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
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
companies contributed important
products to the new portfolio.
Lockheed products included the
Trident missile, P-3 Orion, F-16
Fighting Falcon, F-22 Raptor, C-130
Hercules, A-4AR Fightinghawk and the
DSCS-3 satellite. Martin Marietta
products included Titan rockets,
Sandia National Laboratories
(management contract acquired in
1993), Space Shuttle External Tank,
Viking 1 and Viking 2 landers, the
Transfer Orbit Stage (under
subcontract to Orbital Sciences
Corporation) and various satellite
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.
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.
company has received the Collier
Trophy six times. Most recently (in
2001) for being part of developing
and again in 2006 for leading the
team that developed the F-22 Raptor
fighter jet. Lockheed Martin is
currently developing the F-35