Lockheed Martin Case Study

Lockheed Martin History Lockheed Martin Corporation was founded when in March of 1995 two of the world’s largest technology and defense contractors unite. This being called the “merger of equals”, become the largest aerospace, defense and technology companies. Lockheed Martin is responsible for many of today’s well-known accomplishments. This included the SR-71 Blackbird, the F-117 nighthawk and the Manned Maneuvering Unit (MMU). Today, Lockheed Martin continues to be one of the largest government defense contractors. (Corporation, Lockheed Martin, 2010)
Mission Statement

“Powered by Innovation, Guided by Integrity, We Help Our Customers Achieve Their Most Challenging Goals”, is the companies vision statement. (Corporation, Lockheed Martin, 2010)
Organizational Strengths

As part of this SWOT analysis, we begin by highlighting some of Lockheed Martin’s strengths and weaknesses. We begin with the first strength, the company’s solid reputation. Over the years Lockheed Martin has demonstrated the ability to maintain a certain level of technology that has amazed and protected many of these countries military forces.(Corporation, Lockheed Martin, 2010) This has led to a solid reputation for which Lockheed Martin is known. Providing a quality product when it’s necessary. This strength can be classified as a distinctive given the type and level of product produced.

Second, Lockheed Martin has the ability to be an international business. In the past most defense and aerospace companies have been limited to the American business units. This is all currently changing, by establishing other business opportunities with other US allies. This includes, a complete free operating UK operations and many other oversees support. This strength though not distinctive to other companies has deemed very strong over competing companies as BAE Systems and Boeing Corporation.

Third, the technology, Lockheed Martin has been the leader of its time. Some of

References: Butler, A. (2007, October 15). Aviation Week. Retrieved January 22, 2010, from Aerospace Daily & Defense Report: http://abcnews.go.com/Technology/story?id=3732391&page=1 Ciarrocca, M. (2002, September). Post-9/11 Economic Windfalls for Arms Manufacturers. Foreign Policy in Focus , 2. Corporation, Lockheed Martin. (2010 йил 01-01). Lockheed Martin History. Retrieved 2010 йил 15-01 from Lockheed Matin Corporation: http://www.lockheedmartin.com/aboutus/history/index.html Defense Industry. (2009 йил 21-05). AGM-158 JASSM Faces Cancellation - Again. Retrieved 2010 йил 15-01 from Defense Insudtry Daily: http://www.defenseindustrydaily.com/2009-AGM-158-JASSM-Faces-Cancellation-Again-05441/ Felsinger, A. (2008, October 9). Lockheed Martin to Develop Ocean Thermal Energy Prototype. Retrieved January 22, 2010, from Clean Technica : http://cleantechnica.com/2008/10/09/lockheed-martin-to-develop-ocean-thermal-energy-prototype/ Karp, A. P. (2006 йил 07-01). US: Boeing-Lockheed Granted Monopoly. Retrieved 2010 йил 15-01 from Corp Watch: http://www.corpwatch.org/article.php?id=13049 Kulycky, M. (2004 йил 12-01). Boeing, Lockheed in an aerospace dogfight. Retrieved 2010 йил 15-01 from MSNBC: http://www.msnbc.msn.com/id/3939579/ns/business-cnbc_tv/ Lockheed Martin Corporation. (2010 йил 01-01). Skunk Works. Retrieved 2010 йил 15-01 from Lockheed Martin Corporation: http://www.skunkworks.com/ Merle, R. (2005, October 7). Lockheed To Cut Employee Benefits. Retrieved January 22, 2010, from The Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2005/10/06/AR2005100601997.html Miles, D. (2009, February 24). New Presidential Helicopter Faces Scrutiny. Retrieved January 23, 2010, from United States Department of Defense: http://www.defense.gov/news/newsarticle.aspx?id=53215