About Lockheed Martin Corporation (LMT)

Company Description:

Lockheed Martin Corporation is a global aerospace, defense, arms, security, and advanced technologies company. It primarily operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

Lockheed Martin was formed in March 1995 through the merger of Lockheed Corporation with Martin Marietta. The company is headquartered in Bethesda, Maryland, United States.

Main Product(s):

Lockheed Martin is known for its design, manufacture, and sustainment of advanced technology systems, products, and services. This includes a wide range of fighter aircraft, transport aircraft, missile systems, naval systems, space systems, and cyber security solutions.

Short History of Lockheed Martin Corporation:

• March 1995 – Lockheed Corporation and Martin Marietta merged, forming Lockheed Martin.
• 1996 – Lockheed Martin acquired Loral Corporation's defense electronics and system integration businesses.
• 2000 – The company divested its Aerospace Electronic Systems business.
• 2015 – Lockheed Martin announced the purchase of Sikorsky Aircraft.
• 2020 – Lockheed Martin continued to expand its space operations, with significant developments in satellite technology and space exploration systems.