Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland. The company is publicly listed on NYSE under the ticker “LMT”.
Our considerations
Lockheed Martin Corporation is a security and aerospace company engaged in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company works primarily with the US agencies: indeed, in 2021, 71% of its $67.0 billion in sales were from the US Government, including 62% from the Department of Defense, 28% were from international customers and 1% were from US commercial and other customers. The company’s main areas of focus are in defense, space, intelligence, and homeland security, as well as information technology and cybersecurity, and in each of them the company has a huge competitive and technological advantage with respect to other similar companies. Lockheed Martin could be considered as one of the most developed and important defense companies on the planet, both for its status of irreplaceable national security company, and for the expected future higher demand of its disruptive technologies.
First of all, Lockheed Martin provides, both the US and NATO members, vital defense systems, which cannot be replaced. For example, the company provides the US Air Force the F-22 Raptor, an air-superiority stealth air fighter, which is considered by the USAF as a critical component of its tactical airpower. Indeed, the combination of stealth technology, aerodynamic performance, and mission systems makes the F-22 one of the most powerful aircraft in air combat of the world. Another important program is the older F-16 fighter program. The fighter’s revenue comes primarily from maintenance and upgrading programs, as well as sales to international countries such as Greece, Slovakia, Bahrain, and other countries that prefer the cheaper F-16 to other more advanced, but more expensive, fighters.
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