(Fortune) -- Lockheed Martin (Charts) ranks no. 150 on FORTUNE's Global 500 this year, with $37.2 billion in revenues, up 4.7% from the previous year. The Bethesda, Maryland-based company was ranked no. 135 on the 2005 list. Its 2005 profits were $1.8 billion, up 44.2% from a year earlier. 2005 was a banner year for most Global 500 companies.

It took $13.7 billion in revenue just to make this year's list - up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world's GDP.

In the Aerospace and Defense industry, profits were up 29.2% from the previous year. The world's biggest companies in the sector are: Boeing (Charts), ranked no. 91 on the Global 500 with $54.8 billion in revenues; United Technologies (Charts), ranked no. 126 on the Global 500 with $42.7 billion in revenues; and EADS, ranked no. 130 on the Global 500 with $42.5 billion in revenues.

The Global 500 list is an annual ranking of the world's largest corporations by revenues.

Next: Full list: 2006 Global 500 at http://money.cnn.com/global500

Plus: See Lockheed Martin's Global 500 details, including financial stats and contact information.