Lockheed Martin (LMT)

Lockheed Martin (NYSE:LMT) | Products & Business Units

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Lockheed Martin Corporation is a global aerospace and security company principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. The company also provide a broad range of management, engineering, technical, scientific, logistic, and information services. Lockheed Martin serves both domestic and international customers with products and services that have defense, civil, and commercial applications, with the principal customers being agencies of the U.S. Government.

Lockheed Martin was formed in 1995 by combining the businesses of Lockheed Corporation and Martin Marietta Corporation. The company is incorporated in Maryland with its principal executive offices located in Bethesda.

Lockheed Martin organizes its business segments based on the nature of the products and services offered. The company operates in five business segments: Aeronautics, Information Systems & Global Solutions (IS&GS), Missiles and Fire Control (MFC), Mission Systems and Training (MST), and Space Systems. This structure reflects the 2012 reorganization of the company's former Electronic Systems business segment into the new MFC and MST business segments in order to streamline operations and enhance customer alignment. In connection with this reorganization, management layers at the former Electronic Systems business segment and the former Global Training and Logistics (GTL) business were eliminated, and the former GTL business was split between the two new business segments. In addition, operating results for Sandia Corporation, which manages the Sandia National Laboratories for the U.S. Department of Energy, and Lockheed Martin's equity interest in the U.K. Atomic Weapons Establishment joint venture were transferred from the former Electronic Systems business segment to Lockheed Martin's Space Systems business segment.

Lockheed Martin operates in five principal business segments:

Aeronautics
IS&GS
Missiles and Fire Control (MFC)
Mission Systems and Training (MST)
Space Systems.



The following table highlights Lockheed Martin's sales from 2011 to 2013 by segment:
Lockheed Martin's Segment Sales



A description of the business of each of the company's segments is set forth below.


Aeronautics

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Lockheed Martin's Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support, and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. Aeronautics also provides logistics support, sustainment, and upgrade modification services for its aircraft.

Aeronautics' major programs include:

• The F-35 Lightning II Joint Strike Fighter – international multi-role, stealth fighter;
• The F-22 Raptor – air dominance and multi-mission stealth fighter;
• The F-16 Fighting Falcon – low-cost, combat-proven, international multi-role fighter;
• The C-130J Hercules – international tactical airlifter; and
• The C-5M Super Galaxy – modernization of the C-5 Galaxy, a strategic airlifter.

The F-35 program is Lockheed Martin's largest, generating 16% of total sales, as well as 50% of Aeronautics' segment net sales in 2013 compared to 14% and 45% in 2012. The F-35 program consists of a development contract and multiple production contracts. The development contract is being performed concurrent with the production contracts. Concurrent performance of development and production contracts is used for complex programs to test aircraft, shorten the time to field systems, and achieve overall cost savings. Lockheed Martin expects the development portion of the F-35 program will be substantially complete in 2017, with less significant efforts continuing into 2019. Production of the aircraft is expected to continue for many years given the U.S. Government's current inventory objective of 2,443 aircraft for the Air Force, Marine Corps, and Navy; commitments from eight international partners and two international customers; as well as expressions of interest from other countries. During 2013, Lockheed Martin delivered 35 aircraft to domestic and international partners, resulting in total deliveries of 73 production aircraft as of December 31, 2013. Lockheed Martin has 93 production aircraft in backlog as of December 31, 2013, including orders from international partners. In 2011, the Israeli government signed a letter of offer and acceptance with the U.S. Government for the procurement of F-35 aircraft, and the Japanese Ministry of Defense selected the F-35 to be its next generation fighter. Israel and Japan are expected to be the first two countries to receive the F-35 aircraft through the Foreign Military Sales (FMS) process.

Although production and deliveries of F-22 aircraft were completed in 2012, Aeronautics continues to provide on-going modernization and sustainment activities for the U.S. Air Force’s F-22 aircraft fleet. The modernization program comprises upgrading existing systems requirements, developing new systems requirements, and adding capabilities and enhancing the performance of the weapon systems. The sustainment program consists of sustaining the weapon systems of the F-22 fleet at all operational bases, including training systems, customer support, integrated support planning, supply chain management, aircraft modifications and heavy maintenance, sustained engineering, support products, and systems engineering.

Aeronautics continues to produce F-16 aircraft for foreign governments under the FMS process and through direct foreign government sales. Lockheed Martin delivered 13 F-16 aircraft in 2013 and the company's backlog extends through the middle of 2017. Aeronautics also provides service-life extension and other upgrade programs for its customers' F-16 aircraft. In 2012, Lockheed Martin was awarded a contract to upgrade 145 of Taiwan's F-16 aircraft.

