Lockheed Martin Corporation (IT Consulting)

The best defense

Lockheed Martin is a global security company focused on domestic and foreign defense and civil markets, with the U.S. Department of Defense and other federal government agencies accounting for the majority of its business.  Historically, more than 80 percent of the firm's annual revenue has come from the U.S. government, with sales to international governments and a small amount of commercial activity making up the remainder.  

The firm designs and manufactures advanced technology systems and products, and also offers management, engineering, technical, scientific, logistics and information services.  Its activities are organized around four principal areas: aeronautics, electronic systems, information systems and global services (IS&GS), and space systems.  It maintains locations in 500 cities and 46 U.S. states, as well as in 75 foreign countries and territories.

Rocky roads

Lockheed Martin's current incarnation is surprisingly young, having come into being in 1995 when Martin Marietta merged with Lockheed Aircraft.  Martin Marietta was a manufacturer of building materials and chemicals, as well as electronics and aerospace products.  Founded in 1961, it built the first intercontinental ballistic missiles.  Following some difficult years of asset sell-offs and complicated takeover attempts, the company combined with Lockheed Aircraft in 1995.  

Lockheed Aircraft was founded in 1926 by early aviators Allan and Malcolm Loughead (switched to its phonetic spelling of Lockheed upon incorporation).  The brothers presided over the creation of a number of major American aircraft, among them the P-38 Lightning fighter, the U-2 spy plane and the SR-71 Blackbird spy plane.  The company was implicated in a highly damaging bribery case over contributions made to foreign government officials from the 1950s through the 1970s to guarantee manufacturing contracts.  The scandal nearly upended the company, but it was eventually able to right itself through management changes and increased discipline in its practices.  Lockheed Aircraft would go on to produce the Hubble Space Telescope and the F-117A stealth fighter before the merger with the also weathered Martin Marietta.

Above and below

For so young a company, Lockheed Martin has an exceptionally high profile.  Even the layman is familiar with the name, and can probably identify it as a maker of fighter jets and other military aircraft.  These activities, carried out by the aeronautics practice, are not all the firm does, however, though they might be the most glamorous.  The electronic systems practice designs, researches, develops, integrates and maintains high-performance systems for undersea, shipboard, land and airborne applications.  The space system practice designs and develops satellites, long-range missiles and airborne defense systems, while the information and global technology practice, through which the firm's consulting is done, offers business process management, e-government, enterprise architecture, homeland security, information assurance and systems development and integration.  

Clients of Lockheed Martin's IT consulting services include defense, intelligence and other government agencies, among them the Departments of Agriculture, Health and Human Services, Commerce Energy, Housing and Urban Development, Justice and Transportation, as well as NASA, the Social Security Administration and the U.S. Postal Service.  The practice has also worked with the governments of China and the U.K.



Lockheed Martin Corporation (IT Consulting)


6801 Rockledge Drive
Bethesda, MD 20817
Phone: (301) 897-6000
Fax: (301) 897-6704
www.lockheedmartin.com

STATS


  • Employer Type: Public
  • Stock Symbol: LMT
  • Stock Exchange: NYSE
  • President & CEO: Robert J. Stevens
  • 2010 Employees: 132,000

Major Office Locations

  • Bethesda, MD

Key Financials

  • 2010 Revenue: $45,803 million

Become a Vault Basic Member

Complete your Vault Profile and get seen by top employers