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Home › Dodgy Deals ›
Dodgy Deal
Lockheed MartinUnited States

Company – Active

This profile is actively maintained
Profile by:
BankTrack
Last update: 2025-04-29 00:00:00
Main entrance to Lockheed Martin Center for Leadership Excellence (CLE) in Bethesda. Photo: Coolcaesar at en.wikipedia CC-BY-SA-3.0

Company – Active

This profile is actively maintained
Profile by:
BankTrack
Last update: 2025-04-29 00:00:00
Why this profile?

Why this profile?

Lockheed Martin is a weapons manufacturer supplying states including those involved in conflict-related human rights violations. This includes its supply of weapons to the state of Israel, which is engaged in an ongoing genocide against the Palestinian people and protracted illegal occupation.

What must happen

Banks should not finance this company. In line with the demands of the Don’t Buy Into Occupation Coalition, funding for companies supplying arms to Israel should be immediately halted. The OHCHR has also explicitly called on Lockheed Martin to end arms sales and transfers to Israel, and on its financiers to take action.

About
Sectors Arms Industry and Trade
Headquarters
Ownership
listed on NYSE

Lockheed Martin's shareholder structure can be accessed here.

Subsidiaries
Website https://www.lockheedmartin.com/

Lockheed Martin is the largest weapons manufacturer in the world. Its revenue has increased from US$68 billion in 2023 to US$72 billion in 2024, with 90% coming from arms sales (as of 2023). Lockheed Martin is headquartered in Bethesda, Maryland, and employs over 121,000 people across the world. The company has several subsidiaries, including in the US, UK, Poland, Canada, Australia, Saudi Arabia, Japan, and Israel.

Lockheed Martin’s main branches include cyber, aeronautics, maritime systems, space, and autonomy and AI, spanning weapon and aircraft production, defence and surveillance technologies, and naval systems, projectiles, sensors, and weapon integration. The autonomy and AI sector is fast-growing, with the establishment of Astris AI, a subsidiary aimed at integrating AI in defence companies including in drones and uncrewed submarines, in 2024.

Impacts

Impact on human rights and communities

Lockheed Martin is directly connected to the war crimes and crimes against humanity being committed by Israel in the occupied Palestinian territories. Its supply of weapons – including the transfer of 50 F-16I fighters as part of the Peace Marble V program amounting to $1.45 billion in 2004; its contract for F-35 fighter parts worth $2.5 billion in 2014; and its continued provision of arms and weapons since the most recent escalation of conflict on October 7th 2023 (as shown in Pax’s 2024 “The companies arming Israel and their Financiers” report) – directly tie the company to the war crimes committed against the Palestinian people.

Since October 7th, 2023, Israel’s military campaign in Gaza has killed over 50,000 people, one third of whom were children (as of March 2025). Conflict has also intensified in the West Bank, killing over 870 since October 2023. The January 2024 ruling by the ICJ concluded there was a risk of genocide in Gaza, and UN experts have since called for states, companies, and related financial institutions to end arms sales and transfers to Israel. The withholding of medical supplies and humanitarian aid, and the targeting of healthcare infrastructure and healthcare personnel have contributed to famine, unsanitary living conditions, and a critical healthcare crisis. The impact on women is especially acute, as sexual and reproductive health services have been widely destroyed, leaving women without basic access to care including c-sections without anesthesia.

Israel has also expanded its attacks to Syria and Lebanon, with 71 civilian deaths in Lebanon since the ceasefire in January 2025, including air strikes to Beirut in March 2025.

Lockheed Martin weapons in the ongoing war

According to Pax (2024), Israel ordered 50 F-35 aircraft from Lockheed Martin between 2010 and 2017, of which 39 were delivered by 2022, as well as 12 CH-53K transport helicopters. Lockheed Martin and RTX also supplied over 700 paveway guided bombs in 2019. 

The Israeli air force uses three main types of fixed-wing aircraft, the F-15, F-16, and F-35. The F-16 and F-35 are the main aircraft used as bombers, and both are manufactured by Lockheed Martin. F-35s are mainly used for patrols and have also bombed “displaced families, the elderly, the sick, and children [and] so-called ‘safe zones’”, according to Al-Haq. The 900 kg bombs they can house can obliterate a 365 m radius, causing indiscriminate and disproportionate casualties. The UK government has acknowledged the clear risk of violation of international human rights law from the supply of F-35s, but has continued to secretly send them through the UK branch, Lockheed Martin UK Integrated Systems, including six shipments from November 2023 to August 2024.

Lockheed Martin also produces F-16 fighter jets, the IAF’s main strike aircraft. These fighter jets, of which the Israeli Air Force operate a fleet of 362, have been termed “the workhorse of the Gaza bombing campaign,” and by November 2023, were predominantly responsible for the 12,000 targets struck and deaths of 10,000 Gazans. These jets, produced by Lockheed Martin, are modified to increase payload by Elbit Systems, Israel’s largest weapons manufacturer, and have been used to drop MK80 bombs manufactured by General Dynamics.

Additionally, Lockheed Martin is responsible for the MTADS sensor and targeting fire-control system on the Boeing-produced AH-64 Apache helicopters, as well as the 2,000 Hellfire Laser Guided missiles they carry, which have been described as the “primary tool for taking lives and destroying infrastructure” in Gaza.