Aeronautics produces and provides support and sustainment services for the C-130J Super Hercules, as well as upgrades and support services for the legacy C-130 Hercules worldwide fleet. Lockheed Martin delivered 25 C-130J aircraft in 2013, including six to international customers, and the company's backlog extends through the middle of 2015. Lockheed Martin delivered 34 C-130J aircraft in 2012, including eight to international customers.

Aeronautics also provides support services for the existing U.S. Air Force C-5A/B/C/M Galaxy fleet and a modernization program to convert 49 Galaxy aircraft to the C-5M Super Galaxy configuration. The modernization effort includes avionics upgrades comprised of a new cockpit with a digital, all-weather flight control system and autopilot, a new communications suite, flat-panel displays, and enhanced navigation and safety equipment; as well as installing new engines that will produce more thrust, enabling a shorter takeoff, increased climb rate, an increased cargo load, and longer range. As of December 31, 2013, Lockheed Martin had delivered 13 C-5M aircraft under these modernization activities, including six C-5M aircraft delivered in 2013. Lockheed Martin delivered four C-5M aircraft in 2012.

In addition to the above aircraft programs, Aeronautics is involved in advanced development programs incorporating innovative design and rapid prototype applications. Lockheed Martin's Advanced Development Programs (ADP) organization, which includes the Skunk Works, is focused on future systems, including unmanned aerial systems and next generation capabilities for long-range strike, intelligence, surveillance, reconnaissance, situational awareness, and air mobility. Lockheed Martin continues to explore technology advancement and insertion in the company's existing aircraft, such as the F-35, F-22, F-16, C-130, and the U-2 Dragon Lady high-altitude reconnaissance aircraft.

Lockheed Martin is also involved in numerous network-enabled activities that allow separate systems to work together to increase effectiveness, and continues to invest in new technologies to maintain and enhance competitiveness in military aircraft design, development, and production. In 2013, Lockheed Martin's Aeronautics segment generated net sales of $14.1 billion, which represented 31% of total consolidated net sales. In 2012, Lockheed Martin's Aeronautics segment generated net sales of $15.0 billion, which represented 31% of total sales. In 2011, Lockheed Martin's Aeronautics segment generated net sales of $14.4 billion, which represented 31% of total sales. In 2010, net sales of $13.1 billion represented 28% of Lockheed Martin's total sales.

Aeronautics' customers include the military services and various other government agencies of the U.S., and other countries. In both 2013 and 2012, U.S. Government customers accounted for 78% and international customers accounted for 22% of Aeronautics' sales. Revenues from Aeronautics' combat aircraft products and services represented 21% of total sales in each of 2013 and 2012, and 20% of total sales in 2011 and 2010.

     Financial results for Lockheed Martin's Aeronautics segment were as follows:
Performance of Lockheed Martin's principal lines of business

Aeronautics' net sales for 2013 decreased $830 million, or 6%, compared to 2012. The decrease was primarily attributable to lower net sales of approximately $530 million for the F-16 program due to fewer aircraft deliveries (13 aircraft delivered in 2013 compared to 37 delivered in 2012) partially offset by aircraft configuration mix; about $385 million for the C-130 program due to fewer aircraft deliveries (25 aircraft delivered in 2013 compared to 34 in 2012) partially offset by increased sustainment activities; approximately $255 million for the F-22 program, which includes about $205 million due to decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $50 million from the favorable resolution of a contractual matter during the second quarter of 2012; and about $270 million for various other programs (primarily sustainment activities) due to decreased volume. The decreases were partially offset by higher net sales of about $295 million for F-35 production contracts due to increased production volume and risk retirements; approximately $245 million for the C-5 program due to increased aircraft deliveries (six aircraft delivered in 2013 compared to four in 2012) and other modernization activities; and about $70 million for the F-35 development contract due to increased volume.

Aeronautics' operating profit for 2013 decreased $87 million, or 5%, compared to 2012. The decrease was primarily attributable to lower operating profit of about $85 million for the F-22 program, which includes approximately $50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $35 million due to decreased risk retirements and production volume; approximately $70 million for the C-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities; about $65 million for the C-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements; approximately $35 million for the F-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix. The decreases were partially offset by higher operating profit of approximately $180 million for F-35 production contracts due to increased risk retirements and volume. Operating profit was comparable for the F-35 development contract and included adjustments of approximately $85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012. Adjustments not related to volume, including net profit booking rate adjustments and other matters, were approximately $75 million lower for 2013 compared to 2012.

