Lockheed Martin Case Study

The Fortune 500 Company chosen for this paper is the Lockheed Martin Corporation. Lockheed Martin is a global securities and information technology company headquartered in Bethesda, MD. Lockheed Martin employs roughly 126,000 people in several facilities throughout the world. The company's main business is in research, design, development, manufacturing, integration and sustainment of advanced technology systems, products and services. Lockheed consists of four operating units, or business areas, which consist of Aeronautics, Electronic Systems, Information Systems and Global Solutions, and Space Systems (LMC, 2011).

Lockheed Martin Corporation is principally engaged in researches, designs, develops, manufactures, integrates, operates and sustains advanced technology systems and products, and provides a broad range of management, engineering, technical, scientific, and logistic and information services. The company serves both domestic and international customers with products and services that have defense, civil and commercial

Market Leading Position. Lockheed Martin is the world’s leader in combat and logistical aircraft, anti-missile systems, maritime surveillance and recon systems, space systems, and unmanned aircraft. In conjunction with providing systems they are also the largest supplier of IT services, system integration, and training to the United States Government. They have

The main focus on the Northrop Grumman Corporation?s functional-level strategies is concerned with their actions, the way to approach them and employ the practices to manage them for the overall business strategy (Thompson, 2016-2017). These types of strategies include functions such as production, product development, sales and marketing, customer service and finance

In order to stay informed of changes in their industry Lockheed Martin studies all external factors that may affect its company’s long term strategic growth and development. Continual changes in the economic, political, industry competition and legal / ecological environments pose complex challenges to Lockheed Martin’s business strategies. Economic Environment The Lockheed Martin Corporation is the world's largest defense contractor with recorded revenue over 45 billion in 2013. It saw an operating profit of 4.5 billion largely from US government contracts.

In order to advance diversity efforts, Northrop Grumman supports a dozen Employee Resource Groups with more than 19,000 employees involved. The groups span a very diverse set of subcultures, including African Americans, Latin Americans, Native Americans, the LGBT community, women, parents, veterans and the disabled. The Employee Resource Groups have defined goals of providing networking, as well as volunteering, opportunities. In fact, anyone can participate in any of the groups if they contribute by volunteering. They are also a resource for mentoring programs and professional development.

1. How would you describe Boeing’s approach to project management? What are its strengths and weaknesses?

The United States Government’s creation of the Internet in response to the launch of Soviet Union’s satellite was initially intended to assist the United States Military by providing an effective communication network for the different military branches. Having an effective communication network allowed the United States military to gain a competitive advantage for national defense during any future war. By allowing the military branches to effectively communicate over one network; air, sea and land forces were able to organize resources for a successful battle. Several years of innovation and improvements to the Internet have connected millions of computers across the globe. People are able to send and receive important information via

Today, the Lockheed Martin Corporation is headquartered in Bethesda, Maryland and employs 126,000 people worldwide. The company is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems. Lockheed also serves both domestic and international customers with products and services that have defense, civil, and commercial applications, with their principal customers being agencies of the U.S. Government. In 2011, 84% of their $45.8 billion in net sales were made to the U.S. Government, either as a prime contractor or as a subcontractor. Lockheed’s U.S. Government sales were made to both Department of Defense (DoD) and non-DoD agencies. Sales to foreign governments (including foreign military sales funded, in whole or in part, by the U.S. Government) amounted to 15% of net sales in 2011. The remainder of net sales was attributable to commercial and other customers. In 2011, net sales at Aeronautics of $13.2 billion represented 29% of their total net sales. Aeronautics has three principal lines of business and the percentage that each contributed to its 2011 net sales was 68 percent combat aircraft, 20 percent air mobility, and 12 percent in other aeronautics programs. At December 31, 2011, we operated in 545 locations (including offices, manufacturing plants, warehouses,

The following analysis identifies the major strategic issues of Airbus and its industry, provides alternatives and a recommendation of the most optimal solution, and details a plan of implementation for the company.

The area of team leadership attracts a lot of attention in the modern world because of the need to assemble and deploy diverse teams for the completion of projects. The future of many corporations relies more and more on the kind of team leadership they have for their projects. This paper explores a number of facets that constitute effective team leadership.

With any company, organization, or corporation the first phase of any management is planning. This phase is very important to any company because many different planning functions and each planning function create a standard for each of its employees to follow. This paper will discuss the planning functions of management while looking at the Boeing Company. While looking at the different planning functions, this paper will also discuss and identify legal, ethical, and social responsibilities that impact Boeing. It will also show some factors that influence Boeings strategic, tactical, operational, and contingency planning. Boeing can be considered the

Boeing is the world 's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. (Boeing, 2014). The revenue for Boeing Commercial Airplanes and Defense, Space and Security was a record $86.6 billion; in addition to the record backlog of orders totaling $441 billion. (Boeing, 2014). The Boeing Company realizes that being among other competitive manufacturers of jetliners, defense and security systems, it is important to focus on external as well as internal environmental factors that could increase the company efficiency, productivity and overall operational standards. The management of Boeing understands how essential the social and ethical responsibility and legal of their company. These variables can assist the company with analyzing the performance and available resources of

Lockheed Martin is a major security and aerospace company headquartered in Bethesda, Maryland. Employing over 97,000 employees worldwide, Lockheed Martin is principally focused on research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services (Lockheed Martin at a Glance, n.d.). Lockheed Martin is organized into broad business areas to include aeronautics ($17.8 billion in 2016 sales), missile and fire control (6.6 billion in 2016 sales), rotary and mission systems (13.5 billion in 2016 sales), and space systems (9.4 billion in 2016 sales) (Lockheed Martin at a Glance, n.d.). To better understand the global giant that is today’s Lockheed Martin, a historical look at the two companies that merged in 1995 and their respective accomplishments is essential.

The entrepreneurial sprit which began the foundations of Lockheed Martin remains alive within the company today. Although, the companies’ stricter guidelines do not allow an employee to simply begin an entrepreneurial venture on their own, the company has evolved from an airplane manufacturer to an organization that is involved in everything from defense to space exploration. This massive diversification of interests was brought about by intrapreneurial ventures. It was Lockheed Martin that coined the phrase “Skunkworks”, meaning specialized teams dedicated to discovering new projects. The origin story of “skunkworks” is well known and shows the tenacity and innovation that Lockheed Martin is capable of. In 1943, an engineer named Clarence “Kelly” Johnson and a group of young engineers were asked to design and build a jet fighter to help the US Army prepare for the growing German threat. The small group was isolated and the project was kept secret operating out of a circus tent because available and private space was scarce in the Lockheed Martin facility. The group was given one hundred and fifty days to complete the project, and they completed the jet in one hundred and forty-three (Miller, 1995). This spirt of innovation and growth marked the true beginning of the boom in product development which continues to this day under the same name, but this time trademarked.