Complicity in the ongoing occupation

The protracted conflict is the latest intensification in the ongoing Israeli settler colonialism of the Palestinian territories, whose occupation has constituted repeated human rights violations and abuse of the Palestinian people. Lockheed Martin’s support through its Israel branch has included the supply of land and air weaponry: F-35 Lightning II, C-130J Super Hercules, Gen 3, TADS/PNVS, GMLRS: Precision Rocket Artillery, and Multiple Launch Rocket System (M270). The latter has also been used in the war against Gaza.

No response

The Business and Human Rights Resource Centre invited Lockheed Martin to respond to allegations of the “plausible risk of genocide” in Gaza on April 4th 2024, but has received no response. Lockheed Martin has also not responded regarding the UN expert's call for stopping arms transfer to Israel.

Financiers

The top European creditors that have provided loans and/or underwriting services to Lockheed Martin in the period January 2021 to August 2023 are listed below.

The top European investor info is based on the latest filing date available in August 2023. See below for more details.

Source: Pax 2024

Institution type
Finance type
Year
Governance
Norms & standards

Applicable norms and standards

Arms Trade Treaty (ATT)
Common Position on Exports of Military Technology and Equipment
Global Principles for Arms Transfers
Nuclear Non-proliferation Treaty (NPT)
Ottawa Convention
News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

Protesters clash with ANZ over its climate and military funding

2024-12-19 | News.com.au
BankTrack news BankTrack blog Partner news Partner blog

King's College halts direct investments in Israel's arms suppliers

2024-08-02 | Middleeasteye.net
Blog
BankTrack news BankTrack blog Partner news Partner blog

ExitArms Update: Do rating agencies reward arms exports to warring states with better ESG ratings?

2023-05-22 | Berlin | Facing Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Largest European banks bankroll high-risk arms traders

2022-07-12 | PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dirty Profits 7 - Out of Control: Irresponsible weapons transfers and future weapon systems

2019-05-22 | Frankfurt am Main | Facing Finance
BankTrack news BankTrack blog Partner news Partner blog

Companies Excluded from the Norwegian Government Pension Fund Global (GPFG)

2013-06-23 | Facing Finance
BankTrack news BankTrack blog Partner news Partner blog

RBS severs ties with makers of cluster bombs

2011-09-01 | Scotland | The Independent
BankTrack news BankTrack blog Partner news Partner blog

RBS under fire for more ‘dirty’ investments

2010-04-25 | United Kingdom | The Sunday Herald
BankTrack news BankTrack blog Partner news Partner blog

ANZ Pressured to End Loans to Munitions Maker

2009-12-02 | Cambodia
BankTrack news BankTrack blog Partner news Partner blog

Ajai Shukla: No thanks, you're blacklisted

2009-11-07
Blog
BankTrack news BankTrack blog Partner news Partner blog

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
Resources
Documents
2025-02-28 00:00:00

Code of ethics and business conduct

Company document
2025-02-28 00:00:00 | Lockheed Martin
2025-04-29 00:00:00

Commitment to Human Rights

date listed represents date as accessed on website
Company document
2025-04-29 00:00:00 | Lockheed Martin
2024-06-30 00:00:00

Annual report 2023

Annual report
2024-06-30 00:00:00 | Lockheed Martin
2025-04-29 00:00:00

Annual report 2024

Annual report
2025-04-29 00:00:00 | Lockheed Martin
2017-07-28 00:00:00

Deadly Investments

UK bank complicity in Israel’s crimes against the Palestine people
NGO document
2017-07-28 00:00:00 | War on Want
2018-03-30 00:00:00

Don’t Bank on the Bomb

A Global Report on the Financing of Nuclear Weapons Producers
NGO document
2018-03-30 00:00:00 | PAX and ICAN
2019-05-22 00:00:00

Dirty Profits 7

Out of Control: Irresponsible weapons transfers and future weapon systems
NGO document
2019-05-22 00:00:00 | Facing Finance
2017-07-03 00:00:00

Deadly Investments

UK bank complicity in Israel’s crimes against the Palestinian people
NGO document
2017-07-03 00:00:00 | War on Want
2013-12-12 00:00:00

Dont bank on the Bomb Report 2013

A Global Report on the Financing of Nuclear Weapons Producers
NGO document
2013-12-12 00:00:00 | IKV Pax Christi
2013-06-13 00:00:00

Recommendation concerning the exclusion of Lockheed Martin Corp. from the investment universe of the Government Pension Fund Global

Letter to the Ministry of Finance
Other bank document
2013-06-13 00:00:00 | Council on Ethics of the Norwegian Government Pension Fund Global
2012-12-23 00:00:00

Dirty Profits

Report onCompanies andFinancialInstitutionsBenefi ting fromViolations ofHumanRights
NGO document
2012-12-23 00:00:00 | Facing Finance
2012-06-01 00:00:00

Worldwide investments in cluster munitions- a shared responsibility

NGO document
2012-06-01 00:00:00 | FairFin, IKV Pax Christi
2010-04-01 00:00:00

Update April 2010. Summary and Key findings: Worldwide investments in cluster munitions, a shared responsibility

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
2010-04-01 00:00:00

Update April 2010: Worldwide investments in cluster munitions, a shared responsibility.

NGO document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV Pax Christi
2009-11-05 00:00:00

Lockheed Martin

Other document
2009-11-05 00:00:00 | Netwerk Vlaanderen et. al.
2009-10-01 00:00:00

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

NGO document
2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
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