 

Information Systems & Global Solutions

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IS&GS provides management services, information technology solutions, and advanced technology expertise across a broad spectrum of applications. IS&GS supports the needs of customers in human capital planning, data protection and sharing, cyber-security, financial services, health care, energy and environment, security, space exploration, biometrics, and transportation. IS&GS provides network-enabled situation awareness, delivers communications and command and control capability through complex mission solutions for defense applications, and integrates complex global systems to help customers gather, analyze, and securely distribute critical intelligence data. IS&GS has a portfolio of many smaller contracts as compared to Lockheed Martin's other business segments. IS&GS' customers include the various government agencies of the U.S. and other countries, military services, as well as commercial and other customers.

The segment's customers include the military services and various government agencies of the U.S. and allied countries around the world as well as commercial and other customers.


IS&GS' major programs include:

• The Command and Control, Battle Management, and Communications (C2BMC) contract, a program to increase the integration of the Ballistic Missile Defense System for the U.S. Government.

• The En-Route Automation Modernization (ERAM) contract, which is a program to replace the Federal Aviation Administration's infrastructure with a modern automation environment that includes new functions and capabilities.

• The Defense Information Systems Agency (DISA) – Global Information Grid Services Management-Operations contract, a program to provide operations and maintenance to the DoD's global data network.

• The Hanford Mission Support contract, which provides infrastructure and site support services to the Department of Energy.

• The National Science Foundation's U.S. Antarctic Support program, which was awarded in December 2011, manages sites and equipment to enable universities, research institutions, and federal agencies to conduct scientific research in the Antarctic.

In 2013, Lockheed Martin's IS&GS segment generated net sales of $8.4 billion, which represented 18% of total sales. U.S. Government customers accounted for 93%, international customers accounted for 5%, and U.S. commercial and other customers accounted for 2% of IS&GS' net sales. IS&GS has been impacted by the continued downturn in federal information technology budgets.

In 2012, Lockheed Martin's IS&GS segment generated net sales of $8.8 billion, which represented 19% of total sales. U.S. Government customers accounted for 95%, international customers accounted for 4%, and U.S. commercial and other customers accounted for 1% of IS&GS' net sales. IS&GS has been impacted by the continuing downturn in the federal information technology budgets and the impact of the continuing resolution that was effective on October 1, 2012, the start of the U.S. Government's fiscal year. In 2011, Lockheed Martin's IS&GS segment generated revenues of $9.4 billion, which represented 20% of total sales. In 2010, sales of $9.9 billion represented 22% of Lockheed Martin's total revenues.

     Financial results for Lockheed Martin's IS&GS segment were as follows:
Performance of Lockheed Martin's principal lines of business

IS&GS' net sales decreased $479 million, or 5%, for 2013 compared to 2012. The decrease was attributable to lower net sales of about $495 million due to decreased volume on various programs (command and control programs for classified customers, NGI, and ERAM programs); and approximately $320 million due to the completion of certain programs (such as Total Information Processing Support Services, the Transportation Worker Identification Credential (TWIC), and ODIN). The decrease was partially offset by higher net sales of about $340 million due to the start-up of certain programs (such as the DISA GSM-O and the National Science Foundation Antarctic Support).

IS&GS' operating profit decreased $49 million, or 6%, for 2013 compared to 2012. The decrease was primarily attributable to lower operating profit of about $55 million due to certain programs nearing the end of their lifecycles, partially offset by higher operating profit of approximately $15 million due to the start-up of certain programs. Adjustments not related to volume, including net profit booking rate adjustments and other matters, were comparable for 2013 compared to 2012.


Missiles and Fire Control (MFC)

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MFC provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; fire control systems; mission operations support, readiness, engineering support, and integration services; logistics and other technical services; and manned and unmanned ground vehicles. MFC's customers include the military services, principally the U.S. Army, and various government agencies of the U.S. and allied countries, as well as commercial and other customers.


MFC's major programs include:

• The Patriot Advanced Capability-3 (PAC-3) and Terminal High Altitude Area Defense (THAAD) air and missile defense programs. PAC-3 is an advanced defensive missile for the U.S. Army and international customers designed to intercept and eliminate incoming airborne threats using kinetic energy. THAAD is a transportable defensive missile system for the U.S. Government and international customers designed to engage targets both within and outside of the Earth's atmosphere.

