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Lockheed Martin 

“Market Cap $52.27 B As of May 2014

At a Glance

  • Industry: Aerospace & Defense
  • Founded: 1994
  • Country: United States
  • CEO: Marillyn Hewson
  • Website: www.lockheedmartin.com
  • Employees: 115,000
  • Sales: $45.36 B
  • Headquarters: Bethesda, Maryland

Forbes Lists

#198 Global 2000

  • #190 in Sales
  • #208 in Profit
  • #653 in Assets
  • #184 in Market value
Profile

Lockheed Martin Corp. operates as a global security and aerospace company. The company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. It also provides a broad range of management, engineering, technical, scientific, logistic, and information services. The company operates its business through the following segments: Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Mission Systems and Training & Space Systems. The Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support, and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. It also provides logistics support, sustainment, and upgrade modification services for its aircraft. The Information Systems & Global Solutions segment provides management services, information technology solutions, and advanced technology expertise across a broad spectrum of applications. It provides network-enabled situation awareness, delivers communications and command and control capability through complex mission solutions for defense applications, and integrates complex global systems to help its customers gather, analyze, and securely distribute critical intelligence data. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; fire control systems; mission operations support, readiness, engineering support, and integration services; logistics and other technical services; and manned and unmanned ground vehicles. The Mission Systems and Training segment provides surface ship and submarine combat systems; sea and land-based missile defense systems; radar systems; mission systems and sensors for rotary and fixed-wing aircraft; littoral combat ships; simulation and training services; unmanned technologies and platforms; ship systems integration; and military and commercial training systems. The Space Systems segment is engaged in the design, research and development, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems, including activities related to the planned replacement of the Space Shuttle. Lockheed Martin was founded in March 1995 and is headquartered in Bethesda, MD.

“Lockheed Martin History

Over one hundred years ago, on August 16, 1912, Glenn L. Martin established the Glenn L. Martin Company in Los Angeles, California. He started the company after building his first plane in a rented church, where he took a leap of faith on his risky but innovative new aircraft design at the urging of none other than Orville Wright.

Four months later and four hundred miles away, on December 19, 1912, Allan and Malcolm Lockheed founded the Alco Hydro-Aeroplane Company, later renamed the Lockheed Aircraft Company. Talented mechanics, they set up shop out of a  garage, constructing seaplanes that would shatter speed and distance records for overwater flights.

A church and a garage. These were humble beginnings. But these were also men of unrelenting vision and unwavering purpose. The gift that Martin and the Lockheed brothers shared was a unique ability to look past the obstacles of today to the promise of a brighter tomorrow. And they knew – as we’ve known for 100 years – that innovation, performance and purpose were the keys to accelerating that tomorrow.”

*Information from Forbes.com and Lockheedmartin.com

**Video published on YouTube by “LockheedMartinVideos