Lockheed Martin ("LockMart") is among the largest U.S. aerospace and military contractors, the result of a continuing series of consolidations of firms in these industries. It reported 2008 sales of $42.7 billion. The current company came from a merger of the Lockheed and Martin companies, which go back to the beginning of aviation; Martin was originally the Wright-Martin Company, with the Wright Brothers partnered with Glenn Martin.
Robert J. Stevens is chairman and CEO.
Its major divisions are:
- Aeronautics, headed by Ralph Heath, "with approximately $11.5 billion in 2008 sales, includes tactical aircraft, airlift, and aeronautical research and development lines of business." The Lockheed predecessor had historically been a manufacturer of airliners as well as military aircraft, but, while there are significant commercial sales of the C-130 Hercules, it no longer competes in commercial passenger aviation.
- Electronic Systems, under Christopher Kubasik, "with approximately $11.6 billion in 2008 sales, includes missiles and fire control, naval systems, platform integration, simulation and training and energy programs lines of business." The naval systems include full-fledged warships such as the Littoral Combat Ship.
- Information Systems & Global Services (IS&GS), reporting to Linda Gooden, with approximately $11.6 billion in 2008 sales, includes C4I, federal services, government and commercial IT solutions.
- Space Systems, headed by Joanne Maguire, with approximately $8 billion in 2008 sales, includes space launch, commercial satellites, government satellites, and strategic missiles lines of business.
The corporation's headquarters is located in Bethesda, Maryland.