Lockheed Martin Corp. (LMT)

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.

Key Executives:

NameTitlePayExercisedYear Born
Mr. James D. Taiclet Jr.Chairman, President & CEO11.4MN/A1961
Mr. Jesus Malave Jr.Chief Financial Officer3.41MN/A1969
Mr. Frank A. St. JohnChief Operating Officer4.71MN/A1967
Ms. Maryanne R. LavanSenior VP, General Counsel & Corporate Secretary3.21MN/A1959
Mr. Gregory M. UlmerExecutive Vice President of Aeronautics2.98MN/A1965
Mr. H. Edward Paul IIIChief Accounting Officer, VP & ControllerN/AN/A1976
Mr. Rodney A. MakoskeChief Engineer and Senior VP of Engineering & TechnologyN/AN/AN/A
Ms. Yvonne O. HodgeSenior VP of Enterprise Business & Digital Transformation and CION/AN/AN/A
Ms. Maria Ricciardone LeeVice President of Investor RelationsN/AN/A1976
Mr. Dean AcostaSenior VP & Chief Communications OfficerN/AN/AN/A

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