• The Multiple Launch Rocket System (MLRS), AGM-114 Hellfire, Javelin Advanced Anti-tank Weapon System-Medium (AAWS-M), and Joint Air-to-Surface Standoff Missile (JASSM) tactical missile programs. MLRS is a highly mobile, automatic system that fires surface-to-surface rockets and missiles from the M270 and High Mobility Artillery Rocket System (HIMARS) platforms produced for the U.S. Army and international customers. Hellfire is an air-to-ground missile used on rotary and fixed-wing aircraft, which is produced for the U.S. Army, Navy, Marine Corps, and international customers. Javelin is a shoulder-fired anti-armor rocket system, which is produced for the U.S. Army, Marine Corps, and international customers. JASSM is an air-to-ground missile launched from fixed-wing aircraft, which is produced for the U.S. Air Force and international customers.

• The Apache, Sniper®, and Low Altitude Navigation and Targeting Infrared for Night (LANTIRN®) fire control systems programs. The Apache fire control system provides weapons targeting capability for the AH-64 Apache helicopter for the U.S. Army and international customers. Sniper® is a targeting system for fixed-wing aircraft, and LANTIRN® is a combined navigation and targeting system for fixed-wing aircraft. Both Sniper® and LANTIRN® are produced for the U.S. Air Force and international customers.

• The Special Operations Forces Contractor Logistics Support Services program, which provides logistics support services to the special operations forces of the U.S. military.


In 2013, the MFC segment generated net sales of $7.8 billion, which represented 17% of total sales. U.S. Government customers accounted for 67% and international customers accounted for 33% of MFC's sales.

In 2012, the MFC segment generated net sales of $7.5 billion, which represented 16% of total sales. In 2012, U.S. Government customers accounted for 70% and international customers accounted for 30% of MFC's sales.

     Financial results for Lockheed Martin's Missiles and Fire Control segment were as follows:
Performance of Lockheed Martin's principal lines of business

MFC's revenues for 2013 increased $300 million, or 4%, compared to 2012. The increase was primarily attributable to higher net sales of approximately $450 million for air and missile defense programs (THAAD and PAC-3) due to increased production volume and deliveries; about $70 million for fire control programs due to net increased deliveries and volume; and approximately $55 million for tactical missile programs due to net increased deliveries. The increases were partially offset by lower net sales of about $275 million for various technical services programs due to lower volume driven by the continuing impact of defense budget reductions and related competitive pressures. The increase for fire control programs was primarily attributable to increased deliveries on the Sniper® and LANTIRN® programs, increased volume on the SOF CLSS program, partially offset by lower volume on Longbow Fire Control Radar and other programs. The increase for tactical missile programs was primarily attributable to increased deliveries on JASSM and other programs, partially offset by fewer deliveries on the Guided Multiple Launch Rocket System (GMLRS) and Javelin programs.

MFC's operating profit for 2013 increased $175 million, or 14%, compared to 2012. The increase was primarily attributable to higher operating profit of approximately $85 million for air and missile defense programs (THAAD and PAC-3) due to increased risk retirements and volume; about $85 million for fire control programs (Sniper®, LANTIRN® and Apache) due to increased risk retirements and higher volume; and approximately $75 million for tactical missile programs (Hellfire and various programs) due to increased risk retirements. The increases were partially offset by lower operating profit of about $45 million for the resolution of contractual matters in the second quarter of 2012; and approximately $15 million for various technical services programs due to lower volume partially offset by increased risk retirements. Adjustments not related to volume, including net profit booking rate adjustments and other matters, were approximately $100 million higher for 2013 compared to 2012.


Mission Systems and Training (MST)

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MST provides surface ship and submarine combat systems; sea and land-based missile defense systems; radar systems; mission systems and sensors for rotary and fixed-wing aircraft; littoral combat ships; simulation and training services; unmanned technologies and platforms; ship systems integration; and military and commercial training systems. MST's customers include the military services, principally the U.S. Navy, and various government agencies of the U.S. and other countries, as well as commercial and other customers.


MST's major programs include:

• The AEGIS Combat System, which is a fleet ballistic missile defense system for the U.S. Navy and international customers and is also a sea-based element of the U.S. missile defense system.

• The MK-41 Vertical Launching System (VLS) is a shipborne missile canister launching system that provides for rapid-fire launch capability, which is produced for the U.S. Navy and international customers.

