| Lockheed Martin | |
|---|---|
| Type | Public (NYSE: LMT) |
| Founded | 1912 (in 1995, company took on current name) |
| Headquarters | Bethesda, Maryland |
| Key people | Robert J. Stevens: Chairman, President, and Chief Executive Officer |
| Industry | Aerospace and defense |
| Products | ATC systems, ballistic missiles, munitions, NMD elements, transport aircraft, fighter aircraft, radar, satellites, Atlas launch vehicles, NASA's Orion spacecraft, numerous others |
| Revenue | ▲41. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Year 1912 ( MCMXII) was a Leap year starting on Monday (link will display the full calendar of the Gregorian calendar (or a Leap year starting Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 Bethesda is an Unincorporated area in southern Montgomery County Maryland, just Northwest of Washington D Robert J Stevens (born c 1952) serves as Chairman, President and Chief Executive Officer (CEO of Lockheed Martin. President is a Title leaders of Organizations companies, Trade unions universities, and countries. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Aerospace engineering is the branch of Engineering behind the design construction and science of Aircraft and Spacecraft. Defence In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Air traffic control ( ATC) is a service provided by ground-based controllers who direct Aircraft on the ground and in the air National missile defense (NMD as a generic term is a type of Missile defense: a military strategy and associated systems to shield an entire country against incoming Atlas is a family of US space Launch vehicles The original Atlas missile was designed in the late 1950s The National Aeronautics and Space Administration ( NASA, ˈnæsə is an agency of the United States government, responsible for the nation's public space program Orion is a Spacecraft design currently under development by the United States space agency NASA. In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 862 billion USD (2007), and a backlog of $74. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. 825 billion USD. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been |
| Employees | 140,000 |
| Website | www.lockheedmartin.com |
Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Multinational corporation ( MNC) or transnational corporation ( TNC) is a Corporation or enterprise that manages Production or delivers An aerospace manufacturer is a company or individual involved in the various aspects of designing building testing selling and maintaining Aircraft, Aircraft parts Generally a company is a form of Business organization. The precise definition varies Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 In Microeconomics and Strategic management, the term horizontal integration describes a type of ownership and control The Lockheed Corporation (originally Loughead Aircraft Manufacturing Company was an American aerospace company founded in 1912 which merged with Martin Marietta Martin Marietta Corporation was founded in 1961 through the Merger of The Martin Company and American-Marietta Corporation. It is headquartered in Bethesda, an unincorporated area in Montgomery County, Maryland and a suburb of Washington, D.C. Lockheed Martin employs 140,000 people worldwide. Bethesda is an Unincorporated area in southern Montgomery County Maryland, just Northwest of Washington D In Law, an unincorporated area is a region of land that is not a part of any Municipality. Montgomery County of the US state of Maryland is situated just north of Washington D South San Jose (cropjpg||thumb|A suburban development in San Jose California. Washington DC ( formally the District of Columbia and commonly referred to as Washington, the District, or simply D Robert J. Stevens is the current Chairman, President, and Chief Executive Officer. Robert J Stevens (born c 1952) serves as Chairman, President and Chief Executive Officer (CEO of Lockheed Martin. President is a Title leaders of Organizations companies, Trade unions universities, and countries. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator
Lockheed Martin is the world's largest defense contractor (by revenue). A defense contractor (or defence contractor, also sometimes called a military contractor) is a Business organization or individual that provides products [1] As of 2005, 95% of Lockheed Martin's revenues came from the United States Department of Defense, other U.S. federal government agencies, and foreign military customers. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. The United States of America —commonly referred to as the The United States Department of Defense ( DOD or DoD) is the federal department charged with coordinating and supervising all agencies and functions of the government The federal government of the United States is the central United States Governmental body established by the United States Constitution.
