Lockheed Martin

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Template:Infobox Company$35.526 billion USD (2004), a backlog of $74 billion USD and free cash flow of $2.155 billion USD.|

 products       = ATC systems, ballistic missiles, munitions, NMD elements, transport aircraft, fighter aircraft, radar, satellites, Atlas launch vehicles, Titan launch vehicles, numerous others |
 homepage       = www.lockheedmartin.com

}}

Lockheed Martin (Template:Nyse) is an aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. It is headquartered in Bethesda, Maryland, a community in Montgomery County, Maryland, and employs 135,000 people worldwide. Robert J. Stevens is the current Chairman, President, and CEO.

Lockheed Martin is the world's largest defense contractor [1]. As of 2005, 95% of Lockheed Martin's revenues came from the U.S. Department of Defense, other U.S. federal government agencies, and foreign military customers.

Contents 1 History 1.1 Lockheed 1.2 Martin Marietta 1.2.1 Satellites 2 Corporate governance 3 Divisions 3.1 Aeronautics 3.2 Electronic Systems 3.3 Information & Technology Services 3.4 Integrated Systems & Solutions 3.5 Space Systems 3.6 Others 3.7 Joint Ventures 4 Trivia 5 See also 6 External links

History

Shortly after the creation of the company Lockheed Martin acquired the majority of Loral Corporation's defense electronics and system integration businesses for $9.1 billion. The remainder of Loral became Loral Space & Communications.

In 1998, Lockheed Martin abandoned plans to merge with Northrop Grumman due to government fears of the potential strength of the new group (Lockheed/Northrop would have had control of 25% of the DoD's procurement budget).

In 2000, Lockheed agreed to pay a $13 million settlement to the US government for breaching the arms export control act. The company passed information to AsiaSat, a major shareholder of which is the Chinese government. Image:Joint Strike Fighter.jpg Lockheed Martin won the contract to build the Joint Strike Fighter in 2001 with its X-35 design. This is the most important fighter aircraft procurement project since the F-16, with an initial order of 3,000 worth $200 billion before export orders.

In 2003, Lockheed Martin benefited from a USAF decision to punish Boeing for conducting industrial espionage against its rival. The USAF revoked $1 billion worth of contracts from Boeing and awarded them to Lockheed Martin. The company sued Boeing in 1998 for stealing documents related to a military contract.

Lockheed Martin was formed by a "merger of equals". Below are examples of the products each company contributed to the current portfolio:

Lockheed

• Trident missile
• F-16 Fighting Falcon (production line purchased from General Dynamics in 1993)
• F-22
• C-130 Hercules
• A-4AR Fightinghawk
• DSCS-3 satellite

Image:Usaf.c130.750pix.jpg

Martin Marietta

• Titan rockets
• Sandia National Laboratories (management contract acquired in 1993)

Satellites

• A2100
• Martin Marietta 3000
• Martin Marietta 4000
• Martin Marietta 8000
• Tiros-N meteorological satellites

Corporate governance

Current members of the board of directors of Lockheed Martin are: Edward Aldridge, Nolan Archibald, Marcus Bennett, James O. Ellis, Gwendolyn King, James Loy, Douglas McCorkindale, Eugene Murphy, Joseph Ralston, Frank Savage, Anne Stevens, Robert J. Stevens, James Ukropina, and Douglas Yearley.

Divisions

Aeronautics

• Lockheed Martin Aeronautics

Image:Trident missile image.jpg

Electronic Systems

• Lockheed Martin Canada
• Lockheed Martin Maritime Systems & Sensors
• Lockheed Martin Missiles & Fire Control
• Lockheed Martin Simulation, Training & Support
• Lockheed Martin Systems Integration - Owego
• Lockheed Martin Transportation & Security Solutions

Information & Technology Services

• Sandia Corporation
• Knolls Atomic Power Laboratory
• Lockheed Martin Aircraft & Logistics Centers
• Lockheed Martin Aircraft Argentina SA (formerly Fabrica Militar de Aviones)
• Lockheed Martin Information Technology
• Lockheed Martin Space Operations
• Lockheed Martin Systems Management
• Lockheed Martin Technical Operations
• Lockheed Martin Technology Ventures

Integrated Systems & Solutions

• Lockheed Martin Integrated Systems & Solutions
  • Lockheed Martin Orincon
  • Lockheed Martin STASYS

Space Systems

• Lockheed Martin Space Systems

Others

• LMC Properties
• Lockheed Martin Enterprise Information Systems
• Lockheed Martin Finance Corporation
• Lockheed Martin U.K.

Joint Ventures

• International Launch Services (with Khrunichev, RSC Energia)
• Lockheed Martin Alenia Tactical Transport Systems (with Finmeccanica-Alenia, now folded)
• MEADS International (with EADS and MBDA)
• Space Imaging (46%, remainder public)
• United Launch Alliance (with Boeing, subject to US Government approval as of 01/2006)
• United Space Alliance (with Boeing)
• Kelly Aviation Center (with GE and Rolls Royce)

Trivia

• The firm's name, "Lockheed Martin," is sometimes colloquially abbreviated as "LockMart," derived from the first syllables of each word in the name.[2]

See also

• Lockheed Scandal
• Titan Rain

External links

• Lockheed Martin website
• Article on Lockheed Martin from the Center for Media and Democracy
• Template:Cite web

Lists of Aircraft | Aircraft manufacturers | Aircraft engines | Aircraft engine manufacturers Airports | Airlines | Air forces | Aircraft weapons | Missiles | Timeline of aviation

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