OTTAWA, Ontario, May 26, 2026 – Lockheed Martin Canada contributed $3.6 billion (CAD) to the Canadian economy in the last five years, underscoring its vital role in strengthening sovereign defence capabilities and supporting over 4,500 annual jobs across its Canadian operations and national supply chain, according to a new Economic Impact Report by Deloitte Consulting LLP.

Supported by more than 1,000 employees across seven sites from Victoria to Halifax, Lockheed Martin Canada generates substantial economic activity, building and delivering Canadian systems and accelerating opportunities for a vast Canadian supplier network across air, land, maritime and space domains.

Over the last five years:

$3.6 billion contributed to Canadian GDP
$2.4 billion in labour income
4,561 average annual jobs supported
$831 million in government revenues generated
More than 1,000 Canadian suppliers engaged, ranging from SMEs to leading Canadian corporations

WHY IT MATTERS

A long-standing contributor to Canada’s defence and industrial base, Lockheed Martin Canada’s impacts extend beyond the company’s direct operations, through a broad supplier network, reinforcing industrial activity across advanced manufacturing, engineering, digital systems and sustainment services.
Aligned to Canada’s Defence Industrial Strategy, this study provides an evidence-based assessment of how Lockheed Martin Canada’s activities contribute to Canada’s economic prosperity, industrial capacity and workforce resilience.
A key driver of Canada’s industrial sustainability depends on participation in global supply chains and export markets. Lockheed Martin Canada helps connect Canadian companies to those global opportunities. Participation in these programs gives Canadian companies long-term opportunities to scale production, develop specialized expertise, compete internationally and create highly skilled jobs.
Lockheed Martin Canada’s investments in people and skills development also strengthens Canada’s future workforce through co-op programs, university partnerships and STEM initiatives, building talent within advanced defence and technology sectors.
Taken together, Lockheed Martin Canada’s long-standing presence, demonstrated economic and employment growth, export of Canadian-developed capabilities and sustained investment in workforce development position the company as a trusted strategic partner within Canada’s defence and industrial ecosystem.

EXPERT PERSPECTIVE

“For more than 85 years, Lockheed Martin Canada has supported the country’s defence and security priorities while operating as a long-term Canadian industrial and technology partner,” said Kristen Leroux, vice president and regional executive for Canada and Latin America at Lockheed Martin. “Contributing $3.6 billion to Canada’s GDP and supporting an average of 4,561 jobs annually over the last five years, is an achievement our teams are proud of.”

ADDITIONAL CONTEXT

Beyond its economic footprint, Lockheed Martin Canada plays a strategic role in defence readiness, industrial resilience and allied interoperability. Canadian-developed systems and capabilities support national defence priorities while enabling participation in global defence supply chains, and the export of Canadian sovereign technologies to allied markets. These activities embed Canadian firms and expertise within long-term international programs and sustain high-value industrial participation over decades.

About Lockheed Martin Canada

Headquartered in Ottawa, Lockheed Martin Canada is a wholly-owned subsidiary of Lockheed Martin Corporation. Our 1000-strong Canadian workforce accelerates the delivery of all-domain mission solutions for Canada and allies, providing advanced software engineering, systems integration, manufacturing, training and sustainment services. More information at lockheedmartin.ca.

Media Contacts:

Amanda Hauck, +1 613-797-4334, amanda.hauck@global.lmco.com