Lockheed Martin - A Short Review

Journal of Aircraft and Spacecraft Technology 2017, 1(1)

19 Pages Posted: 10 Jun 2019 Last revised: 2 Jul 2019

See all articles by Relly Victoria Petrescu

Relly Victoria Petrescu

Polytechnic University of Bucharest - ARoTMM-IFToMM

Raffaella Aversa

Advanced Material Lab - Department of Architecture and Industrial Design

B. Akash

American University of Ras Al Khaimah

Ronald Bucinell

Union College

Juan Corchado

University of Salamanca

Antonio Apicella

Advanced Material Lab - Department of Architecture and Industrial Design

Florian Ion Petrescu

Polytechnic University of Bucharest - ARoTMM-IFToMM

Date Written: November 19, 2017

Abstract

Lockheed Martin is a company aerospace global American, defense, security and advanced technologies with interests in the world. Has been formed by the merger of Lockheed with Martin Marietta in March 1995. Has its head office in Bethesda, Maryland, in the area of Washington DC. Lockheed Martin has 126,000 employees in the entire world. Marillyn Hewson is the current President and Chief Executive Officer. Lockheed Martin is one of the biggest companies in the aerospace and defense and technologies. Is the largest contractor for the defense of the world based on revenue for the fiscal year 2014. In 2013, 78% of the revenue to Lockheed Martin has come from military sales; this was the main list of contractors with the federal government and the American has received almost 10% of the funds paid by the Pentagon. In 2009, the contracts of the American government were represented by 38.4 billion dollars (85%), the contracts of foreign governmental with 5.8 billion dollars (13%) and the trade contracts and other contracts for 900 million dollars (2%). Lockheed Martin operates in five segments of activity: Aeronautics, information systems and global solutions, missiles and control systems of the fire, rotating systems and the mission and space-based systems. The company received six times Collier County Trophy, including in 2001 in order to be part of the development of the propulsion system X-35/F-35B LiftFan and most recently in 2006 to lead the team that has developed the plane to fight F-22 Raptor. Lockheed Martin is currently developing F-35 Lightning II and lead the international chain of supply, leads the team for the development and implementation of technology solutions for the new SpaceFence (replacement AFSSS USAF) and is the main contractor for the development of the control module (Orion spaceship). The company invests also in the systems of health systems, renewable energy, intelligent distribution of energy and nuclear fusion compact.

Note: © 2017 Relly Victoria Petrescu, Raffaella Aversa, Bilal Akash, Ronald Bucinell, Juan Corchado, Filippo Berto, Antonio Apicella and Florian Ion Tiberiu Petrescu. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Suggested Citation

Petrescu, Relly Victoria and Aversa, Raffaella and Akash, B. and Bucinell, Ronald and Corchado, Juan and Apicella, Antonio and Petrescu, Florian Ion, Lockheed Martin - A Short Review (November 19, 2017). Journal of Aircraft and Spacecraft Technology 2017, 1(1). Available at SSRN: https://ssrn.com/abstract=3073975

Relly Victoria Petrescu

Polytechnic University of Bucharest - ARoTMM-IFToMM ( email )

Romania

Raffaella Aversa

Advanced Material Lab - Department of Architecture and Industrial Design ( email )

81031 Aversa (CE)
Italy

B. Akash

American University of Ras Al Khaimah ( email )

American University of Ras Al Khaimah
School of Graduate Studies and Research
Ras Al Khaimah, RAK 10021
United Arab Emirates

HOME PAGE: http://www.aurak.ac.ae

Ronald Bucinell

Union College ( email )

Schenectady, NY 12308-3151
United States

Juan Corchado

University of Salamanca ( email )

Campus Miguel de Unamuno
ES-37007 Salamanca, Salamanca 23007
Spain

Antonio Apicella

Advanced Material Lab - Department of Architecture and Industrial Design ( email )

81031 Aversa (CE)
Italy

Florian Ion Petrescu (Contact Author)

Polytechnic University of Bucharest - ARoTMM-IFToMM ( email )

Romania

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