The main difference between Lockheed Martin and Northrup Grumman is their primary focus. Lockheed Martin primarily focuses on aerospace and defense, while Northrup Grumman's focus is on technology and innovation. They also have different portfolios of products and services, with Lockheed Martin being more focused on military aircraft and missiles, and Northrup Grumman being more focused on cybersecurity and space systems.
As of 2021, Lockheed Martin has a higher market value than Northrup Grumman. According to Forbes, Lockheed Martin's market value is approximately $104.1 billion, while Northrup Grumman's market value is approximately $54.7 billion.
In terms of research and development (R&D) budgets, Lockheed Martin has a significantly higher budget than Northrup Grumman. In 2020, Lockheed Martin's R&D budget was approximately $1.11 billion, while Northrup Grumman's was approximately $516 million.
Lockheed Martin has a larger global presence than Northrup Grumman. According to their respective websites, Lockheed Martin has operations in over 70 countries, while Northrup Grumman has operations in approximately 25 countries.
Both Lockheed Martin and Northrup Grumman have various ongoing projects and contracts with the US government and other countries. Some of Lockheed Martin's current projects include the F-35 Joint Strike Fighter and the Orion spacecraft, while Northrup Grumman's current projects include the B-21 Raider stealth bomber and the James Webb Space Telescope.