• The TPQ-53 Radar System is a sensor that quickly locates and neutralizes mortar and rocket threats, which is produced for the U.S. Army and international customers.

• MH-60 mission systems and sensors, including the digital cockpit and weapons, which MST provides for Sikorsky's MH-60 maritime helicopter produced for the U.S. Navy and the Royal Australian Navy, and was selected by the Danish Government in December 2012.

• The Littoral Combat Ship (LCS), which is a surface combatant for the U.S. Navy designed to operate in shallow waters. Lockheed Martin delivered the second LCS vessel, the USS Fort Worth, to the U.S. Navy in 2012. Construction is progressing on the third and fourth LCS vessels, the Milwaukee and the Detroit, which are scheduled for completion in 2014 and 2015.

• The Persistent Threat Detection System (PTDS), a lighter-than-air continuous communications and persistent surveillance system produced for the U.S. Army. Deliveries on the PTDS program completed in 2012.


In 2013, the MST business segment generated net sales of $7.1 billion, which represented 16% of total sales. U.S. Government customers accounted for 75%, international customers accounted for 23%, and U.S. commercial and other customers accounted for 2% of MST's sales.

In 2012, the MST segment generated net sales of $7.6 billion, which represented 16% of total sales. MST's customers include the military services, principally the U.S. Navy, and various government agencies of the U.S. and allied countries, as well as commercial and other customers. U.S. Government customers accounted for 75%, international customers accounted for 24%, and U.S. commercial and other customers accounted for 1% of MST's net sales.

     Financial results for Lockheed Martin's Mission Systems and Training segment were as follows:
Performance of Lockheed Martin's principal lines of business

MST's net sales for 2013 decreased $426 million, or 6%, compared to 2012. The decrease was primarily attributable to lower net sales of approximately $275 million for various ship and aviation systems programs due to lower volume (primarily PTDS as final surveillance system deliveries occurred during the second quarter of 2012); about $195 million for various integrated warfare systems and sensors programs (primarily Naval systems) due to lower volume; approximately $65 million for various training and logistics programs due to lower volume; and about $55 million for the AEGIS program due to lower volume. The decreases were partially offset by higher net sales of about $155 million for the LCS program due to increased volume.

MST's operating profit for 2013 increased $168 million, or 23%, compared to 2012. The increase was primarily attributable to higher operating profit of approximately $120 million related to the settlement of contract cost matters on certain programs (including a portion of the terminated presidential helicopter program); about $55 million for integrated warfare systems and sensors programs (primarily radar and Halifax class modernization programs) due to increased risk retirements; and approximately $30 million for undersea systems programs due to increased risk retirements. The increases were partially offset by lower operating profit of about $55 million for training and logistics programs, primarily due to the recording of approximately $30 million of charges mostly related to lower-of-cost-or-market considerations; and about $25 million for ship and aviation systems programs (primarily PTDS) due to lower risk retirements and volume. Operating profit related to the LCS program was comparable. Adjustments not related to volume, including net profit booking rate adjustments and other matters, were approximately $170 million higher for 2013 compared to 2012.


Space Systems

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Space Systems is engaged in the design, research and development, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems, including activities related to the planned replacement of the Space Shuttle. Space Systems is responsible for various classified systems and services in support of vital national security systems. Space Systems' customers include various government agencies of the U.S. and commercial customers.


Space Systems' major programs include:

• The Trident II D5 Fleet Ballistic Missile, which is a program with the U.S. Navy for the only current submarine-launched intercontinental ballistic missile in production in the U.S.

• The Space-Based Infrared System (SBIRS) program, which provides the U.S. Air Force with enhanced worldwide missile launch detection and tracking capabilities.

• The Orion Multi-Purpose Crew Vehicle (Orion) program, an advanced crew capsule design for the National Aeronautics and Space Administration (NASA) utilizing state-of-the-art technology for human exploration beyond low earth orbit that replaces the Space Shuttle.

• The Advanced Extremely High Frequency (AEHF) system, which is the next generation of highly secure communications satellites for the U.S. Air Force.

• The Mobile User Objective System (MUOS), which is a next-generation narrow band satellite communication system for the U.S. Navy.

Global Positioning System (GPS) III, which is a program to modernize the GPS satellite system for the U.S. Air Force.

• The Geostationary Operational Environmental Satellite R-Series (GOES-R), which is the National Oceanic and Atmospheric Association's next generation of meteorological satellites.

• Through ownership interests in two joint ventures, Space Systems also includes expendable launch services for the U.S. Government through United Launch Alliance (under the EELV program).


