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Lockheed Martin Corporation

Industry: Aerospace Defence

Fortune Rank: 44

LMT engages in the research, design, manufacture and integration of advanced technology products and services ranging from aircraft, spacecraft and launch vehicles to missiles, electronics, IT, and energy management. For the 6 months ended 6/05, revenues rose 4% to $17.78B. Net income rose 41% to $830M. Revenues reflect higher sales volume in surface system programs at MS2 and in PT&TS. Net income also reflects significantly improved operating margins.

Lockheed Martin Corporation researches, designs, develops, manufactures, integrates, operates and sustains advanced technology systems, products and services. The Company serves customers in domestic and international defense and civil markets, with its principal customers being agencies of the United States Government. The Company operates in five business segments: Aeronautics, Electronic Systems, Space Systems, Integrated Systems and Solutions, and Information and Technology Services. During the year ended December 31, 2004, approximately 80% of the Company's net sales were made to the United States Government, either as a prime contractor or as a subcontractor, 16% of its net sales were made to foreign governments and 4% of its net sales were made to commercial customers. In December 2004, the Company acquired Sippican Holdings, Inc, a supplier of naval electronics systems. In January 2005, the Company sold its 42% stake in the joint venture company TUSAS Aerospace Industries, Inc.

Lockheed Martin Corporation

Lockheed Martin Corporation is a Fortune 500 company. In 2010 Lockheed Martin Corporation was ranked number 44 on the Fortune 500 list, making it the 44th largest company in the United States when judged by revenue.

Lockheed Martin Corporation achieved revenue of $45,189.00 million in 2010 and earned a profit of $3,024.00 million.

Lockheed Martin Corporation' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 44th compared to 54th in 2009. This was based on its 2009 revenue of $42,731 million (a change of 3 million compared to 2010) and profits of $3,217 million (a change of $0 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Lockheed Martin Corporation would be ranked 45th rather than 44th due to its profits of $3,024 in 2010.

* US$ Million

• Address
  • Lockheed Martin Corporation
    6801 Rockledge Drive
    Bethesda
    MD
    20817
• Contact Details
  • Phone: 301-897-6000
  • Fax: 301-897-6919
  • Website: www.lockheedmartin.com
  • Stock Symbol: LMT

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