Review Article Open Access

Lockheed Martin-A Short Review

Relly Victoria Petrescu1, Raffaella Aversa2, Bilal Akash3, Ronald Bucinell4, Juan Corchado5, Antonio Apicella2 and Florian Ion Tiberiu Petrescu6
  • 1 Bucharest Polytechnic University, Bucharest, Romania
  • 2 Second University of Naples, Italy
  • 3 American University of Ras Al Khaimah, United Arab Emirates
  • 4 Union College, United States
  • 5 University of Salamanca, Spain
  • 6 Bucharest Polytechnic University, Romania

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.

Journal of Aircraft and Spacecraft Technology
Volume 1 No. 1, 2017, 50-68

DOI: https://doi.org/10.3844/jastsp.2017.50.68

Submitted On: 20 April 2017 Published On: 30 May 2017

How to Cite: Petrescu, R. V., Aversa, R., Akash, B., Bucinell, R., Corchado, J., Apicella, A. & Petrescu, F. I. T. (2017). Lockheed Martin-A Short Review. Journal of Aircraft and Spacecraft Technology, 1(1), 50-68. https://doi.org/10.3844/jastsp.2017.50.68

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Keywords

  • Lockheed Martin
  • Aerospace
  • Spacecraft Propulsion
  • Chemical Rockets
  • Jet Engines
  • Satellites
  • Electric Propulsion