Lockheed Martin

Lockheed Martin is the largest arms manufacturer in the world [1], with an order book worth £70bn and a dominance in the fighter aircraft sector. $23.3bn in military sales, including fighter and transport aircraft, missiles and space systems, comprise 88% of company turnover.

The company describes itself on its website as "an advanced technology company ... formed in March 1995 with the merger of two of the world's premier technology companies, Lockheed Corporation and Martin Marietta Corporation."[2]

Lockheed Martin is headquartered in Bethesda, Maryland, and "employs about 125,000 people worldwide." The company is "principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services" [3].

Nearly 80% of Lockheed Martin's customer base is with the U.S. Department of Defense and the U.S. federal government agencies. "In fact, Lockheed Martin is the largest provider of IT services, systems integration, and training to the U.S. Government. The remaining portion of Lockheed Martin's business is comprised of international government and some commercial sales of products, services and platforms."[4]

News articles

• "The company that runs the empire" by Jeffrey St. Clair in CounterPunch January 22, 2005, reports, "Lockheed rakes it in from the federal treasury at the rate of $65 million every single day of the year."
• 27 August 2003 WASHINGTON (AFP) "Lockheed Martin will pay the US government 37.9 million dollars to settle accusations that it inflated the cost of contracts for the US air force, the justice department said."
• B. Rivers, "US Firm Under Investigation Over ROC Rep Payments", Journal of Electronic Defense, November 1, 1999:

"Sanders, A Lockheed Martin Company (Nashua, NH), is reportedly under investigation by a federal grand jury in Los Angeles, CA, to determine if the company made improper payments to a consultant based in the Republic or China (ROC, or Taiwan) in order to win a 1990 contract for the provision of area-defense radar systems to that country. Prosecutors are examining dealings between Sanders and Richard Hei, a consultant with ties to ROC military and government officials."

• Lockheed completed their acquisition of the military logistics company Pacific Architects and Engineers, Inc. on September 29, 2006. [5]

Political contributions

The Lockheed Martin political action committee (PAC) gave $1,609,299 to federal candidates in the 05/06 election cycle - 42% to Democrats, 58% to Republicans.

Lobbying

Friends of the Earth Flanders & Brussels (Belgium) writes that "The company has close links with the US government. It has played a leading role in lobbying for increased defence spending after the terrorist attacks on September 11th 2001. It has donated over $1 million to members of the US government committees responsible for awarding defence contracts, and in return has been rewarded with orders from the US federal government that are worth $65 million per day. As well as clear financial links, there is also a “revolving door” between the company and the Bush administration, with personnel working for Lockheed Martin moving to the Pentagon, and vice-versa."

The company spent $9,887,000 for lobbying in 2006. $3,373,500 was to 47 lobbying firms with the remainder being spent using in-house lobbyists.

Leadership

Key executives with 2006 pay:

• Robert J. Stevens, Chairman, Chief Executive Officer and President, $5,170,000
• Christopher Eugene Kubasik, Chief Financial Officer and Executive Vice President, $1,870,000
• Robert B. Coutts, Executive Vice President of Electronic Systems, $2,010,000
• Ralph D. Heath, Executive Vice President of Aeronautics, $1,460,000
• Michael F. Camardo, Former Executive Vice President of Information & Technology Services, $1,680,000

Board of Directors

• Robert J. Stevens, Chairman, President and CEO, Lockheed Martin
• E. C. "Pete" Aldridge, Jr., Former Under Secretary of Defense
• Nolan D. Archibald, Chairman, President and CEO, Black & Decker Corporation
• Marcus C. Bennett, Retired Executive Vice President and CFO Lockheed Martin
• Vance D. Coffman, Retired Chairman
• James O. Ellis, Jr., President and Chief Executive Officer, Institute of Nuclear Power Operations
• Gwendolyn S. King, President, Podium Pose
• James M. Loy, Senior Counselor, The Cohen Group
• Douglas H. McCorkindale, Chairman (Retired), Gannett Co., Inc.
• Eugene F. Murphy, Retired Vice Chairman and Executive Officer, General Electric Company
• Joseph W. Ralston, Vice Chairman, The Cohen Group
• Frank Savage, CEO, Savage Holdings LLC
• James M. Schneider, Chairman Frontier Bancshares, Inc.
• Anne Stevens, Chairman, President and Chief Executive Officer Carpenter Technology Corporation
• James R. Ukropina, Chief Executive Officer, Directions, LLC and Of Counsel, O'Melveny & Myers
• Douglas C. Yearley, Chairman Emeritus, Phelps Dodge Corporation

Contact

6801 Rockledge Dr.
Bethesda, MD 20817
Phone: 301-897-6000
Fax: 301-897-6704
Web: http://www.lockheedmartin.com

SourceWatch Resources

• Military-industrial complex
• Defense contractors
• Locations of Boeing, Lockheed Martin, Raytheon, and TRW
• Perchlorate Study Group
• Lockheed Martin Orincon Defence

External links

• Campaign Against the Arms Trade, Lockheed Martin company profile
• Warprofiteers.com: Lockheed Martin
• National Commission for Economic Conversion & Disarmament, Major Defense Contractors: A Mixed Record on Conversion; see entry on Lockheed and Martin Marietta.
• Wikipedia article
• Environmental... Something, a blog post from the Greenpeace blog StopGreenwash.org. Mentions Lockheed Martin's new greenwash campaign, "How."
• "The Center for Corporate Policy's Ten Worst War Profiteers of 2004", The Center for Corporate Policy. Features Lockheed Martin at number 8. Undated, accessed January 2005.