Lockheed Martin is an American global aerospace, defense, security and advanced technologies company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in Bethesda, Maryland, in the Washington, DC, area. Lockheed Martin employs 116,000 people worldwide.
Lockheed Martin stands as one of the world’s premier companies in the aerospace, defense, security, and technologies industry; it is the world’s largest defense contractor based on revenue for fiscal year 2014.
Lockheed Martin operates in five business segments; this comprises Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Mission Systems and Training, and Space Systems.
Information Systems and Global Solutions
- Lockheed Martin IS&GS-Civil
- Lockheed Martin BTS
- Lockheed Martin IS&GS-Defense & Intelligence Solutions
- Lockheed Martin Orincon
- Lockheed Martin STASYS
- Lockheed Martin Technology Ventures
Missiles and Fire Control
Mission Systems and Training
Lockheed Martin Aeronautics Company is a major unit of Lockheed Martin with headquarters at Air Force Plant 4 in Fort Worth,
Texas. Lockheed Martin Aeronautics is also based in Marietta, Georgia and Palmdale, California. Palmdale is home to the Advanced Development Programs (ADP), informally known as the “Skunk Works“. Skunk Works is responsible for a number of famous aircraft designs, including the U-2, the Lockheed SR-71 Blackbird, the Lockheed F-117 Nighthawk, and the Lockheed Martin F-22 Raptor. Currently its main project is the Lockheed Martin F-35 Lightning II.
C-130 Hercules was first developed by the Lockheed Corporation in the
1950s, and it’s still produced today as the C-130J Super Hercules. It was a four-engine turboprop military transport aircraft capable of using unprepared runways for takeoffs and landings.
In 2006 at Lockheed Martin F-22 Raptor, a single-seat, twin-engine, all-weather stealth tactical fighter aircraft was developed for the United States Air Force (USAF). The result of the USAF’s Advanced Tactical Fighter program, the aircraft was designed primarily as an air superiority fighter, but has additional capabilities including ground attack, electronic warfare, and signals intelligence roles.
Lockheed Martin is currently developing the F-35 Lightning II,a family of single-seat, single-engine, all-weather stealth multirole fighters undergoing final development and testing by the United States. The fifth generation combat aircraft is designed to perform ground attack, aerial reconnaissance, and air defense missions.
Driven by the intense focus on innovation Lockheed Martin paving the way for the future 100 years on its eve of celebrating 100 years of total commitment to excellence and customer centricity.
Marillyn A. Hewson is the current Chairman, President and Chief Executive Officer of Lockheed Martin. This year (2015), Hewson was named the 20th most powerful woman in the world by Forbes.
Hewson joined Lockheed Martin in 1983. She has held a variety of increasingly responsible executive positions with the company, including President and Chief Operating Officer, and Executive Vice President of Lockheed Martin’s Electronic Systems business area. Since becoming CEO in 2013, she has doubled Lockheed’s market cap.
n July 2015, Hewson announced the purchase of Sikorsky Aircraft, the producers of Black Hawk helicopters, giving Lockheed its own helicopter building capability. Hewson has also shifted more company efforts towards building military hardware.
Here is the CEO’s vision of the company.