The Space Systems segment generated net sales of $8.0 billion, $8.3 billion, $8.1 billion, and $8.2 billion, representing 18% of total sales in each of the years 2013, 2012, 2011 and 2010. Net sales from Space Systems' satellite products and services represented 12% of total sales in each of 2013, 2012, 2011, and 13% in 2010.

In 2013, U.S. Government customers accounted for 98%, international customers accounted for 1%, and U.S. commercial and other customers accounted for 1% of Space Systems' net sales.

In 2012, U.S. Government customers accounted for 95%, international customers accounted for 4%, and U.S. commercial and other customers accounted for 1% of Space Systems' net sales.

     Financial results for Lockheed Martin's Space Systems segment were as follows:
Performance of Lockheed Martin's principal lines of business

Space Systems' net sales for 2013 decreased $389 million, or 5%, compared to 2012. The decrease was primarily attributable to lower net sales of approximately $305 million for commercial satellite programs due to fewer deliveries (zero delivered during 2013 compared to two for 2012); and about $290 million for the Orion program due to lower volume. The decreases were partially offset by higher net sales of approximately $130 million for government satellite programs due to net increased volume; and about $65 million for strategic and defensive missile programs (primarily FBM) due to increased volume and risk retirements. The increase for government satellite programs was primarily attributable to higher volume on AEHF and other programs, partially offset by lower volume on GOES-R, MUOS, and SBIRS programs.

Space Systems' operating profit for 2013 decreased $38 million, or 4%, compared to 2012. The decrease was primarily attributable to lower operating profit of approximately $50 million for the Orion program due to lower volume and risk retirements and about $30 million for government satellite programs due to decreased risk retirements, which were partially offset by higher equity earnings from joint ventures of approximately $35 million. The decrease in operating profit for government satellite programs was primarily attributable to lower risk retirements for MUOS, GPS III, and other programs, partially offset by higher risk retirements for the SBIRS and AEHF programs. Operating profit for 2013 included about $15 million of charges, net of recoveries, related to the November 2013 restructuring plan. Adjustments not related to volume, including net profit booking rate adjustments and other matters, were approximately $15 million lower for 2013 compared to 2012.

Company Information

Revenues ('13): $45,358M -3.8%

R&D ('13): $697M +13.2%

Net Profit ('13): $2,983M +8.6%

CAPEX ('13): $836M -11.3%

Lockheed Martin - OEM

Products News Subsidiaries Acquisitions Competitors Customers R&D Spending 5-Year Financials

Aerospace Sector:

   Major Diversified OEM

Lockheed Martin Products:


Fighter aircraft; Military transport/tactical airlift aircraft; Logistics, upgrades, modifications, and MRO services; Ship systems integration: Command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) capability; Surface ship and submarine combat systems; Sea-based missile defense systems; Sensors; Tactical avionics; Port traffic management systems; Missile launching systems; Aerostat surveillance systems; Land-based, air, and theater missile-defense systems; Tactical battlefield missiles, E/O systems; Fire-control and sensor systems; Precision-guided weapons and munitions; Missions operations support; Readiness, engineering support, and integration services; Simulation and training services; Net-enabled situational awareness; Communications and command and control capabilities; Advanced intelligence processing; Satellites; Missile systems; Space transportation systems.

Lockheed Martin's Major DoD Defense Programs:


| DoD Prime ContractorAEGIS BMD | DoD Prime ContractorAEHF | DoD Prime ContractorAH-64 Apache | DoD Prime ContractorC-5 Galaxy | DoD Prime ContractorC-130 Hercules |
| CG 47 | DDG 51 | DoD Prime ContractorE-2D | E-6B | DoD Prime ContractorEELV | DoD Prime ContractorF-16 | DoD Prime ContractorF-22 | DoD Prime ContractorF-35 Lightning II |
| DoD Prime ContractorGMLRS | DoD Prime ContractorGPS | DoD Prime ContractorHellfire | DoD Prime ContractorHIMARS | DoD Prime ContractorJASSM | JDAM | DoD Prime ContractorJTRS |
| DoD Prime ContractorLittoral Combat Ship | DoD Prime ContractorMUOS | DoD Prime ContractorPAC-3/MSE | DoD Prime ContractorPatriot/MEADS |
| DoD Prime ContractorPatriot/PAC-3 | DoD Prime ContractorSBIRS | DoD Prime ContractorTHAAD | DoD Prime ContractorTrident II |

Commercial Programs:


No information available.

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