A team led by prime contractor Lockheed Martin won the 2006 Collier Trophy for the development of the F-22 Raptor fighter jet. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. The Collier Trophy is an annual Aviation award administered by the U A fighter aircraft is a Military aircraft designed primarily for air-to-air combat with other Aircraft, as opposed to a Bomber, which is designed
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Merger talks between Lockheed Corporation and Martin Marietta began in March 1994, with the companies announcing their $10 billion planned merge on August 30, 1994. Events 1363 - Beginning date of the Battle of Lake Poyang; the forces of two Chinese rebel leaders— Chen Youliang and Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) [2] The deal was finalized on March 15, 1995 when the two companies' shareholders approved the merger. Events 44 BC - Julius Caesar, Dictator of the Roman Republic, is stabbed to death by Marcus Junius Brutus, Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 [3] The segments of the two companies not retained by the new company formed the basis for the present L-3 Communications, a mid-size defense contractor in its own right. Not to be confused with Level 3 Communications, an Internet carrier L-3 Communications Holdings Inc
Both companies contributed important products to the new portfolio. Lockheed products included the Trident missile, P-3 Orion, F-16 Fighting Falcon, F-22 Raptor, C-130 Hercules, A-4AR Fightinghawk and the DSCS-3 satellite. The Lockheed Corporation (originally Loughead Aircraft Manufacturing Company was an American aerospace company founded in 1912 which merged with Martin Marietta This article contains technical information about the Trident ballistic missile WikipediaWikiProject Aircraft. Please see WikipediaWikiProject Aircraft/page content for recommended layout WikipediaWikiProject Aircraft. Please see WikipediaWikiProject Aircraft/page content for recommended layout WikipediaWikiProject Aircraft. Please see WikipediaWikiProject Aircraft/page content for recommended layout Martin Marietta products included Titan rockets, Sandia National Laboratories (management contract acquired in 1993), Space Shuttle External Tank, Viking 1 and Viking 2 landers, the Transfer Orbit Stage (under subcontract to Orbital Sciences Corporation) and various satellite models. Martin Marietta Corporation was founded in 1961 through the Merger of The Martin Company and American-Marietta Corporation. Titan was a family of US expendable Rockets used between 1959 and 2005 Sandia National Laboratories which is managed and operated by the Sandia Corporation (a wholly owned subsidiary of Lockheed Martin Corporation) is a major United A Space Shuttle External Tank ( ET) is the component of the Space Shuttle launch vehicle that contains the Liquid hydrogen fuel and Liquid oxygen Viking 1 was the first of two spacecraft sent to Mars as part of NASA 's Viking program, and holds the record for the longest Mars surface mission The Viking 2 mission was part of the Viking program to Mars, and consisted of an orbiter and a lander essentially identical to that of the Viking 1
On April 22, 1996, Lockheed Martin completed the acquisition of Loral Corporation's defense electronics and system integration businesses for $9. Events 1500 - Portuguese Navigator Pedro Álvares Cabral becomes the first European to sight Brazil. Year 1996 ( MCMXCVI) was a Leap year starting on Monday (link will display full 1996 Gregorian calendar) Loral Corporation was a small Bronx defense contractor on the verge of Bankruptcy in 1972 before it was acquired by Bernard Schwartz, who over 1 billion, the deal having been announced in January. The remainder of Loral became Loral Space & Communications. Loral Space & Communications Inc is a Satellite communications company headed by Michael B [4]
Lockheed Martin abandoned plans for a $8. 3 billion merger with Northrop Grumman on July 16, 1998 due to government concerns over the potential strength of the new group; Lockheed/Northrop would have had control of 25% of the Department of Defense's procurement budget. Northrop Grumman Corporation ( is an Aerospace and defense technology company formed by the 1994 purchase of Grumman by Northrop. Events 622 - The beginning of the Islamic calendar. 1054 - Three Roman legates fractured relations between the Western and Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) [5]
In May 2000, Lockheed Martin sold Lockheed Martin Control Systems to BAE Systems. BAE Systems Platform Solutions is part of BAE Systems Electronics and Integrated Solutions, a subsidiary of BAE Systems Inc BAE Systems plc (BAE is a British defence and aerospace company headquartered in Farnborough, England, that has global interests particularly On November 27, 2000, Lockheed completed the sale of its Aerospace Electronic Systems business to BAE Systems for $1. Events 1095 - Pope Urban II declares the First Crusade at the Council of Clermont 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. Lockheed Martin Aerospace Electronic Systems was a division of Lockheed Martin. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 67 billion, a deal announced in July 2000. This group encompassed Sanders Associates, Fairchild Systems, and Lockheed Martin Space Electronics & Communications. Sanders Associates was a defense contractor in Nashua New Hampshire, USA which is now part of BAE Systems Electronics & Integrated Solutions, a subsidiary Fairchild Systems was a United States defense contractor which is now part of BAE Systems Electronics & Integrated Solutions. [6][7]
