Quick Verdict
Lockheed Martin (LMT) is NOT HALAL. This is one of the clearest-cut exclusions in Islamic investing. Lockheed Martin is essentially 100% a weapons and military systems manufacturer — there is no significant civilian or neutral business to offset this.
What Lockheed Martin Does
Lockheed Martin earns approximately 94-97% of its total revenue from US government defense contracts:
- Aeronautics: F-35 Lightning II, F-22 Raptor, C-130 Hercules military transport
- Missiles & Fire Control: ATACMS missiles, Javelin anti-tank systems, PAC-3 air defense
- Rotary & Mission Systems: Sikorsky helicopters, cyber warfare systems
- Space: Military satellite systems, ballistic missile defense
There is no "civilian business" at Lockheed Martin. The company exists to produce weapons of war.
Why There's No Debate
With Boeing, there's at least a discussion about commercial aircraft versus defense. With Lockheed Martin, there's no such balance. 95%+ of revenue comes from government defense programs — mostly weapons, fighter jets, and missiles.
Islamic screening methodology applies a 5% threshold for haram business activities. Lockheed fails this by approximately 90 percentage points.
Screening Agencies' Verdict
- Zoya App — Not Compliant ❌
- MSCI Islamic Index — Excluded ❌
- Every major halal ETF — Not held ❌
Bottom Line
Skip Lockheed Martin. It's not a gray area. If you want defense-adjacent exposure without weapons manufacturing, look at companies providing logistics, IT services, or neutral technology to government agencies.
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