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.
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Lockheed Martin's 30-kilowatt fiber laser weapon system successfully disabled the engine of a small truck during a recent field test, demonstrating the rapidly evolving precision capability to protect military forces and ...
Engineering
Mar 4, 2015
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Lockheed Martin successfully completed the maiden flight of the F-16V, the latest and most advanced F-16 on the market today. The October 16 flight marks the first time an F-16 has flown with Northrop Grumman's advanced APG-83 ...
Engineering
Oct 21, 2015
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Lockheed Martin has completed the design, development and demonstration of a 60 kW-class beam combined fiber laser for the U.S. Army.
Engineering
Mar 17, 2017
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Lockheed Martin, in partnership with the Air Force Research Laboratory (AFRL) and the University of Notre Dame, has demonstrated the airworthiness of a new beam control turret being developed for the Defense Advanced Research ...
Engineering
Sep 16, 2014
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Engineers at Lockheed Martin and NASA breathed life into the next Orion crew module when they powered up the spacecraft for the first time at the Kennedy Space Center, Florida. Designed for human spaceflight, this Orion will ...
Space Exploration
Aug 23, 2017
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Lockheed Martin has demonstrated a 30-kilowatt electric fiber laser, the highest power ever documented while retaining beam quality and electrical efficiency.
Engineering
Jan 29, 2014
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Lockheed Martin, in collaboration with the U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC), successfully conducted a fully autonomous resupply, reconnaissance, surveillance and target-acquisition ...
Robotics
Aug 19, 2014
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Thousands of electrical components make up today's most sophisticated systems – and without innovative cooling techniques, those systems get hot. Lockheed Martin is working with the Defense Advanced Research Projects Agency ...
Engineering
Mar 9, 2016
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Lockheed Martin today revealed the first images from an experimental, ultra-thin optical instrument, showing it could be possible to shrink space telescopes to a sliver of the size of today's systems while maintaining equivalent ...
Space Exploration
Aug 4, 2017
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Lockheed Martin today announced that it has successfully demonstrated a portable, ground-based military laser system in a series of tests against representative airborne targets. Lockheed Martin developed the Area Defense ...
Engineering
Nov 28, 2012
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