Lockheed Martin is an American multinational company specialized in digital systems for the aerospace, defence, and security industry.
ABOUT LOCKHEED MARTIN
Headquartered in Bethesda, Maryland, US, Lockheed Martin is a global security, defence and aerospace company that employs over 110,000 people worldwide and is specialised in the research, design, development, manufacture, integration and sustainment of advanced defence and security technology systems and services.
The company received $36 billion in government contracts in 2008 alone, more than any company in history.
Half of the company’s annual sales are to the US Department of Defense (DoD).
Lockheed Martin operates in four business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
For the fiscal year 2019, the company reported an earnings of about $6.230 billion, with an annual revenue of $59.812 billion, an increase of 11% over the previous fiscal cycle.
AT A GLANCE
Global Revenue: US$53.76 billion (2018)
Operating Income: US$7.33 billion (2018)
Net Income: €982 million (2018)
Area Served: Worldwide
Founded: March 15, 1995
Employees: 105,000 (2018)
– Hellfire Systems
– QTC Holdings
– Sikorsky Aircraft Corporation
Marillyn A. Hewson
Kenneth R. Possenriede (Executive VP and CFO)
Pierre Eric Richard F. Ambrose (Executive VP Space)
Lockheed Martin’s News
US Congress notified of potential foreign military sales of AGM-114 Hellfire II air-to-ground missile to Republic of Korea
The US Defense Security Cooperation Agency (DSCA) has reportedly notified the Congress of the potential…
Lockheed Martin tests new extended-range Guided Multiple Launch Rocket System
Lockheed Martin has tested its next-generation Extended-Range Guided Multiple Launch Rocket System (ER GMLRS) munition in an…
U.S. Army picks Lockheed Martin to integrate and test combat vehicle protection system
Lockheed Martin has announced that it will soon begin supporting formal integration and testing of…
U.S. Navy and Air Force awardes Lockheed Martin the largest in program history for Long Range Anti-Ship Missile production
U.S. Navy and Air Force awarded Lockheed Martin a $414 million contract from the for…
Lockheed Martin Wins 1USD Billion Contract For Intercept on Target Advanced Capability – 3 missiles Radar
Lockheed Martin awarded contract for MK 41 Vertical Launching System
Lockheed Martin Rotary and Mission Systems, Baltimore, Maryland, has been awarded a $147,639,775 undefinitized contract…
US Air Force to advance U-2 capabilities for the future battlespace
The US Air Force (USAF) has awarded Lockheed Martin a $50 million contract to evolve…
US Space Force enhances GPS anti-jamming and spoofing protection on Military Code signal
The US Space Force has been upgrading its existing Global Positioning System (GPS) Ground Operational…
Lockheed Martin is an American multinational company specialized in digital systems for the aerospace, defence,…
AKHAN join forces with Lockheed Martin for new Weapons Countermeasure Technology
AKHAN Semiconductor and partner Lockheed Martin have demonstrated the ability of a new diamond-based coating…
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