Lockheed Martin (LMT) r&d spend was $2.0B in FY2025 (+25% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$2.0B
+25%
2024
$1.6B
+7%
2023
$1.5B
-12%
2022
$1.7B
+13%
2021
$1.5B
+15%
2020
$1.3B
+0%
2019
$1.3B
+0%
2018
$1.3B
+8%
2017
$1.2B
+21%
2016
$988M
+21%
2015
$817M
+11%
2014
$733M
+5%
2013
$697M
+13%
2012
$616M
+5%
2011
$585M
-8%
2010
$639M
-11%
2009
$717M
+3%
2008
$698M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q4 2025
$2.0B
Q4 2024
$1.6B
Q4 2023
$1.5B
Q4 2022
$1.7B
Q4 2021
$1.5B
Q4 2020
$1.3B
Q4 2019
$1.3B
Q4 2018
$1.3B
Q4 2017
$1.2B
Q4 2016
$988M
Q4 2015
$817M
Q4 2014
$733M
Source: LMT on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.