Lockheed Martin Case Study Essay

1671 Words7 Pages
Lockheed Martin History Lockheed Martin Corporation was founded when in March of 1995 two of the world’s largest technology and defense contractors unite. This being called the “merger of equals”, become the largest aerospace, defense and technology companies. Lockheed Martin is responsible for many of today’s well-known accomplishments. This included the SR-71 Blackbird, the F-117 nighthawk and the Manned Maneuvering Unit (MMU). Today, Lockheed Martin continues to be one of the largest government defense contractors. (Corporation, Lockheed Martin, 2010)
Mission Statement

“Powered by Innovation, Guided by Integrity, We Help Our Customers Achieve Their Most Challenging Goals”, is the companies vision statement. (Corporation,
…show more content…
government.(Felsinger, 2008)

The Lockheed Martin Spaces Systems division is currently focused in the retirement of the shuttle fleet in 2010. This presents an opportunity for Lockheed to be one of the first innovators in new technology to replace this far aged asset. As the U.S. government retires their fleet Lockheed will be looking for ways to gain the upper hand by developing new spacecrafts for the U.S. or allied countries wishing to expand their space programs.

As the government is analyzing the war efforts and highlighted costs, Lockheed Martin has had to begin marketing to a much larger customer base. This means new business is looking to be found. This includes the development of a missile interceptor for the Japanese government. With the recent threats by the North Koreans, the Japanese have had to ensure that they would be adequately prepared for if and when they decide to launch. This has led to a new development for a short-range interceptor missile based off a proven and tested platform, the PAC3 battery. (Corporation, Lockheed Martin, 2010)

In recent years much of Lockheed Martin’s success has been scrutinized by many in the U.S. government’s left-sided way of thinking. Given the new government standings much of the business from which Lockheed Martin was built on. Has seemed to be on the back seat. As new ideas and redirection of government funds are focused on saving
Open Document