of industrial companies, owns Lockheed Martin. Lockheed Martin comprises about 2.7% of the fund's portfolio.

BlackRock Inc.

BlackRock owns 17.2 million shares of Lockheed Martin, representing 6.2% of total shares outstanding, according to the company's 13F filing as of September 30, 2020. The company is primarily a mutual fund and ETF management company with approximately $7.8 trillion in AUM. The iShares U.S. Aerospace & Defense ETF (ITA), which tracks a market-cap-weighted index of U.S. airplane and defense equipment manufacturers, assemblers, and distributors, owns Lockheed Martin. Lockheed Martin is the third-largest holding at about 5.7% of the fund's portfolio.