Lockheed Martin Corporation (LMT)
Lockheed Martin is the world's largest defense contractor, best known for the F-35 fighter program along with missiles, satellites, and space systems. Its revenue is dominated by long-term US government contracts.
Industrials stock comparison
LMT vs TDG: which business are you actually underwriting?
Compare Lockheed Martin Corporation with TransDigm Group Incorporated using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
- Sector
- Industrials
- Industry
- Different SIC
- Shared themes
- 2
- Updated
- 2026-01-29
LMT vs TDG: quick comparison
| Company fact | LMT | TDG |
|---|---|---|
| Company | Lockheed Martin Corporation | TransDigm Group Incorporated |
| Exchange | NYSE | NYSE |
| Headquarters | Bethesda, Maryland | Not recorded |
| Founded | 1995 | Not recorded |
| SEC industry | Guided Missiles & Space Vehicles & Parts | Aircraft Parts & Auxiliary Equipment, NEC |
| Fiscal year-end | December 31 | September 30 |
| Latest annual filing | 10-K · 2026-01-29 | 10-K · 2025-11-12 |
How the businesses differ
TransDigm Group Incorporated (TDG)
TransDigm makes proprietary aerospace components used on commercial and military aircraft.
The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. LMT is classified by the SEC as Guided Missiles & Space Vehicles & Parts, while TDG is classified as Aircraft Parts & Auxiliary Equipment, NEC. The different industry codes are a warning against treating sector membership as proof of identical economics.
Which thesis does each company fit?
Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.
Study LMT when…
- Capital-spending and manufacturing PMIs
- Reshoring and supply-chain reconfiguration
- Defense budgets and geopolitical conflict
- Freight rates and logistics demand
Study TDG when…
- Capital-spending and manufacturing PMIs
- Reshoring and supply-chain reconfiguration
- Defense budgets and geopolitical conflict
- Freight rates and logistics demand
Shared research themes
US marketsWars & geopolitics
SEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.LMT's fiscal year ends December 31, while TDG's ends September 30. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House Clerk snapshot contains 0matched transaction rows for LMTand 0 for TDG. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
LMT primary filings
TDG primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving LMT or TDG
LMT vs TDG FAQs
Are LMT and TDG direct competitors?
Lockheed Martin Corporation and TransDigm Group Incorporated sit in the same Industrials sector but have different SEC industry classifications. The comparison is most useful for portfolio role and sector exposure, not as a claim that every product competes directly.
Which is better, LMT or TDG?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this LMT vs TDG comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. Use a regulated broker or licensed quote provider for current prices, then use the primary filings here to test the business thesis.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-08-10. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-08-10. Independent educational research; not investment advice.
Go beyond LMT vs TDG.
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