Trade.Information

Company Name: Lockheed Martin Corporation

Company Type: Manufacturer

Company Profile

Lockheed Martin Corporation was formed in March 1995 with the merger of two of the world's premier technology companies, Lockheed Corporation and Martin Marietta Corporation. In 1996, Lockheed Martin completed its strategic combination with the defense electronics and systems integration businesses of Loral.

Lockheed Martin traces its roots back to the early days of flight. In 1909 aviation pioneer Glenn L. Martin organized a company around a modest airplane construction business and built it into a major airframe supplier to U.S. military and commercial customers. Martin Marietta was established in 1961 when the Glenn L. Martin Company merged with American-Marietta Corp., a leading supplier of building and road construction materials. In 1913, Allan and Malcolm Loughead (name later changed to Lockheed) flew the first Lockheed plane over San Francisco Bay. The modern Lockheed Corporation was formed in 1932 after the fledgling airplane company was reorganized.

The former Loral Corporation was founded in 1948 in New York City by William Lorenz and Leon Alpert as a small defense electronics firm that over the years grew into a multi-billion dollar firm. In sum, the new Lockheed Martin Corporation comprises all or portions of 17 heritage companies.

About Company

Lockheed Martin Corporation, an advanced technology company, was formed in March 1995 with the merger of two of the world's premier technology companies, Lockheed Corporation and Martin Marietta Corporation.

Headquartered in Bethesda, Maryland, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services.

Lockheed Martin is led by Robert J. Stevens, Chairman, President and Chief Executive Officer.

CUSTOMER BASE: As a lead systems integrator and information technology company, the majority of Lockheed Martin's business 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 our products, services and platforms.

FINANCIAL PERFORMANCE: The Corporation reported 2006 sales of $39.6 billion, a backlog of $75.9 billion, and free cash flow of $3.8 billion.

ORGANIZATION: Lockheed Martin's operating units are organized into broad business areas.

• Aeronautics, with approximately $11.4 billion in 2006 sales, includes tactical aircraft, airlift, and aeronautical research and development lines of business.
• Space Systems, with approximately $7.9 billion in 2006 sales, includes space launch, commercial satellites, government satellites, and strategic missiles lines of business.
• Systems & IT Group, with approximately $20.3 billion in 2006 sales, will leverage our existing and emerging capabilities to address customers' growing needs for highly integrated systems and solutions. This includes missiles and fire control, naval systems, platform integration, C4I, federal services, energy programs, government and commercial IT and aeronautical/aerospace services lines of business.

The Corporation's New York Stock Exchange symbol is LMT and its web-address is www.lockheedmartin.com.