Profile: Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation is a global security company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems and products. The Company provides a range of management, engineering, technical, scientific, logistic and information services. It serves both domestic and international customers with products and services that have defense, civil and commercial applications, with its principal customers being agencies of the United States Government. The Company operates in four segments: Electronic Systems, Information Systems and Global Services (IS&GS), Aeronautics and Space Systems. In September 2008, Lockheed Martin Corporation acquired Aculight Corporation. In January 2009, the Company completed its acquisition of Universal Systems & Technology, Inc. (UNITECH). In August 2009, the Company completed its acquisition of Gyrocam Systems LLC (Gyrocam). Gyrocam develops and supplies gyrostabilized optical surveillance systems and sustainment field services, principally to the United States military. Lockheed Martin Missiles and Fire Control, a unit of the Company's Electronic Systems business area, will manage the Gyrocam business.

Electronic Systems

The Company’s Electronic Systems segment manages programs and designs, develops and integrates hardware and software solutions to ensure the mission readiness of armed forces and government agencies worldwide. It integrates land vehicles, ships, and fixed and rotary-wing aircraft. Major lines of business include air and missile defense; tactical missiles; weapon fire control systems; surface ship and submarine combat systems; anti-submarine and undersea warfare systems; land, sea-based, and airborne radars; surveillance and reconnaissance systems; simulation and training systems, and integrated logistics and sustainment services. Lockheed Martin Corporation also manages and operates the Sandia National Laboratories for the United States Department of Energy and are part of the consortium that manages the United Kingdom’s Atomic Weapons Establishment.

Maritime Systems & Sensors (MS2) provides ship systems integration, including command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) capability across shore-based command centers; surface-ship and submarine combat systems; sea-based missile defense systems; sensors; tactical avionics; port traffic-management systems; missile-launching systems; aerostat surveillance systems; utility-scale renewable energy generation, and supply-chain-management programs and systems. Missiles and Fire Control develops and produces land-based, air and theater missile defense systems, tactical battlefield missiles, electro-optical systems, fire control and sensor systems, and precision-guided weapons and munitions. The Platform, Training and Transportation Systems (PT&TS) business integrates mission-specific applications for fixed and rotary-wing platforms, develops and integrates postal automation and material handling systems, develops tactical wheeled vehicles, and provides simulation, training, and support services.

Information Systems & Global Services

The Company’s IS&GS segment is engaged in providing federal services, information technology (IT) solutions and advanced technology expertise across a spectrum of applications and customers. IS&GS provides life cycle support and specialized talent in the areas of software and systems engineering, including capabilities in space, air and ground systems, and also provides logistics, mission operations support, peacekeeping and nation-building services for a variety of United States defense and civil government agencies in the United States and abroad.

Mission Solutions provides intelligence, defense and civil agency customers with research, development and engineering expertise to produce operational or business solutions. Mission Solutions provides systems that gather, process, assimilate, fuse and distribute data from ground, air and space assets. Information Systems provides functional expertise in business systems, IT infrastructure and process outsourcing systems based on the use of commercial technology and solutions structured to deliver contractually specified levels of service. In Global Services, the Company supports mission services, global security and stability operations and provides facility services. In April 2008, IS&GS completed the acquisition of the Eagle Group International LLC.

Aeronautics

Aeronautics is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. The Company’s customers include various government agencies and the military services of the United States and allied countries worldwide. The Company’s Combat Aircraft business designs, develops, produces and provides systems support for fighter aircraft. Its major fighter aircraft programs include the F-35 Lightning II Joint Strike Fighter, which is an international multi-role coalition fighter; the F-22 Raptor, which is an air dominance and multi-mission stealth fighter, and the F-16 Fighting Falcon, which is a combat-proven, international multi-role fighter. The Company also participates in joint production of the F-2 fighter aircraft for Japan, and are a co-developer of the Korean T-50 supersonic jet trainer aircraft.

In Air Mobility, Lockheed Martin Corporation designs, develops, produces and provides system support and sustainment of tactical and strategic airlift aircraft. Its major programs include production, support and sustainment of the C-130J Super Hercules, upgrade and support of the legacy C-130 Hercules worldwide fleet, support of the existing C-5A/B/C Galaxy fleet, and development, modification, installation and support of the emerging C-5M Super Galaxy fleet. The Company provides a range of logistics support, sustaining engineering, aviation upgrades, modifications, and maintenance, repair and overhaul (MRO) for all of its lines of aircraft, including the F-35, the F-22, the F-16, the C-130, the C-5, the P-3 Orion maritime patrol aircraft and the U-2 Dragon Lady high-altitude reconnaissance aircraft.

Space Systems

Space Systems is engaged in the design, research, development, engineering and production of satellites and defensive missile systems and space transportation systems. The Satellite product line includes both government and commercial satellites. Strategic and Defensive Missile Systems includes missile defense technologies and systems and fleet ballistic missiles. Its Satellites business designs, develops, manufactures and integrates advanced technology satellite systems for government and commercial applications. The Company provides Space Transportation Systems business provides human space flight systems.