Lockheed Martin Corporation is a global security company engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. It also provides a range of management, engineering, technical, scientific, logistic, and information services.
Lockheed Martin is one of the largest companies in the aerospace, defense, security, and technologies industry. It is the world's largest defense contractor based on revenue for fiscal year 2014.
Lockheed Martin was formed in 1995 from the merger of Lockheed Corporation and Martin Marietta. The company is headquartered in Bethesda, Maryland, in the Washington, DC, area. It employs approximately 100,000 people worldwide.
Lockheed Martin operates in four business segments: Aeronautics, Electronic Systems, Information Systems & Global Services, and Space Systems.
Lockheed Martin received $36 billion in government contracts in 2008 alone, more than any company in history. It does work for more than two dozen government agencies from the Department of Defense and the Department of Energy to the Department of Agriculture and the Environmental Protection Agency. It's involved in surveillance and information processing for the CIA, the FBI, the Internal Revenue Service (IRS), the National Security Agency (NSA), The Pentagon, the Census Bureau and the Postal Service.
Lockheed Martin has made numerous acquisitions over the years. The most significant once are- On April 22, 1996, Lockheed Martin completed the acquisition of Loral Corporation's defense electronics and system integration businesses for $9.1 billion. And in Nov 2015, it has bought Sikorsky Aircraft from United Technologies Corporation at a cost of $9 billion.
Lockheed Martin ranked #59 on the 2017 Fortune 500 list.