Lockheed Martin

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Lockheed Martin aerospace technology advances Name Institution Abstract Lockheed Martin is a public-traded American company dealing with aviation, security, and advanced technology. It is headquartered in Washington D.C around Maryland area. It is one of the largest military contractors in the world having over 97,000 employees all over the world. It has some subsidiaries, for instance, Lockheed Martin Aerospace systems Integration Corporation, hellfire Systems, Lockheed Martin Canada Inc., Lockheed Martin Engine Investments LLC, Lockheed Martin UK Limited and others (Felder, 2018). As of 2016, it had total revenue of forty-seven billion dollars a major success compared to the past years. There are military aircrafts developed by this company that has been commissioned by the US Airforce, US Marine Corps and US Coastguard (Felder, 2018). They include C-130J Super Hercules, F-16 Fighting Falcon, F-22 Raptor, F-35 Lightning, h-60 Black Hawk and S-92 helicopter. In recent years, Lockheed Martin has largely secured military contracts from many countries due to their advanced fighter jet technology. These deals have made it be a global competitor with companies like Boeing Corporation and many others. Lockheed has five major divisions in its operation; information systems, aeronautics, space systems, missiles control, rotary and mission systems. Lockheed Martin’s aerospace technology advances Introduction Lockheed Martin is a merger of Martin Marietta and Lockheed Corporation. Despite the success this ventures, the now known Lockheed Martin would not have been what we have today owing to the challenges experienced during the formation time. The talks for

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