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."

Leadership

• Robert J. Stevens, President and CEO
• Christopher E. Kubasik, Chief Financial Officer
• Michael F. Camardo, Executive Vice President, Information & Technology Services
• Robert B. Coutts, Executive Vice President, Electronic Systems
• Ralph Heath, Executive Vice President, Aeronautics
• Stanton D. Sloane, Executive Vice President, Integrated Systems & Solutions
• Thomas Marsh, Executive Vice President, Space Systems

Board of Directors

• Nolan D. Archibald, Chairman, President and CEO, Black & Decker Corporation
• Norman R. Augustine, Chairman of the Executive Committee Lockheed Martin
• Marcus C. Bennett, Retired Executive Vice President and CFO Lockheed Martin
• Vance D. Coffman, Chairman

• Gwendolyn S. King, President, Podium Pose
• Douglas H. McCorkindale, Chairman, President and CEO, Gannett Co., Inc.
• Eugene F. Murphy, Retired Vice Chairman and Executive Officer, GE Company
• Frank Savage, CEO, Savage Holdings LLC
• Anne Stevens, Vice President, North America Vehicle Operations, Ford Motor Company
• Robert J. Stevens, President and CEO, Lockheed Martin
• James R. Ukropina, CEO, Directions, LLC
• Douglas C. Yearley, Chairman Emeritus, Phelps Dodge Corporation

Contact

Lockheed Martin
6081 Rockledge Drive
Bethesda
Maryland
20817
USA

Tel: + 00 1 301 897 6000

Website: http://www.lockheedmartin.com

SourceWatch links

• Military-industrial complex
• Defense contractors
• Locations of Boeing, Lockheed Martin, Raytheon, and TRW

External Links

• Campaign Against the Arms Trade, Lockheed Martin company profile
• National Commission for Economic Conversion & Disarmament, Major Defense Contractors: A Mixed Record on Conversion; see entry on Lockheed and Martin Marietta.
• Wikipedia article
• "The Center for Corporate Policy's Ten Worst War Profiteers of 2004", The Center for Corporate Policy. Undated, accessed January 2005.