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) Main Subsidiaries: – Hellfire Systems – QTC Holdings – Sikorsky Aircraft Corporation
Marillyn A. Hewson (CEO)
Kenneth R. Possenriede (Executive VP and CFO)
Pierre Eric Richard F. Ambrose (Executive VP Space)
Lockheed Martin has tested its next-generation Extended-Range Guided Multiple Launch Rocket System (ER GMLRS) munition in an 80-kilometer flight demonstration at White Sands Missile Range, New Mexico. …
Lockheed Martin Rotary and Mission Systems, Baltimore, Maryland, has been awarded a $147,639,775 undefinitized contract action modification to previously-awarded contract N00024-20-C-5310 for the procurement of …
Lockheed Martin is an American multinational company specialized in digital systems for the aerospace, defence, and security industry.
ABOUT LOCKHEED MARTIN
Headquartered in …
Neal Path is a reporter covering international affairs and defense news. He leads a team of specialist technical journalists and defense forecasting analysts, working across a range of online products. Neal Path is a defense technology specialist and has written widely on most areas of defense technology, but his particular areas of interest include missile defense, precision weapons, naval warfare, sensor capabilities and military operations.