Lockheed Martin Corporation: Market Research Report
Company Overview
Name
Lockheed Martin Corporation
Mission of the Company
We deliver innovative solutions to the world's toughest challenges.
Founded
No information is available.
Founders
No information is available.
Key People in the Company
- Jim Taiclet: Chairman, President & CEO
- Frank St. John: Chief Operating Officer
- Jay Malave: Chief Financial Officer
- Dean Acosta: Senior Vice President, Chief Communications Officer
- Tim Cahill: President, Missiles and Fire Control
- Stephanie C. Hill: President, Rotary and Mission Systems
- Yvonne O. Hodge: Senior Vice President, Enterprise Business and Digital Transformation, and CIO
- Maryanne Lavan: Senior Vice President, General Counsel, and Corporate Secretary
- Robert Lightfoot: President, Space
- Leo Mackay: Senior Vice President, Ethics and Enterprise Assurance
- Rod Makoske: Chief Engineer and Senior Vice President, Engineering and Technology
- Shelly O’Neill Stoneman: Senior Vice President, Government Affairs
- Mark Stewart: Senior Vice President, Operations
- Greg Ulmer: President, Aeronautics
- Michael Williamson: President, Lockheed Martin International
- Chris Wronsky: Senior Vice President and Chief Human Resources Officer
Headquarters
Lockheed Martin Corporation, 6801 Rockledge Drive, Bethesda, MD 20817, U.S.A.
Number of Employees
Approximately 122,000 employees worldwide.
Revenue
- $67.6 billion in 2023 net sales
- $6.9 billion in 2023 net earnings
- $161 billion in backlog
- $7.9 billion in cash from operations
What is the Company Known For
As a global security, innovation, and aerospace company, Lockheed Martin is known for solving complex challenges, advancing scientific discovery, and delivering innovative solutions that help keep people safe.
Products
Offered Products
1. 5G.MIL®
- Description: A resilient, multidomain communications infrastructure integrating military and commercial networks.
- Key Features: Multi-path communication, robust cybersecurity, interoperability with existing military networks.
2. A-Size Autonomous Underwater Vehicles
- Description: Compact underwater systems designed for maritime exploration and surveillance.
- Key Features: High endurance, battery-powered, sensor integration, modular design.
3. Advanced Gunnery Training System (AGTS)
- Description: A training solution for military personnel to enhance their operational capabilities.
- Key Features: Realistic simulation, multi-platform support, remote instructor capabilities.
4. Aegis Combat System
- Description: A maritime defense system developed to protect against aerial, surface, and subsurface threats.
- Key Features: Integrated radar systems, advanced missile defense capabilities, real-time data processing.
5. AGM-158 XR Cruise Missile
- Description: An extended-range precision-guided missile for long-range strike missions.
- Key Features: High survivability, advanced navigation system, large warhead capacity.
High-Level Descriptions
Lockheed Martin offers a wide range of aerospace, defense, and security products and services, including but not limited to:
- Tactical aircraft
- Airlift solutions
- Aeronautical research and development
- High mobility artillery rocket systems (HIMARS)
- PAC-3 missiles
- Sikorsky helicopters
- Maritime systems
- Sensors and radar systems
- Combat simulation and training
- Spacecraft and missile defense systems
- Hypersonic missions
Recent Developments
Recent News Highlights
- Sep 03, 2024: Collaboration with Polish Defense Industry for PAC-3 MSE Production.
- Sep 02, 2024: Advances by Poland’s PZL Mielec in security, industry, and innovation.
- Aug 19, 2024: Skunk Works® X-Plane aims for digital certification.
- Sep 11, 2024: Additional Norwegian TPY-4 radars contract awarded.
- Sep 10, 2024: Agreement with Tata Advanced Systems to expand C-130J Super Hercules opportunities in India.
- Aug 29, 2024: $1.3 billion contract awarded for Javelin® missiles by the U.S. Army.
- Aug 28, 2024: Celebration of Poland's first F-35A "Husarz".
- Aug 19, 2024: Completion of new presidential helicopters delivery by Sikorsky.
- Aug 15, 2024: Acquisition of Terran Orbital to enhance satellite manufacturing capabilities.
- Aug 13, 2024: Strategic teaming agreement with General Dynamics for solid rocket motors production.
New Product Launches
No information is available.
New Features Added to Existing Products
No information is available.
New Partnerships
- Sep 10, 2024: Partnership with Tata Advanced Systems for C-130J Super Hercules in India.
- Aug 13, 2024: Teaming agreement with General Dynamics for solid rocket motors.
Report Details
- Prepared by: [Analyst's Name]
- Date of Preparation: [Current Date]
