Lockheed Martinvs.Northrop Grumman
LMT vs NOC · both in Defense integrators, part of the Defense, security & space value chain: The large primes that integrate complete defense systems and platforms.
Lockheed Martin is about 1.7× larger than Northrop Grumman by market cap; Northrop Grumman trades at the lower P/E (18.3 vs 22.0); year to date, Lockheed Martin leads (+16.6% vs −3.7%).
Supply-chain link: Northrop Grumman supplies Lockheed Martin.
Side by side
| LMT | NOC | |
|---|---|---|
| Market cap | $138B | $82.1B |
| Price | $556.52 | $542.52 |
| Today | −1.4% | −1.2% |
| Return YTD | +16.6% | −3.7% |
| Return 1Y | +26.4% | −7.3% |
| P/E | 22.0 | 18.3 |
| P/S | 1.8 | 1.9 |
| P/B | 15.8 | 4.6 |
Data as of 2026-08-26 · updates daily after U.S. close
The two companies
Lockheed MartinLMT
The F-35 fighter runs through everything Lockheed Martin does, and there is no bigger defense contractor. Missile defense plus space and satellite systems make up the rest of the work, sold to the US and its allies.
Full LMT profile →Northrop GrummanNOC
Weighted toward the strategic end of American defense. Northrop Grumman builds the B-21 bomber and strategic missiles, and its space programs form a third leg.
Full NOC profile →More LMT & NOC comparisons
Other head-to-heads in the Defense integrators segment.