In 2001, Lockheed Martin won the contract to build the F-35 Lightning II; this was largest fighter aircraft procurement project since the F-16, with an initial order of 3,000 worth $200 billion before export orders. This is a list of Aviation -related events from 2001 Events March March 29 - An Avjet charter flight, a Gulfstream III WikipediaWikiProject Aircraft. Please see WikipediaWikiProject Aircraft/page content for recommended layout
On May 12, 2006, The Washington Post reported that when Robert Stevens took control of Lockheed Martin in 2004, he faced the dilemma that within 10 years 100,000 of the about 130,000 Lockheed Martin employees would be retiring. Events 1191 - Richard I of England marries Berengaria of Navarre. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. The Washington Post is the largest and most circulated Newspaper in Washington D "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " [8]
On August 31, 2006, Lockheed Martin won a $3. Events 1056 - Byzantine Empress Theodora becomes ill dying suddenly a few days later without children to succeed the Throne Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 9 billion contract from NASA to design and build the CEV capsule, also known as the Orion – the next spaceship for human flight – for the Ares I rocket in the Constellation Program. Orion is a Spacecraft design currently under development by the United States space agency NASA. A spacecraft is a Vehicle or machine designed for Spaceflight. A human spaceflight is a Spaceflight with a human crew, and possibly passengers
In September 1999, the Mars Climate Orbiter smashed into the surface of Mars and was destroyed. WikipediaWikiProject Aircraft. Please see WikipediaWikiProject Aircraft/page content for recommended layout The 1950s Decade refers to the years of 1950 to 1959 inclusive Events in September It is the start of the academic year in many countries in the Northern Hemisphere. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) The Mars Climate Orbiter (formerly the Mars Surveyor '98 Orbiter was one of two spacecraft in the Mars Surveyor '98 program, the other being the Mars Polar Lander Lockheed accepted blame for the demise of the craft after an investigation revealed that the Lockheed team incorrectly programmed the Mars Climate Orbiter with English units instead of metric units. The Mars Climate Orbiter (formerly the Mars Surveyor '98 Orbiter was one of two spacecraft in the Mars Surveyor '98 program, the other being the Mars Polar Lander
In 2000, Lockheed agreed to pay a $13 million settlement to the U. 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. S. government for breaching the Arms Export Control Act. The Arms Export Control Act gives the President of the United States the authority to control the import and export of defense articles and defense services The company had passed information to AsiaSat, of which a major shareholder is the Chinese government. Asia Satellite Telecommunications Co Ltd (commonly AsiaSat) is a commercial operator of communication spacecraft Talk People's Republic of China) PEOPLE'S REPUBLIC OF CHINA ARTICLE GUIDELINES The politics of the People's Republic of China take place in a framework of a single-party socialist republic. According to the U.S. Department of State, the information given to AsiaSat may have helped China improve its missiles.
In 2003, Lockheed Martin benefited from a U.S. Air Force decision to punish the Boeing Company for conducting industrial espionage against its rival. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. The Boeing Company is a major Aerospace and defense corporation originally founded by William E Industrial espionage or corporate espionage is Espionage conducted for commercial purposes instead of National security purposes 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. Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar)
On January 12, 2006, the U.S. Army canceled a $879 million Aerial Common Sensor contract with Lockheed Martin. Events 475 - Basiliscus becomes Byzantine Emperor, with a coronation ceremony in the Hebdomon palace in Constantinople Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. The United States Army is a military organization whose primary mission is to "provide necessary forces and capabilities. The Lockheed Martin Aerial Common Sensor (ACS platform was a Reconnaissance aircraft airframe for the United States Army and Navy The Army found that the weight of the Aerial Common Sensor electronics payload exceeded the Embraer 145 airframe, which was Lockheed's selected aircraft. The Lockheed Martin Aerial Common Sensor (ACS platform was a Reconnaissance aircraft airframe for the United States Army and Navy Embraer -- IPA [ɪ̃ⁿbɾaˈɛɾ] -- the Empresa Brasileira de Aeronáutica S
On November 2, 2006, the $154 million Mars Global Surveyor suffered a critical malfunction when a faulty command sent from Lockheed Martin Space Systems in Denver. Events 1570 - A Tidal wave in the North Sea devastates the coast from Holland to Jutland, killing more than 1000 Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. The Mars Global Surveyor ( MGS) was a US Spacecraft developed by NASA and the Jet Propulsion Laboratory and launched The City and County of Denver (pronounced /ˈdɛnvɚ/ is the Capital and the most populous city of Colorado, in the United States The spacecraft was lost when the power loss cut off communications with the orbiter. On December 1, 2006 all of Lockheed Martin's commercial launch operations were transferred to the United Launch Alliance. Events 800 - Charlemagne judges the accusations against Pope Leo III in the Vatican Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. The joint venture between Lockheed Martin and Boeing was first announced May 2, 2005. The Boeing Company is a major Aerospace and defense corporation originally founded by William E Events 1194 - King Richard I of England gives Portsmouth its first Royal Charter. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar.
