Lockheed Martin: Germany 2013

by Relly Victoria Petrescu, Florian Ion Petrescu

Overview

Lockheed Martin (NYSE: LMT) is an American global aerospace, defense, security, and advanced technology 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 Metropolitan Area. Lockheed Martin employs 123,000 people worldwide. Robert J. Stevens is the current Chairman and Chief Executive Officer. Lockheed Martin is one of the world's largest defense contractors; In 2009, 74% of Lockheed Martin's revenues came from military sales. It received 7.1% of the funds paid out by the Pentagon. Lockheed Martin operates in four business segments. These comprise, with respective percentages of 2009 total net sales of $45.2 billion, Aeronautics (27%), Electronic Systems (27%), Information Systems & Global Solutions (27%), and Space Systems (19%). In 2009 US Government contracts accounted for $38.4 billion (85%), foreign government contracts $5.8 billion (13%), and commercial and other contracts for $900 million (2%). In both 2009 and 2008 the company topped the list of US Federal Contractors. The company has received the Collier Trophy six times. Most recently (in 2001) for being part of developing the X-35/F-35B LiftFan Propulsion System, and again in 2006 for leading the team that developed the F-22 Raptor fighter jet. Lockheed Martin is currently developing the F-35 Lightning II. Merger talks between Lockheed Corporation and Martin Marietta began in March 1994, with the companies announcing their $10 billion planned merger on August 30, 1994. The deal was finalized on March 15, 1995 when the two companies' shareholders approved the merger. The segments of the two companies not retained by the new company formed the basis for the present L-3 Communications, a mid-size defense contractor in its own right. Lockheed Martin later spun off the materials company Martin Marietta Materials. Both companies contributed important products to the new portfolio.

Product Details

ISBN-13:	9783848260539
Publisher:	Bod - Books on Demand
Publication date:	02/12/2013
Pages:	114
Product dimensions:	8.27(w) x 11.69(h) x 0.24(d)

About the Author

Nihil Sine Deo

Ph.D. Eng. Relly Victoria PETRESCU
Senior Lecturer at UPB (Bucharest Polytechnic University),

Citizenship: Romanian;
Date of birth: March.13.1958;
Higher education: Polytechnic University of Bucharest, Faculty of Transport, Road Vehicles Department, graduated in 1982, with overall average 9.50;

Doctoral Thesis: \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\"Contributions to analysis and synthesis of mechanisms with bars and sprocket\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\".

Expert in Industrial Design, Engineering Mechanical Design, Engines Design, Mechanical Transmissions, Projective and descriptive geometry, Technical drawing, CAD, Automotive engineering, Vehicles, Transportations.

Association:
Member ARoTMM-IFToMM, SIAR-FISITA, ARR, SORGING.
Languages known:
-French; -English.