# If Lockheed Martin moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/lockheed-martin · Facet: ripple · Updated: 2026-07-12T04:18:52.212+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Lockheed Martin is directly linked to 8 companies (7 supply, 1 revenue relationships) and reaches 14 companies within two hops; the links are backed by 17 dated sources, 4 of them primary filings (as of 2026-07-12).

Lockheed Martin operates across NYSE, Defense prime, F-35, PAC-3, missiles. It is +10.6% in 2026. Demand side (avg -24.6%), the stock (+10.6%) and supply side (avg +20.6%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Moog (+53%) and the furthest behind is Korea Aerospace Industries (-24.6%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It sits at the demand apex of the defense chain, flowing DoD budgets down to Kratos, Mercury, Teledyne, Karman and L3Harris (Aerojet).

## Demand chain (leading)
- T1 Korea Aerospace Industries (https://valuechain.wiki/kai.md)
- T2 Airbus (https://valuechain.wiki/airbus.md)
- T3 Eutelsat Group (https://valuechain.wiki/eutelsat.md)
- T3 Voyager Technologies (https://valuechain.wiki/voyager-technologies.md)
- T3 Delta Air Lines (https://valuechain.wiki/delta-air-lines.md)
- T3 United Airlines Holdings, Inc. (https://valuechain.wiki/united-airlines-holdings.md)
- T2 Boeing (https://valuechain.wiki/boeing.md)
- T3 SES S.A. (https://valuechain.wiki/ses.md)
- T3 Viasat (https://valuechain.wiki/viasat.md)
- T3 United Parcel Service, Inc. (https://valuechain.wiki/united-parcel-service.md)
- T3 FedEx (https://valuechain.wiki/fedex.md)

