Lockheed Martin
Lockheed Martin () is a leading
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 (by defense revenue).
["Defense News Top 100." Defense News.] 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.
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 concerns over 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
http://www.asiasat.com.hk/eng/01_company/overview.html AsiaSat, a major shareholder of which is the Chinese government. In November 2000 Lockheed completed the sale of its
Aerospace Electronic Systems business to
BAE Systems for $1.67 billion
USD.
 |
Lockheed Martin/BAE/Northrop Grumman X-35 (F-35 Prototype) |
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.
It was recently reported in the
Washington Post that when Robert Stevens took control of Lockheed Martin in 2004, that he faced the dilemma that within 10 years 100,000 of the about 130,000 Lockheed Martin employees would be retiring.
Lockheed Martin was formed by a "merger of equals". Below are examples of the products each company contributed to the current portfolio:
Lockheed
See
Lockheed Corporation main article.
*
Trident missile*
F-16 Fighting Falcon (production line purchased from
General Dynamics in 1993)
*
F-22 Raptor*
F-35 Lightning II*
C-130 Hercules*
A-4AR Fightinghawk*DSCS-3 satellite
 |
C-130 Hercules; in production since the 1950s, now as the C-130J |
Martin Marietta
*
Titan rockets*
Sandia National Laboratories (management contract acquired in 1993)
*
Space Shuttle External Tank*
Viking 1 and
Viking 2 landers
*
Transfer Orbit Stage (under subcontract to
Orbital Sciences Corporation)
Satellites
*A2100
*Martin Marietta 3000
*Martin Marietta 4000
*Martin Marietta 7000
*Tiros-N meteorological satellites
*Vinasat 1 (making is in progress)
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.
Aeronautics
*
Lockheed Martin Aeronautics |
Lockheed Trident missile |
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 SolutionsInformation & Technology Services
*
Sandia Corporation*
Knolls Atomic Power Laboratory*
Lockheed Martin Advanced Technologies Laboratory (ATL)
*
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 VenturesIntegrated Systems & Solutions
*
Lockheed Martin Integrated Systems & Solutions**
Lockheed Martin Orincon**
Lockheed Martin STASYSSpace Systems
*
Lockheed Martin Space SystemsOthers
*
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)
* The firm's name, "Lockheed Martin," is sometimes colloquially abbreviated as "LockMart".[
1]
*
Titan Rain*
Lockheed Martin website*
Article on Lockheed Martin from the
Center for Media and Democracy
