Lockheed Martin

Lockheed Martin (NYSE: LMT) is an American global aerospace, defense, security, and advanced technology company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in Bethesda, Maryland, in the Washington Metropolitan Area. Lockheed Martin employs 123,000 people worldwide. Robert J. Stevens is the current Chairman and Chief Executive Officer.

Lockheed Martin is one of the world's largest defense contractors; In 2009, 74% of Lockheed Martin's revenues came from military sales. It received 7.1% of the funds paid out by the Pentagon.

Lockheed Martin operates in four business segments. These comprise, with respective percentages of 2009 total net sales of $45.2 billion, Aeronautics (27%), Electronic Systems (27%), Information Systems & Global Solutions (27%), and Space Systems (19%). In 2009 US Government contracts accounted for $38.4 billion (85%), foreign government contracts $5.8 billion (13%), and commercial and other contracts for $900 million (2%). In both 2009 and 2008 the company topped the list of US Federal Contractors.

The company has received the Collier Trophy six times. Most recently (in 2001) for being part of developing the X-35/F-35B LiftFan Propulsion System, and again in 2006 for leading the team that developed the F-22 Raptor fighter jet. Lockheed Martin is currently developing the F-35 Lightning II.

Read more about Lockheed MartinHistory, Government Contracts, Corporate Governance, Lobbying, Management Theories

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List Of Accidents And Incidents Involving Military Aircraft (2000–present) - 2006
3 April – A USAF Lockheed C-5B Galaxy, 84-0059, of 436th Airlift Wing/512th Airlift Wing AF Reserve, crashes in a field one mile (1.6 km) short of the runway. 23 May – A Greek Lockheed Martin F-16C Block 52 Fighting Falcon, 56-0514, c/n 182-3122, of 343 Mira, and Turkish TAI F-16C Block 40 Fighting Falcon, 93-0684, c/n HC-28, of 192 Filo, based at. 14 September – A US Air Force Lockheed Martin F-16CJ/D Block 50B Fighting Falcon, 91-0337, of the 22d Fighter Squadron, 52d Fighter Wing, based out of Spangdahlem Air Base, Germany ...
Lockheed Martin - Management Theories
... Along with the Board, the CEO, COO and CFO lead Lockheed Martin and provide oversight of the corporation These executives sit at corporate headquarters and oversee ... Lockheed Martin separates its employees based on their assigned program ... Lockheed Martin manages and maintains its relationship with these touch workers through its supervisors and unions ...
Lockheed Martin Shooting
... The Lockheed Martin shooting was an act of mass murder that occurred on July 8, 2003 at the Lockheed Martin plant in Meridian, Mississippi, United States ...
S. K. Gupta - Career - Business Career
... Gupta started working for Designers and Planners Inc, before moving to Lockheed Martin in January of 1982 ... became manager of technical programs at Lockheed Shipbuilding Company by 1986 ... Gupta was the Vice President of Operations for Lockheed Martin Space Systems Company (SSC) from 2001 until 2011 ...
Lockheed Martin X-55 - Design and Development
... Lockheed Martin's design for Advanced Composite Cargo Aircraft (ACCA) was chosen over Aurora Flight Sciences' design based on the An-72 in 2007 ... The first flight was completed at Lockheed Martin's Advanced Development Programs facility (Air Force Plant 42) in Palmdale, California on June 2, 2009 by ...

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