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Lockheed Martin Corporation

Lockheed Martin
Public company
Traded as
Industry Aerospace, Defense, Information Security and Advanced Technologies
Predecessors Lockheed Corporation and
Martin Marietta
Founded March 15, 1995; 21 years ago (1995-03-15)
Headquarters Bethesda, Maryland,
United States
Area served
Worldwide
Key people
Marillyn A. Hewson (CEO, Chairman, President)
Products ATC Systems
Ballistic Missiles
Precision-guided munitions
Missile Defense Elements
Directed-energy weapons
Combat Systems
Littoral combat ships
Armoured fighting vehicles
Combat aircraft
Military Support Aircraft
Robotic Systems
Radar Technologies
Electronic Warfare Systems
Multi-Function Sensor Systems
Satellites
Atlas V Launch Vehicles
Spacecraft
ICT Solutions and Software
Energy Management
and Storage Systems
Revenue IncreaseUS$46.132 billion (FY 2015)
Decrease US$5.3546 billion (FY 2015)
Profit Decrease US$3.605 billion (FY 2015)
Total assets Decrease US$47.806 billion (FY 2016)
Total equity Decrease US$3.097 billion (FY 2015)
Number of employees
126,000 (February 2016)
Subsidiaries
  • Lockheed Martin Aerospace Systems Integration Corporation
  • Lockheed Martin Australia Pty Limited
  • Lockheed Martin Canada Inc.
  • Lockheed Martin Desktop Solutions, Inc.
  • Lockheed Martin Engine Investments, LLC
  • Lockheed Martin Global, Inc.
  • Lockheed Martin Integrated Systems, Inc.
  • Lockheed Martin Integrated Technology, LLC
  • Lockheed Martin International Service Corporation
  • Lockheed Martin Investments Inc.
  • Lockheed Martin Logistics Management, Inc.
  • Lockheed Martin Operations Support, Inc.
  • Lockheed Martin Services, Inc.
  • Lockheed Martin Space Alliance Company
  • Lockheed Martin UK Ampthill Limited
  • Lockheed Martin UK Limited
  • Lockheed Martin BTS Limited
  • QTC Holdings Inc.
  • Sandia Corporation
  • Sikorsky Aircraft Corporation
Website LockheedMartin.com

Lockheed Martin (: LMT) is an American global aerospace, defense, security and advanced technologies 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, DC, area. Lockheed Martin employs 126,000 people worldwide.Marillyn Hewson is the current President and Chief Executive Officer.

Lockheed Martin is one of the largest companies in the aerospace, defense, security, and technologies industry. It is the world's largest defense contractor based on revenue for fiscal year 2014. In 2013, 78% of Lockheed Martin's revenues came from military sales; it topped the list of US federal government contractors and received nearly 10% of the funds paid out by the Pentagon. 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%).

Lockheed Martin operates in five business segments: Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems. The company received the Collier Trophy six times, including in 2001 for being part of developing the X-35/F-35B LiftFan Propulsion System, and most recently in 2006 for leading the team that developed the F-22 Raptor fighter jet. Lockheed Martin is currently developing the F-35 Lightning II and leads the international supply chain, leads the team for the development and implementation of technology solutions for the new USAF Space Fence (AFSSS replacement), and is the primary contractor for the development of the Orion (spacecraft) command module. The company also invests in healthcare systems, renewable energy systems, intelligent energy distribution and compact nuclear fusion.


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