Lockheed Martin was formed when Lockheed Corporation and Martin Marietta merged in 1996 in a $10 billion merger.
Both companies had important products in their portfolio that they brought to the deal. Lockheed’s portfolio included the Trident Missile, F-16 Fighting Falcon, F-22 Raptor, and A-4AR Fightinghawk. Martin had Titan Rockets, Space Shuttle External Tank, Viking I and Viking II landers, and various satellite models.
Today Lockheed Martin is one of the world’s biggest defense contractors. About three-quarters of the company’s revenue comes from the Department of Defense and military contracts. Lockheed Martin receives 7% of funds paid out by the Pentagon. The company also works with some foreign governments.
Lockheed Martin is an aerospace, defense, security, and advanced technology company which operates through five business segments: Aeronautics, Information Systems and Global Solutions, Missile and Fire Control, Mission Systems and Training, and Space Systems.
Lockheed Martin trades on the NYSE under the symbol LMT, is part of the S&P 500, has 123,000 employees worldwide and had $46.499 billion in revenue in 2011.
Lockheed Martin
Lockheed Martin was formed when Lockheed Corporation and Martin Marietta merged in 1996 in a $10 billion merger.
Both companies had important products in their portfolio that they brought to the deal. Lockheed’s portfolio included the Trident Missile, F-16 Fighting Falcon, F-22 Raptor, and A-4AR Fightinghawk. Martin had Titan Rockets, Space Shuttle External Tank, Viking I and Viking II landers, and various satellite models.
Today Lockheed Martin is one of the world’s biggest defense contractors. About three-quarters of the company’s revenue comes from the Department of Defense and military contracts. Lockheed Martin receives 7% of funds paid out by the Pentagon. The company also works with some foreign governments.
History
Lockheed Martin is an aerospace, defense, security, and advanced technology company which operates through five business segments: Aeronautics, Information Systems and Global Solutions, Missile and Fire Control, Mission Systems and Training, and Space Systems.
Lockheed Martin trades on the NYSE under the symbol LMT, is part of the S&P 500, has 123,000 employees worldwide and had $46.499 billion in revenue in 2011.