Lockheed Martin

Company Description

Lockheed Martin Corporation is a company involved in aerospace, defense, information security, and technology. One of the leading defense contractors in the US and the world, it designs, builds, and markets a number of military airplanes, missiles, engines, and systems for ships and planes, space systems, as well as security services and associated technologies.

Detailed Description

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.

Product & Services

ATC Systems Ballistic Missiles Precision-guided munitions Missile Directed-energy weapons Combat Systems Littoral combat ships Armored fighting vehicles Combat aircraft Military Support Aircraft Robotic SystemsRadar Technologies Electronic Warfare Systems Multi-Function Sensor Systems SatellitesAtlas V Launch Vehicles Spacecraft ICT Solutions and Software Energy Management and Storage Systems

Key People

James D. Taiclet (Chairman, President, and CEO)

Financials

Revenue: US$65.4 billion (2020)

Operating income: US$8.64 billion (2020)

Net income: US$6.83 billion (2020)

Total assets: US$50.71 billion (2020)

Total equity: US$6.03 billion (2020)