n advanced ground-based radar system for the U.S. Air Force designed to enhance the way objects are tracked in space and increase the ability to prevent space-based collisions. Space Systems This segment’s customers include various government agencies of the U.S. and commercial customers. This segment is engaged in the research and development, design, engineering and production of satellites, strategic and defensive missile systems and space transportation systems. This segment is also responsible for various classified systems and services in support of vital national security systems. This segment’s major programs include the following: The Space Based Infrared System (SBIRS), which provides the U.S. Air Force with enhanced worldwide missile launch detection and tracking capabilities. The Advanced Extremely High Frequency (AEHF) system, the next generation of highly secure communications satellites for the U.S. Air Force. Global Positioning System (GPS) III, a program to modernize the GPS satellite system for the U.S. Air Force. The Geostationary Operational Environmental Satellite R-Series (GOES-R), which is the National Oceanic and Atmospheric Association’s next generation of meteorological satellites. The Mobile User Objective System (MUOS), a next-generation narrow-band satellite communication system for the U.S. Navy. The Trident II D5 Fleet Ballistic Missile, a program with the U.S. Navy for the submarine-launched intercontinental ballistic missile that is in production in the U.S. The Orion Multi-Purpose Crew Vehicle (Orion), a spacecraft for the National Aeronautics and Space Administration (NASA) utilizing new technology for human exploration missions beyond low earth orbit. Strategy A significant component of the company’s strategy is to focus on program execution, improving the quality and predictability of the delivery of its products and services, and placing security capability quickly into the hands of its U.S. and international customers at affordable prices. Regulations The company contracts with various U.S. Government agencies and entities, including all branches of the U.S. military, the departments of Defense, Homeland Security, Justice, Commerce, Health and Human Services, Transportation and Energy, the U.S. Postal Service, the Social Security Administration, the Federal Aviation Administration, NASA, the U.S. Environmental Protection Agency and Veterans Affairs. Research and Development Independent research and development costs charged to cost of sales were $751 million in 2014. Customers In 2014, 79% of its net sales were from the U.S. Government, either as a prime contractor or as a subcontractor. History Lockheed Martin Corporation was founded in 1909.
lockheed martin corp (LMT:New York)
6801 Rockledge Drive
Bethesda, MD 20817
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