United States

Profile: Lockheed Martin Corp (LMT.N)

LMT.N on New York Stock Exchange

17 Feb 2017
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Lockheed Martin Corporation, incorporated on August 29, 1994, is a global security and aerospace company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Company operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems. The Company provides a range of management, engineering, technical, scientific, logistics and information services. The Company's areas of focus are in defense, space, intelligence, homeland security and information technology, including cyber security. It serves customers, including military services, the United States Navy and various government agencies of the United States and other countries, as well as commercial and other customers.


The Company's Aeronautics segment 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 Aeronautics segment programs include F-35 Lightning II Joint Strike Fighter, which is an international multi-role, multi-variant, fifth generation stealth fighter; C-130 Hercules, which is an international tactical airlifter; F-16 Fighting Falcon, which is an international multi-role fighter; F-22 Raptor, which is an air dominance and multi-mission fifth generation stealth fighter, and C-5M Super Galaxy, which is an airlifter.

The Company's F-35 program consists of a development contracts, multiple production contracts and sustainment activities. The Aeronautics segment produces and provides support and sustainment services for the C-130J Super Hercules, as well as upgrades and support services for the legacy C-130 Hercules across the world fleet. The Company produces F-16 aircraft for international customers. It also provides service-life extension, modernization and other upgrade programs for its customers' F-16 aircraft. Its Aeronautics segment provides sustainment services for the existing United States Air Force C-5 Galaxy fleet and modernization activities to convert 49 C-5 Galaxy aircraft to the C-5M Super Galaxy configuration. The Company has delivered over 30 C-5M aircraft under these modernization activities. In addition to the aircraft programs, the Aeronautics segment is involved in advanced development programs incorporating design and rapid prototype applications.

The Company's Advanced Development Programs (ADP) organization, also known as Skunk Works, is focused on future systems, including unmanned aerial systems and next generation capabilities for advanced strike, intelligence, surveillance, reconnaissance, situational awareness and air mobility. The Company continues to explore technology advancement and insertion in its existing aircraft. It is engaged in numerous network-enabled activities and also continues to invest in new technologies.

Information Systems & Global Solutions

The Company's Information Systems & Global Solutions segment provides advanced technology systems and integrated information technology solutions, and management services across a range of applications for civil, defense, intelligence and other government customers. The Company's IS&GS segment supports the needs of customers in data analytics, data center operation and air traffic management. The IS&GS provides network-enabled situational awareness and integrates global systems to help its customers gather, analyze and securely distribute critical data.

The IS&GS segment programs include the Hanford Mission Support contract, which is a program to provide infrastructure and site support services to the department of energy; En Route Automation Modernization (ERAM) contract, which is a program to replace the Federal Aviation Administration's infrastructure with a modern automation environment that includes new functions and capabilities; National Science Foundation Antarctic Support program, which manages sites and equipment to enable universities, research institutions and federal agencies to conduct scientific research in the Antarctic, and QTC business, which provides information technology (IT)-enabled case management of outsourced medical evaluations for federal, state and commercial customers. Its Technical Services business provides a portfolio of technical and sustainment services to enhance its customers' mission success, with core capabilities in engineering services; global aviation solutions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) product support; counter threat services, and education and sustainment services.

Missiles and Fire Control

The Company's 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; energy management solutions, and manned and unmanned ground vehicles. The Company's MFC segment programs include Patriot Advanced Capability-3 (PAC-3); Terminal High Altitude Area Defense (THAAD) air and missile defense programs; Multiple Launch Rocket System (MLRS); Hellfire; Joint Air-to-Surface Standoff Missile (JASSM); Javelin tactical missile programs; Apache; Sniper; Low Altitude Navigation and Targeting Infrared for Night (LANTIRN) fire control systems programs, and Special Operations Forces Contractor Logistics Support Services (SOF CLSS).

The Company's PAC-3 is a defensive missile for the United States Army and international customers designed to intercept and eliminate incoming airborne threats using kinetic energy. THAAD is a transportable defensive missile system for the United States Government and international customers designed to engage targets both within and outside of the earth's atmosphere. MLRS is a mobile, automatic system that fires surface-to-surface rockets and missiles from the M270 and high mobility artillery rocket system platforms produced for the United States Army and international customers. Hellfire is an air-to-ground missile used on rotary and fixed-wing aircraft, which is produced for the United States Army, Navy, Marine Corps and international customers. JASSM is an air-to-ground missile launched from fixed-wing aircraft, which is produced for the United States Air Force and international customers. Javelin is a shoulder-fired anti-armor rocket system, which is produced for the United States Army, Marine Corps and international customers.

The Company's Apache fire control system provides weapons targeting capability for the Apache helicopter for the United States Army and international customers. Sniper is a targeting system for several fixed-wing aircraft and LANTIRN is a combined navigation and targeting system for several fixed-wing aircraft. Both Sniper and LANTIRN are produced for the United States Air Force and international customers. The SOF CLSS program provides logistics support services to the operations forces of the United States military.

Mission Systems and Training

The Company's Mission Systems and Training segment provides design, manufacture, service and support for various military and civil helicopters, ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; the littoral combat ship (LCS); simulation and training services, and unmanned systems and technologies. In addition, MST supports the needs of customers in cybersecurity, and delivers communication and command capabilities through complex mission solutions for defense applications. MST's programs include Black Hawk and Seahawk helicopters; Aegis Combat System (Aegis); LCS; Space Fence; Advanced Hawkeye Radar System, and TPQ-53 Radar System.

The Company's Aegis serves as a fleet ballistic missile defense system for the United States Navy and international customers, and is also a sea and land-based element of the United States missile defense system. Its LCS is a surface combatant ship for the United States navy designed to operate in shallow waters and the open ocean. The Company's MH-60 is a maritime helicopter mission system and sensor, including the digital cockpit and weapons. ItsTPQ-53 Radar System is a sensor that locates and neutralizes mortar and rocket threats, produced for the United States Army and international customers. Its Advanced Hawkeye Radar System is an airborne early warning radar, which is provided by MST for the E2-C/E2-D aircraft produced for the United States Navy and international customers. The Company's Space Fence system is a ground-based radar system for the United States Air Force designed to track the objects in space and to prevent space-based collisions.

Space Systems

The Company's Space Systems segment is engaged in the research and development, design, engineering and production of satellites, strategic and defensive missile systems, and space transportation systems. The Company's Space Systems segment programs include Space Based Infrared System (SBIRS), Advanced Extremely High Frequency (AEHF) system, Global Positioning System (GPS) III, Geostationary Operational Environmental Satellite R-Series (GOES-R), Mobile User Objective System (MUOS), Trident II D5 Fleet Ballistic Missile and Orion Multi-Purpose Crew Vehicle (Orion).

The Company's SBIRS provides the United States Air Force with missile launch detection and tracking capabilities. AEHF system is secure communications satellites for the United States Air Force. GPS III is a program to modernize the GPS satellite system for the United States Air Force. GOES-R is the National Oceanic and Atmospheric Association's meteorological satellites. MUOS is a narrow-band satellite communication system for the United States Navy. The Trident II D5 Fleet Ballistic Missile is a program with the United States Navy for the only submarine-launched intercontinental ballistic missile in production in the United States. Orion is a spacecraft for the National Aeronautics and Space Administration (NASA) utilizing new technology for human exploration missions beyond low earth orbit.

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Lockheed Martin Corp

BETHESDA   MD   20817-1803
P: +1301.8976000

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