Lockheed Martin is a premier global aerospace, defense, and security company headquartered in Bethesda, Maryland, USA. Established in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company has become a dominant force in designing, manufacturing, and providing advanced technology systems for governments and commercial clients worldwide. With a strong emphasis on innovation, Lockheed Martin plays a pivotal role in advancing global security, delivering solutions that span across air, sea, space, and cyber domains.
The company is known for its extensive portfolio that includes aircraft, space systems, missile defense, and radar technologies. Lockheed Martin’s contributions to aerospace are groundbreaking, including iconic projects like the F-35 fighter jet, space exploration missions, and next-generation missile systems. As a trusted partner of governments, particularly the U.S. Department of Defense, Lockheed Martin remains at the forefront of defense technology, providing solutions that ensure national security.
CEO and Founder of Lockheed Martin
Lockheed Martin, as it exists today, was created through a merger between Lockheed Corporation, founded by Allan Lockheed in 1912, and Martin Marietta, founded by Glenn L. Martin in 1917. These two companies were pioneers in the aviation and aerospace industry, laying the foundation for one of the world’s most significant defense contractors. The current CEO of Lockheed Martin is James D. Taiclet, who took over leadership in 2020. Taiclet’s extensive background in both the defense and telecommunications industries has been instrumental in driving Lockheed Martin’s growth, particularly in integrating cutting-edge technology and expanding its global footprint.
List of Top Companies Under Lockheed Martin
Lockheed Martin has acquired or operates several subsidiaries and divisions that contribute to its dominance in the aerospace and defense sectors. Below is a list of the top companies under the Lockheed Martin umbrella, along with their estimated valuations.
| Company Name | Year Acquired/Founded | Valuation | Industry |
|---|---|---|---|
| Lockheed Martin Aeronautics | 1995 (Merger) | $30 Billion | Aircraft and Defense Systems |
| Lockheed Martin Space | 1956 (Founded) | $10 Billion | Space Exploration and Satellites |
| Sikorsky Aircraft | 2015 (Acquired) | $9 Billion | Helicopters and Defense Aircraft |
| Missiles and Fire Control (MFC) | 1995 (Founded) | $7 Billion | Missile Defense Systems |
| Rotary and Mission Systems (RMS) | 1995 (Founded) | $6 Billion | Radar, Combat Systems |
| Sandia National Laboratories | Managed by Lockheed Martin | $4 Billion | Research and Development |
| Lockheed Martin Ventures | 2007 (Founded) | $500 Million | Investment in Emerging Tech |
| Aculight Corporation | 2008 (Acquired) | $200 Million | Laser Systems and Technology |
FAQs About Lockheed Martin
Q1: When was Lockheed Martin founded, and by whom?
A: Lockheed Martin was established in 1995 through the merger of Lockheed Corporation (founded by Allan Lockheed in 1912) and Martin Marietta (founded by Glenn L. Martin in 1917).
Q2: Who is the current CEO of Lockheed Martin?
A: The current CEO of Lockheed Martin is James D. Taiclet, who assumed the position in 2020.
Q3: What are Lockheed Martin’s most notable products?
A: Lockheed Martin is known for the F-35 fighter jet, Sikorsky helicopters, missile defense systems, radar technologies, and space exploration systems.
Q4: What is Lockheed Martin's involvement in space exploration?
A: Lockheed Martin Space, one of the company’s major divisions, is involved in space exploration missions, satellite systems, and defense in the space domain.
Q5: Does Lockheed Martin invest in emerging technologies?
A: Yes, through Lockheed Martin Ventures, the company invests in cutting-edge technologies such as artificial intelligence, quantum computing, and cybersecurity.
Q6: What is Lockheed Martin’s annual revenue?
A: As of 2023, Lockheed Martin's annual revenue was approximately $67 billion.
