Lockheed Martin is an American global aerospace, defense, security and advanced technologies company with worldwide interests. In March 1995 the company was formed by the merger of Lockheed Corporation with Martin Marietta and is headquartered in Bethesda, Maryland, (Washington DC area). Lockheed Martin employs 126,000 people worldwide.
Lockheed Martin is one of the largest companies in the aerospace, defense, security, and technologies industry; it is the world's largest defense contractor based on revenue for fiscal year 2014. In 2013, 78% of Lockheed Martin's revenues came from military sales; it topped the list of US federal government contractors and received nearly 10% of the funds paid out by the Pentagon. In 2009 US government contracts accounted for 38.4 billion USD (85%), foreign government contracts 5.8 billion USD (13%), and commercial and other contracts for 900 million USD (2%).
Lockheed Martin operates in five business segments: Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Mission Systems and Training, and Space Systems. The company received the Collier Trophy six times, including in 2001 for being part of developing the X-35/F-35B LiftFan Propulsion System and most recently in 2006 for leading the team that developed the F-22 Raptor fighter jet. Lockheed Martin is currently developing the F-35 Lightning II and leads the international supply chain, leads the team for the development and implementation of technology solutions for the new USAF Space Fence (AFSSS replacement), and is the primary contractor for the development of the Orion Spacecraft command module. The company also invests in healthcare systems, renewable energy systems and intelligent energy distribution and compact nuclear fusion.
Lockheed Martin Space Systems Company is one of the four major business divisions of Lockheed Martin. It has its headquarters in Denver, Colorado with additional sites in Sunnyvale, California; Santa Cruz, California; Huntsville, Alabama; and elsewhere in the US and UK. The division currently employs about 16,000 people, and its most notable products are commercial and military satellites, space probes, missile defense systems, NASA's Orion Multi-Purpose Crew Vehicle, and the Space Shuttle External Tank.
History & merges of Lockheed Martin Space Systems
RCA Astro Electronics, a division of RCA was formed in the late 1950’s and went on to become one of the leading manufacturers of satellites and related systems. RCA Astro Electronics was based in East Windsor, New Jersey. When General Electric purchased RCA in 1986 Astro Electronics was renamed GE Astro Space. This was sold to Martin Marietta in 1993 and became part of Lockheed Martin in 1995 following that company's merger with the Lockheed Corporation.
Merger talks between Lockheed Corporation and Martin Marietta began in March 1994, with the companies announcing their 10 billion USD planned merger on August 30th, 1994. The deal was finalized on March 15th, 1995, when the two companies' shareholders approved the merger. The segments of the two companies not retained by the new company formed the basis for the present L-3 Communications, a mid-size defense contractor in its own right.
In 1995, Lockheed Martin announced the closure of the New Jersey facility and the relocation of operations to Sunnyvale, California. The New Jersey facility finished the orders it had and closed in 1998. Commercial space operations have recently moved back to a new facility in Newtown, PA, but final integration and testing of commercial satellites is still performed in Sunnyvale. Lockheed Martin Space Systems is now headquartered in Denver, but still does considerable operations from Sunnyvale. Also located near Sunnyvale are the Space Technology Advanced Research and Development Laboratories (STAR Laboratories), which is located in Palo Alto. This was formerly called the Advanced Technology Center (ATC) and the Lockheed Palo Alto Research Laboratory (LPARL).
On August 31st, 2006, NASA selected Lockheed Martin Corp., based in Bethesda, Md., as the prime contractor to design, develop, and build Orion, America's spacecraft for a new generation of explorers. As of May 21st, 2011, the name was changed to the Orion Multi-Purpose Crew Vehicle (MPCV), being developed for crewed missions to an asteroid and then to Mars. The capsule is also planned as a backup vehicle for cargo and crewed missions to the International Space Station and will be launched by the Space Launch System.
In November 2010 NASA selected Lockheed Martin Space Systems for consideration for potential contract awards for heavy lift launch vehicle system concepts, and propulsion technologies.
In June 2014, the company was contracted by the United States Air Force on a fixed-price basis to build the fifth and sixth Geosynchronous Earth Orbit (GEO) satellites, known as GEO-5 and GEO-6, for the Space Based Infrared System at a cost of 1.9 billion USD.
In June 2015, Lockheed Martin announced plans to expand its workforce at Cape Canaveral, Florida in order to support the U.S. Navy’s Trident II D5 Fleet Ballistic Missile program.
Lockheed Martin major competitors are Boeing Commercial Satellite Systems (BCSS), Space Systems/Loral (MDA), Thales Alenia Space, Airbus Defense & Space and JSC Information Satellite Systems. As of September 2015, there are xx Lockheed Martin-built GEO satellites currently in orbit.
United Launch Alliance, Joint Venture with Boeing
On May 2nd, 2005, Lockheed Martin Corporation and The Boeing Company announced their intention to form a joint venture called the United Launch Alliance (ULA), combining the production, engineering, test and launch operations associated with US government launches of Lockheed Martin Atlas and Boeing Delta rockets, providing world-class space launch services for the US government at lower cost.
United Space Alliance, Joint Venture with Boeing
United Space Alliance (USA), headquartered in Houston, Texas, is a spaceflight operations company and is a joint venture equally owned by Lockheed Martin and Boeing in response to NASA's wish to consolidate many Space Shuttle programs to one prime contractor. USA and NASA signed the Space Flight Operations Contract in September 1996 to become the single prime contractor that NASA was seeking.
USA was established in August 1995 as a Limited Liability Company (LLC). In 2008 USA employed approximately 8,800 people in Texas, Florida, Alabama, and the Washington, D.C. area.
As of September 30th, 2014, USA no longer holds active contracts and will not pursue future contracts. However, USA will continue to operate in an administrative business capacity to manage government contract close-out requirements.