On February 13, 2007 a New Mexico state court found Sandia Corporation, a wholly owned subsidiary of Lockheed Martin, liable for $4. Events 1258 - Baghdad falls to the Mongols, and the Abbasid Caliphate is destroyed Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Sandia National Laboratories which is managed and operated by the Sandia Corporation (a wholly owned subsidiary of Lockheed Martin Corporation) is a major United 7 million in damages for the firing of a former network security analyst, Shawn Carpenter. Shawn Carpenter is an American Navy veteran and Whistleblower (previously employed by Sandia National Laboratories) who Carpenter had reported to his supervisors that hundreds of military installations and defense contractors' networks were compromised and sensitive information was being stolen – including hundreds of sensitive Lockheed documents on the Mars Reconnaissance Orbiter project. NASA 's Mars Reconnaissance Orbiter ( MRO) is a multipurpose Spacecraft designed to conduct Reconnaissance and exploration of Mars
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. International Launch Services (ILS is a US-Russian joint venture with exclusive rights to the worldwide sale of commercial Proton rocket launch services from the Baikonur Cosmodrome Khrunichev State Research and Production Space Center ( ГКНПЦ им SP Korolev Rocket and Space Corporation Energia ( Russian: ru Ракетно-космическая корпорация "Энергия" им Alenia Aeronautica is an Aerospace engineering corporation in Italy, a subsidiary of Finmeccanica. Medium Extended Air Defense System ( MEADS) is a military project intended to replace the aging Patriot Missile system though a NATO -managed development The European Aeronautic Defence and Space Company EADS NV ( EADS) is a large European aerospace corporation formed by the merger on July 10, MBDA is a missile manufacturer with operations in France, Germany, Italy and Britain. Space Imaging commonly refers to Astronomical image processing of objects usually beyond the Solar System Images taken by Earth The Boeing Company is a major Aerospace and defense corporation originally founded by William E United Space Alliance (USA is spaceflight operations company USA is a joint venture equally owned by The Boeing Company (NYSEBA and Lockheed Martin Corporation The Boeing Company is a major Aerospace and defense corporation originally founded by William E Rolls-Royce plc ( is a British Aircraft engine maker and the second-largest in the world behind GE Aviation. The Protector Unmanned surface vehicle (USV was developed by the RAFAEL Armament Development Authority in response to emerging Terrorist threats against Rafael Advanced Defense Systems Ltd (formerly RAFAEL Armament Development Authority) known as RAFAEL or Rafael, (also spelled as Raphael or BAE Systems plc (BAE is a British defence and aerospace company headquartered in Farnborough, England, that has global interests particularly The Day & Zimmermann company was founded in 1901 Currently the corporate office is located at 1500 Spring Garden St Edward C Aldridge Jr (born 1938 has served in many top US Defense Department and Defense industry jobs including as the 16th Admiral James O Ellis Jr (born July 20, 1947 in Spartanburg South Carolina) is a retired 4-star admiral and former Commander United Gwendolyn S King (born in East Orange New Jersey) is an American Businesswoman. Admiral James Milton Loy (born August 10, 1942, served as the Deputy Secretary of the U Joseph W Ralston ( November 4, 1943 in Hopkinsville Kentucky) is currently the United States Special Envoy for Countering the Robert J Stevens (born c 1952) serves as Chairman, President and Chief Executive Officer (CEO of Lockheed Martin.
Lockheed Martin's lean initiatives have helped to clean the environment eroded by chemicals from hazardous waste. Lean manufacturing or lean production, which is often known simply as " Lean " is the practice of a theory of production that considers the expenditure [9]
The company has partnered with the Environmental Protection Agency in a pilot project to gain information about better environmental protection practices. This experiment, taking place in Palmdale, California, is intended to provide insight into methods and development of pollution prevention. Palmdale, the first community within the Antelope Valley to incorporate as a city (on August 24, 1962 [10]