## Supply chain (benefiting)
- T1 Firefly Aerospace (https://valuechain.wiki/firefly-aerospace.md)
- T2 SpaceX (https://valuechain.wiki/spacex.md)
- T3 STMicroelectronics (https://valuechain.wiki/stmicroelectronics.md)
- T3 EchoStar Corporation (https://valuechain.wiki/echostar.md)
- T2 Northrop Grumman (https://valuechain.wiki/northrop-grumman.md)
- T1 Moog (https://valuechain.wiki/moog.md)
- T1 Kratos Defense (https://valuechain.wiki/kratos.md)
- T2 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T3 Micron Technology (https://valuechain.wiki/micron.md)
- T3 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T3 Siemens EDA (https://valuechain.wiki/siemens-eda.md)
- T3 TSMC (https://valuechain.wiki/tsmc.md)
- T3 Coherent (https://valuechain.wiki/coherent.md)
- T3 Monolithic Power (https://valuechain.wiki/monolithic-power.md)
- T3 Kioxia (https://valuechain.wiki/kioxia.md)
- T3 ASE Technology (https://valuechain.wiki/ase.md)
- T3 Nan Ya PCB (https://valuechain.wiki/nanya-pcb.md)
- T3 Synopsys (https://valuechain.wiki/synopsys.md)
- T3 Cadence Design Systems (https://valuechain.wiki/cadence.md)
- T3 Arm Holdings (https://valuechain.wiki/arm.md)
- T3 Unimicron (https://valuechain.wiki/unimicron.md)
- T3 Advantest (https://valuechain.wiki/advantest.md)
- T3 Teradyne (https://valuechain.wiki/teradyne.md)
- T3 LG Innotek (https://valuechain.wiki/lg-innotek.md)
- T3 OpenAI (https://valuechain.wiki/openai.md)
- T3 Lumentum (https://valuechain.wiki/lumentum.md)
- T3 Fabrinet (https://valuechain.wiki/fabrinet.md)
- T3 Eoptolink (https://valuechain.wiki/eoptolink.md)
- T3 Keysight Technologies (https://valuechain.wiki/keysight.md)
- T3 Amphenol (https://valuechain.wiki/amphenol.md)
- T3 Corning (https://valuechain.wiki/corning.md)
- T3 Nebius Group (https://valuechain.wiki/nebius.md)
- T3 ABB (https://valuechain.wiki/abb.md)
- T3 Murata Manufacturing (https://valuechain.wiki/murata.md)
- T3 Recursion Pharmaceuticals (https://valuechain.wiki/recursion.md)
- T3 onsemi (https://valuechain.wiki/onsemi.md)
- T3 BlackRock (https://valuechain.wiki/blackrock.md)
- T3 Analog Devices (https://valuechain.wiki/analog-devices.md)
- T3 MediaTek (https://valuechain.wiki/mediatek.md)
- T3 BYD Electronics (https://valuechain.wiki/byd-electronics.md)
- T3 Wistron (https://valuechain.wiki/wistron.md)
- T3 Pegatron (https://valuechain.wiki/pegatron.md)
- T3 Samsung Electro-Mechanics (https://valuechain.wiki/samsung-electro-mechanics.md)
- T3 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T3 CoreWeave (https://valuechain.wiki/coreweave.md)
- T3 Ibiden (https://valuechain.wiki/ibiden.md)
- T3 Luxshare Precision (https://valuechain.wiki/luxshare.md)
- T3 King Yuan Electronics (KYEC) (https://valuechain.wiki/kyec.md)
- T3 InnoLight (https://valuechain.wiki/innolight.md)
- T3 Delta Electronics (https://valuechain.wiki/delta-electronics.md)
- T3 TE Connectivity (https://valuechain.wiki/te-connectivity.md)
- T3 Digital Realty (https://valuechain.wiki/digital-realty.md)
- T2 Karman Holdings (https://valuechain.wiki/karman.md)
- T2 Teledyne Technologies (https://valuechain.wiki/teledyne.md)
- T3 Sidus Space (https://valuechain.wiki/sidus-space.md)
- T1 Mercury Systems (https://valuechain.wiki/mercury-systems.md)
- T2 Intel (https://valuechain.wiki/intel.md)
- T3 ASML (https://valuechain.wiki/asml.md)
- T3 Simmtech (https://valuechain.wiki/simmtech.md)
- T3 SCREEN Holdings (https://valuechain.wiki/screen-holdings.md)
- T3 Applied Materials (https://valuechain.wiki/applied-materials.md)
- T3 Lasertec (https://valuechain.wiki/lasertec.md)
- T3 KLA (https://valuechain.wiki/kla.md)
- T3 Tokyo Ohka Kogyo (TOK) (https://valuechain.wiki/tokyo-ohka.md)
- T3 ASM International (https://valuechain.wiki/asm-international.md)
- T3 JSR Corporation (https://valuechain.wiki/jsr.md)
- T3 Entegris (https://valuechain.wiki/entegris.md)
- T3 BESI (https://valuechain.wiki/besi.md)
- T3 HPSP (https://valuechain.wiki/hpsp.md)
- T3 PSK Inc (https://valuechain.wiki/psk-inc.md)
- T3 Tokyo Electron (TEL) (https://valuechain.wiki/tokyo-electron.md)
- T3 Shin-Etsu Chemical (https://valuechain.wiki/shin-etsu.md)
- T3 SUMCO Corporation (https://valuechain.wiki/sumco.md)
- T3 GlobalWafers (https://valuechain.wiki/globalwafers.md)
- T3 Shinko Electric Industries (https://valuechain.wiki/shinko.md)
- T3 AT&S (https://valuechain.wiki/at-s.md)
- T3 Linde (https://valuechain.wiki/linde.md)
- T3 Mobileye (https://valuechain.wiki/mobileye.md)
- T3 Merck KGaA (EMD) (https://valuechain.wiki/merck-kgaa.md)
- T3 Photronics (https://valuechain.wiki/photronics.md)
- T3 Nikon (https://valuechain.wiki/nikon.md)
- T1 L3Harris (https://valuechain.wiki/l3harris.md)

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Full node: https://valuechain.wiki/lockheed-martin.md · JSON: https://valuechain.wiki/lockheed-martin.json