All about Lockheed Martin

All about Lockheed Martin


All about Lockheed Martin

Lockheed Martin is American aerospace company that has worldwide interests – defense, security, and advanced technologies. This company was formed in March 1995 by the merger of Lockheed Corporation with Martin Marietta Corporation, an American company founded in the early 1960s. Martin Marietta Corporation was built through the merger of Glenn L. Martin Company and American-Marietta Corporation.

Lockheed Martin is headquartered in Bethesda, Maryland, Washington D.C. This company has a total of 116,000 employees worldwide under the management of the current President and Chief Executive Officer, Marillyn Hewson.

Marillyn Hewson started to join the Lockheed Martin Company in 1983. She held executive positions with the company, which includes President, Chief Operating Officer, and Lockheed Martin’s Electronic Systems’ business area Vice President. She was elected to Lockheed Martin’s Board of Directors on November 9, 2012. The following year, she became the Chief Executive Officer and doubled the market cap of Lockheed Martin.

Based on revenue for the fiscal year of 2014,Lockheed Martin was recognized as the world’s largest defense contractor. It is also considered as the world’s premier companies in the industry of technologies, aerospace, defense, and security. In 2013, almost 80% of Lockheed Martin’s revenue came from military sales. The company topped the United States Federal Government contractors’ list and got 10% of the funds from Pentagon.

The five business segments that Lockheed Martin operates include Aeronautics, Missiles and Fire Control, Information Systems and Global Solutions, Space Systems, and Mission and Systems Training. Lockheed Martin received the Collier Trophy – an annual aviation award given by the US National Aeronautic Association to those companies that have made great achievements on aeronautics or astronautics in the United States. The company received this award six times including the one that they received in 2001 when they were part of the X-35/F-35B LiftFan Propulsion System’s development. The most recent Collier Trophy they received was in 2006 when they led the team that developed the F-22 Raptor fighter jet.

Currently, Lockheed Martin is developing a single seat, single engine fighter aircraft,the Lockheed Martin F-35 Lightning II. They currently lead the international supply chain. They lead the team for the new USAF Space Fence’s development and implementation of technology solutions. They are the primary contractor of the Orion Spacecraft command module’s development.

Lockheed Martin is not just focused on aerospace operations; they also invest in health care systems, intelligent energy distribution, compact nuclear fusion, and renewable energy systems.

Lockheed Martin also invests in private charter aircraft. One of the private charter aircraft designed by the company is the Lockheed Martin N+2. This aircraft can accommodate up to 80 passengers. It has a tri-jet configuration – one engine on top of the aircraft and two under each wing. The purpose of this is to decrease sonic boom, thereby creating a relaxed travel environment for travelers.

If you wish to fly in a private charter aircraft, book a flight with Charter Flight Group and get that relaxed and comfortable travel experience you have always desired.