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Lockheed Martin Corporation: Reshaping The U.S. Defence Industry

William R Simmons by William R Simmons
27 January 2023
in Business
Lockheed Martin Corporation Reshaping U.S. Defence Industry

Lockheed, the American aerospace, arms, and defense company, is currently controversial as it has decided to boost the production of F-16 Fighting Falcon jets to content the U.S. to send fighter jest to Ukraine.

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The COO of the company Frank St John verified news regarding the increased production of fighter aircraft. 

Table of Contents

Toggle
  • What Is Lockheed?
  • Lockheed Martin: Origin And Leadership
  • Lockheed Martin: Features
  • The Capabilities And Advanced Technologies Of Lockheed Martin
  • Lockheed Martin: Carbon Footprint
  • Lockheed Martin Subsidiaries
  • Lockheed Martin: Net Worth

What Is Lockheed?

Lockheed Martin Corporation is an aerospace, defense, arms, technology, and information security corporation from America that functions worldwide. The company has around 114,000 employees. 

As per the fiscal year of 2014, Lockheed Martin is the world’s largest defense contractor by revenue. It is also one of the global leaders in the military support, aerospace, security, and technology industries.

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The products of the company are Atlas V Launch Vehicles, an expendable launch system; C – 130 J Super Hercules, a four-engine turboprop military transport aircraft; and F – 35 Lightning II,  an American family of a single seated, single-engined, all-weather stealth multirole combat aircraft. 

Lockheed Martin

Lockheed considers itself a public company connecting customers with integrated solutions, and predictive technologies to ensure they stay ahead of emerging threats. 

And a global security and aerospace company principally engaged in the research, design, manufacture, development, integration, and sustainment of advanced technology systems, products, and services.

The specialties of the company are aeronautics, global security, space systems, defense, advanced technology, cyber security, innovation, rotary wing, aerospace, energy, space exploration, military research, maritime systems, aviation, commercial aircraft, autonomous systems, STEM, engineering, C4ISR, and artificial intelligence. 

Lockheed Martin: Origin And Leadership

Lockheed Martin was launched 27 years ago, on March 15, 1997. The company is a result of the merger between Lockheed Corporation, an American aerospace manufacturer; and Martin Marietta, an American aerospace company. 

It is headquartered in Bethesda, Maryland, U.S. The key people of the company are James D. Taiclet Chairman, President, and CEO (Chief Executive Officer); Frank A. St. John, COO (Chief Operations Officer); Jesus “Jay” Malave, CFO (Chief Financial Officer);

Dean Acosta, Senior Vice President, and Chief Communications Officer; Tim Cahill, Executive Vice President, and Missiles and Fire Control; Stephanie C. Hill, Executive Vice President, and Rotary and Mission Control;

Yvonne O. Hodge, Senior Vice President, and Enterprise Business and Digital Transformation and CIO; Greg A. Karol, Senior Vice President, and Chief Human Resources Officer;

Maryanne Lavan, Senior Vice President, and General Counsel and Corporate Secretary; Robert Lightfoot, Executive Vice President, and Space; Leo S. Mackay, Jr, Senior Vice President, and Ethics and Enterprise Assurance;

Rodney A. Makoske, Chief Engineer and Senior Vice President, and Engineering and Technology; Christian Marrone, Senior Vice President, and Government Affairs;  Greg M. Ulmer, Executive Vice President, and Aeronautics; and Michael Williamson, Senior Vice President, and Global Business Development and Strategy. 

Lockheed Martin: Features

The 4 major hallmark attributes and specimens of the company are

  1. Mission-focused – Autonomous Black Hawk First Flight, L M X T: America’s Next Strategic Tanker, Launchers With Mobility and Flexibility, and Flying NASA’s Most Important Missions.
  1. Leader of all domains – Cyber, Space, Air, Sea, and Land.
  1. Innovation at Scale – Digital Technology: A Centerpiece of Future Vertical Lift, Meeting the Demand for Missile Defense through Transformation, Digital Flight Line, and SiAW Takes First Steps on Digital Transformation Journey.
  1. 21st Century Security – Directed Energy Laser Weapon Systems, 5 G . M I L ® Connectivity for All-Domain Operations, Distributed Teaming, and Space-enabled Joint All-Domain Operations. 

