Swot Analysis of Lockheed Martin
Lockheed Martin Corp.
Lockheed Martin Corporation is an advanced technology firm that is on the cutting edge of research in aeronautics, space, systems and IT technologies. The product of a 1995 merger between Lockheed Corporation and Martin Marietta Corporation, 80% of Lockheed Martin’s market is the U.S. Government through the Department of Defense and intelligence, civilian and Homeland Security organizations. With 2010 sales of $45.8 billion and a $78.2 billion backlog, Lockheed Martin ranked 54th on the Fortune 500 list.
Customer Base: As a global security and information technology company, the majority of Lockheed Martin's business is with the U.S. Department of Defense and the U.S. federal government agencies. In fact, Lockheed Martin is the largest provider of IT services, systems integration, and training to the U.S. Government. The remaining portion of Lockheed Martin's business is comprised of international government and some commercial sales of our products, services and platforms.
Organization: Lockheed Martin's operating units are organized into broad business areas.
Aeronautics, with approximately $13.3 billion in 2010 sales, includes tactical aircraft, airlift, and aeronautical research and development lines of business.
Electronic Systems, with approximately $14.3 billion in 2010 sales, includes missiles and fire control, naval systems, platform integration, simulation and training and energy programs lines of business.
Information Systems & Global Solutions (IS&GS), with approximately $9.9 billion in 2010 sales, includes C4I, federal services, government and commercial IT solutions.
Space Systems, with approximately $8.2 billion in 2010 sales, includes space launch, commercial satellites, government satellites, and strategic missiles lines of business.
Strengths & Weaknesses
A. Lockheed Martin has a very strong relationship with the U.S. defense agencies. As the largest government contractor, it has produced military mainstays like
Lockheed Martin Corporation is an advanced technology firm that is on the cutting edge of research in aeronautics, space, systems and IT technologies. The product of a 1995 merger between Lockheed Corporation and Martin Marietta Corporation, 80% of Lockheed Martin’s market is the U.S. Government through the Department of Defense and intelligence, civilian and Homeland Security organizations. With 2010 sales of $45.8 billion and a $78.2 billion backlog, Lockheed Martin ranked 54th on the Fortune 500 list.
Customer Base: As a global security and information technology company, the majority of Lockheed Martin's business is with the U.S. Department of Defense and the U.S. federal government agencies. In fact, Lockheed Martin is the largest provider of IT services, systems integration, and training to the U.S. Government. The remaining portion of Lockheed Martin's business is comprised of international government and some commercial sales of our products, services and platforms.
Organization: Lockheed Martin's operating units are organized into broad business areas.
Aeronautics, with approximately $13.3 billion in 2010 sales, includes tactical aircraft, airlift, and aeronautical research and development lines of business.
Electronic Systems, with approximately $14.3 billion in 2010 sales, includes missiles and fire control, naval systems, platform integration, simulation and training and energy programs lines of business.
Information Systems & Global Solutions (IS&GS), with approximately $9.9 billion in 2010 sales, includes C4I, federal services, government and commercial IT solutions.
Space Systems, with approximately $8.2 billion in 2010 sales, includes space launch, commercial satellites, government satellites, and strategic missiles lines of business.
Strengths & Weaknesses
A. Lockheed Martin has a very strong relationship with the U.S. defense agencies. As the largest government contractor, it has produced military mainstays like
References: & Research Material Company Site: http://www.lockheedmartin.com/aboutus/index.html 2010 Annual Report: http://www.lockheedmartin.com/data/assets/corporate/documents/ir/2011/2010-LM-annual-report.pdf Computer Business Review: http://www.cbronline.com/news/lockheed_martins_northrop_merger_plan_falls_through TransWorldNews: http://www.transworldnews.com/872618/c1/lockheed-martin-corporation-lmt-financial-and-strategic-swot-analysis-review-new-company-profile Market Research: http://www.marketresearch.com/Datamonitor-v72/Lockheed-Martin-Corporation-SWOT-2821333/