Lockheed Martin

Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland, in the Washington, D.C., area. Lockheed Martin employs approximately 110,000 people worldwide as of January 2020.[3]

Lockheed Martin Corporation
TypePublic
Industry
Predecessors
FoundedMarch 15, 1995; 26 years ago (1995-03-15)
HeadquartersBethesda, Maryland, United States
Area served
Worldwide
Key people
  • James Taiclet
    (Chairman, President, and CEO)
Products
Revenue US$65.4 billion (2020)
US$8.64 billion (2020)
US$6.83 billion (2020)
Total assets US$50.71 billion (2020)
Total equity US$6.03 billion (2020)
Number of employees
114,000 (2020)
Divisions
Subsidiaries
List
  • Hellfire Systems, L.L.C.
  • 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 Millimeter Technologies, 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.
  • Sikorsky Aircraft
Websitewww.lockheedmartin.com
Footnotes / references
[1][2]

Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry. It is the world's largest defense contractor by revenue for fiscal year 2014.[4] In 2013, 78% of Lockheed Martin's revenues came from military sales;[5] it topped the list of US federal government contractors and received nearly 10% of the funds paid out by the Pentagon.[6] In 2009, US government contracts accounted for $38.4 billion (85%), foreign government contracts for $5.8 billion (13%), and commercial and other contracts for $900 million (2%).[7]

Half of the company’s annual sales are to the U.S. Department of Defense. Lockheed Martin is also a contractor for the U.S. Department of Energy and the National Aeronautics and Space Administration (NASA).[8]

Lockheed Martin operates in four business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.[9] The company has received the Collier Trophy six times, including in 2001 for being part of developing the X-35/F-35B LiftFan Propulsion System[10][11][12] and most recently in 2018 for the Automatic Ground Collision Avoidance System (Auto-GCAS). 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),[13] and is the primary contractor for the development of the Orion command module.[14] The company also invests in healthcare systems, renewable energy systems, intelligent energy distribution, and compact nuclear fusion.[15]