The Capabilities And Advanced Technologies Of Lockheed Martin

  • 5G from Space
  • Airborne Electronic Warfare
    • A N / A L Q – 210  – E S M (Electronic Support Measures) – M H -60 R
    • A N / A L Q – 217 – E S M – E – 2 C / D
    • A N / A P R – 48 B – Targeting E S M – Apache A H – 64 D/E
    • AN  /A P R – 52 – Digital R W R – Combat Rescue Helicopter (C R H) H H – 60 W
    • Global Positioning System Spatial Temporal Anti Jam Receiver (G S T A R)
  • Autonomous and Unmanned Systems
  • C4ISR
  • Integrated Air and Missile Defense
  • Aircraft
    • Armed Black Hawk
    • C – 5 Galaxy
    • C – 130 J Super Hercules
    • F – 2 Support Fighter
    • F – 16 Fighting Falcon
    • F – 21
    • F – 22 Raptor
    • F – 35 Lightning II
    • Future Vertical Lift: DEFIANT X ®
    • Future Vertical Lift: RAIDER X ®
    • Indago 3 – UAV
    • LM – 100 J
    • P – 3 Orion
    • S – 97 RAIDER ®
    • SB > 1 DEFIANT ®
    • Sikorsky BLACK HAWK Helicopter
    • Sikorsky  CH – 148 Cyclone Helicopter
    • Sikorsky  CH – 53 K Helicopter
    • Sikorsky FIRE HAWK ® Helicopter
    • Sikorsky HH – 60 W Combat Rescue Helicopter
    • Sikorsky MH – 60 R SEA HAWK ® Helicopter
    • Sikorsky S – 76 ®  Helicopter
    • Sikorsky S – 92 ®  Helicopter
    • U – 2 Dragon Lady
    • VCSi
    • X – 56A
    • X – 59
  • Training, Logistics, And Sustainment News
    • Ctrl + P: 3 D Printing an F – 35 Cockpit
    • Looking Ahead with Land Training
    • Gaming Technology: The Future of Training
    • Pilots Mission Ready Kept Ready By F – 35 Training Systems
    • U.S. Air Force Declares Initial Operational Capability Of Sikorsky H H – 60 W Jolly Green II
    • U.S. Navy Expands C H -53 K ® Training With Additional Simulators
    • A T M P Supports Arctic Warrior Training Exercise
    • How A I and Resilient Sustainment Keep the Army Mission Ready
    • Rotorcraft Sustainment Taken To New Heights By Future Vertical Lift
    • Data Analytics and Artificial Intelligence Will Revolutionize the Navy’s Ship Repair Process.
    • Ready for Training: U.S. Marines Learning C H – 53 K King Stallion
    • France & Germany Embark The Hercules Training
    • Major Test Milestone: Aerial Refueling Successfully Executed By Combat Rescue Helicopter Program
    • C H – 53 K King Stallion Completes First Sea Trials
    • New C H – 53 K Simulator Ready for Training
    • Don’t Rock the Boat – Training to Sail an L C S ( Littoral Combat Ship)
    • Three Technologies Transforming Military Training in 2020
    • Hands-on on H T C Vive Pro Eye V R headset 
    • A Roundup Of H T C’s Vive Announcements At C E S
    • 1.5 Million US Dollars to Develop New Cyber Innovation Lab at U C F
    • Lockheed Martin Poses Affordability in F – 35 Training 
    • The Financial Contributions of Lockheed Martin to Australia  
    • Sikorsky Offers Colombia-based Black Hawk Helicopter Maintenance and Simulator Flight Training Services to Militaries of Latin America
    • New Lockheed Martin Readiness Contract Strengthens Sustainment
    • Defense accepts pilot training aircraft
    • P C  – 21 aircraft M R O commenced in 2018
    • S M Es to benefit from global supply chain agreement
    • The Royal Jordanian Air Force will receive a new simulation-based F-16 training environment from Lockheed Martin.
  • Advanced production – intelligent factory framework, flexible factory construct to support customer priorities, and technology-enabled advanced manufacturing environment. 
  • Advanced Technologies –
    • Directed Energy
    • Hypersonics
    • Autonomous Systems:
      • Constant verification
      • Maximized Performance
      • Artificial Intelligence
      • Advanced Computing

Lockheed Martin: Carbon Footprint

The carbon footprint, CO2e emissions of Lockheed Martin as reported on December 31, 2020, of the previous months were at  919 Kt (-49 /-5.1% y-o-y). This is the overall direct and indirect CO2e emissions.

The carbon footprint of a corporation means the total greenhouse gas emission caused by the corporation and is expressed as carbon dioxide equivalent (CO2e). 

Must Read:- Tezos: An Open-Source Blockchain That Provides Long Term Stability

Lockheed Martin Subsidiaries

  • Hellfire Systems, L.L.C.
  • Lockheed Martin Aerospace Systems Integration Corporation
  • Lockheed Martin Australia Pty Limited
  • Lockheed Martin Canada Inc.
  • Lockheed Martin Desktop Solutions, Inc.
  • Lockheed Martin Engine Investments, LLC
  • Lockheed Martin Global, Inc.
  • Lockheed Martin Integrated Systems, Inc.
  • Lockheed Martin Integrated Technology, LLC
  • Lockheed Martin International Service Corporation
  • Lockheed Martin Investments Inc.
  • Lockheed Martin Logistics Management, Inc.
  • Lockheed Martin Millimeter Technologies, Inc.
  • Lockheed Martin Operations Support, Inc.
  • Lockheed Martin Services, Inc.
  • Lockheed Martin Space Alliance Company
  • Lockheed Martin UK Ampthill Limited
  • Lockheed Martin UK Limited
  • Lockheed Martin BTS Limited
  • QTC Holdings Inc.
  • Sikorsky Aircraft

Lockheed Martin: Net Worth

As of 2021, Lockheed Martin has an increasing revenue of 67.04 billion U.S. Dollars and an operating income of 9.12 billion U.S. Dollars. The company has a decreasing net income of 6.32 billion U.S. Dollars.

The total assets of the company are an increasing 50.87 billion U.S. Dollars and total equity is an increasing 10.96 billion U.S. Dollars. 

Read More:- TurboTax: Everything You Need To Know!

Tags: BiographyBusiness

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