# LOCKHEED MARTIN CORP (LMT) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from LOCKHEED MARTIN CORP's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/LMT/mda/fy2025/): filed 2026-01-29; accession 0001628280-26-004195 (https://www.sec.gov/Archives/edgar/data/936468/000162828026004195/lmt-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/LMT/mda/fy2024/): filed 2025-01-28; accession 0000936468-25-000009 (https://www.sec.gov/Archives/edgar/data/936468/000093646825000009/lmt-20241231.htm)
- [FY 2023 MD&A](/company/LMT/mda/fy2023/): filed 2024-01-23; accession 0000936468-24-000010 (https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm)
- [FY 2022 MD&A](/company/LMT/mda/fy2022/): filed 2023-01-26; accession 0000936468-23-000009 (https://www.sec.gov/Archives/edgar/data/936468/000093646823000009/lmt-20221231.htm)
- [FY 2021 MD&A](/company/LMT/mda/fy2021/): filed 2022-01-25; accession 0000936468-22-000008 (https://www.sec.gov/Archives/edgar/data/936468/000093646822000008/lmt-20211231.htm)

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