Lockheed Martin

Lockheed Martin Corporation
legal form	Corporation
ISIN	US5398301094
founding	1995
Seat	Bethesda , United States
management	Marillyn Hewson ( CEO and President )
Number of employees	97,000
sales	47,248,000,000 US dollars
Branch	Aerospace engineering , defense industry
Website	www.lockheedmartin.com
Status: August 14, 2020

F-22 Raptor

A Lockheed C-130 Hercules and the tail of a Lockheed C-5 Galaxy

Lockheed Martin F-35

The Lockheed Martin Corporation [ ˌlɔkʰidˈmɑɹtn̩ ] is an American defense and technology company that is primarily active in military and civil aviation as well as in space . Nearly 80% of the US $ 46 billion in 2014 sales came from US government purchases.

history

Lockheed Martin Corporation was founded in March 1995 and is a merger of Lockheed Corporation and Martin Marietta Corporation . In 1996, the company was Loral Corporation for 9.1 billion US dollars bought. As a result of the merger and serious financial problems in the late 1990s, large shares of the group were sold to the British competitor BAE Systems . This temporarily replaced Lockheed Martin as the largest armaments company in the world. After an extensive renovation, Lockheed Martin was able to claim this title again in 2004.

Lockheed Martin hit the headlines in 1999 when a Mars probe was lost due to a unit error in the navigation system. The Mars Climate Orbiter (MCO) was a NASA probe to Mars with the participation of Lockheed Martin as part of the Discovery program . The cause of the mission failure was with Lockheed Martin: While NASA calculated the momentum p in the metric International System of Units (SI) with the unit N s , the navigation software of the MCO was designed by the manufacturer Lockheed Martin for the imperial system .

In October 2001 Lockheed was awarded the contract for the largest combat aircraft program of the post-war period, the Joint Strike Fighter . This order gave the group new impetus.

The Transportation and Security Solutions department was awarded the contract in 2005 to set up the archiving system for the Electronic Records Archive (ERA) of the National Archives and Records Administration (NARA) .

On July 20, 2015, Lockheed Martin announced the purchase of Sikorsky Aircraft . According to its own information, the company paid 9 billion US dollars (or 7.1 billion US dollars, taking into account the tax benefits resulting from the takeover). For Lockheed, this step represented a return to the helicopter business after around 45 years of abstinence. This means that the Polish aircraft manufacturer PZL Mielec, which Sikorsky had previously bought, also belongs to the Lockheed Martin Group.

Some products from the original Lockheed company have been in production for over 50 years ( C-130 , P-3 ) or are still being looked after and modernized by Lockheed Martin and are therefore among the longest-lived, alongside the Boeing B-52 and the Tupolew Tu-95 military aircraft types.

Group data

	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017
Revenue (Billion USD)	39,076	40,612	41,212	43,867	45,671	46,499	47,182	45,358	39,946	40,536	47,248	51,048
Profit (billion USD)	2,529	3,000	3,185	2,973	2,878	2,655	2,745	4.187	4,683	4,492	5,062	2.002
Employee	140,000	140,000	146,000	140,000	132,000	123,000	120,000	115,000	112,000	126,000	97,000	100,000

Products

Martin Marietta's business areas also include the construction of missiles and remote-controlled weapons. Among other things, were Lockheed Martin external tank and smaller components for the booster rockets of the space shuttle built.

The subsidiary Lockheed Martin Commercial Space System (LMCSS) develops and builds communications and earth observation satellites.

Military aircraft types (as of 2020)

• Fighter planes / fighter bombers
  • General Dynamics F-16 Fighting Falcon (in production since 1974)
  • F-22 Raptor (2002 to 2011)
  • F-35 Lightning II (since 2011)
• Reconnaissance aircraft
  • P-3 Orion (1961 to 1990)
  • U-2 Dragon Lady (since 1955)
• Trainer
  • KAI T-50 (in cooperation with Korean Aerospace Industries)
• helicopter
  • Sikorsky S-60
  • Sikorsky S-92
• Transport aircraft
  • C-130 Hercules (since 1954)
• Civil versions
  • L100 (civil version of the C-130)

More products and unique pieces

• Unmanned aerial vehicles
  • Lockheed Martin RQ-3
  • Lockheed Martin Cormorant
  • Lockheed Martin P-175
  • Lockheed Martin RQ-170

Missiles

• UGM-73 Poseidon - Ballistic Missile
• Titan ICBM and Titan launch vehicle (1962-2005)
• Trident (SLBM) - ICBM
• Patriot PAC-3 anti-aircraft missile

Space travel

Hubble Space Telescope

Mars Climate Orbiter

• Hubble Space Telescope
• Stardust
• Orion
• Juno
• Parts of the ISS
• X-33

See also

• Collier Trophy
• Lockheed Advanced Development Projects Unit
• Lockheed Corporation
• Lockheed Martin Canada
• Military-industrial complex

Web links

Commons : Lockheed Martin  - collection of images, videos and audio files

• Lockheed Martin Corporation website

Individual evidence

1. ^ Marillyn A. Hewson. Retrieved January 7, 2012
2. ↑ ^{a b} Lockheed Martin 2016 Form 10-K Report , accessed March 19, 2017
3. ↑ Christoph G. Schmutz: Barack Obama as the only customer. In: NZZ International Edition, March 18, 2015, p. 13
4. ↑ New York Times, April 19, 1996: FTC Approves Lockheed-Loral Merger
5. ↑ Mars Climate Orbiter: Crash due to careless mistakes in calculation. In: Spiegel Online . October 1, 1999, accessed April 12, 2020 . 
6. ↑ Frank Grotelüschen: The loss of the "Mars Climate Orbiter" (archive). In: deutschlandfunk.de. July 8, 2008, accessed April 12, 2020 . 
7. ↑ Mars probe: Lost in space. In: tagesspiegel.de . July 6, 2008, accessed April 12, 2020 . 
8. ^ Lockheed Martin to Acquire Sikorsky Aircraft
9. ↑ http://www.aero.de/news-22127/Lockheed-kauf-Helikopterbauer-Sikorsky.html
10. ^ Gerhard Hegmann: Lockheed takes over the helicopter icon Sikorsky Aircraft Corporation. In: welt.de . July 20, 2015, accessed April 12, 2020 . 
11. ↑ Lockheed Martin: Annual Report 2011 (English) ( Memento of 10 June 2014 Internet Archive )
12. ↑ Lockheed Martin: Annual Report 2012 (English) ( Memento of May 15, 2013 in the Internet Archive )