Industrial: Lockheed Martin

Ticker Symbol: LMT

Lockheed Martin Website

About the company

Headquartered in Bethesda, Maryland, Lockheed Martin (LMT) is a leading aerospace and defense contractor.

Lockheed specializes in fighter and transport aircraft, air traffic control systems, satellites, national missile defense systems, ballistic missiles, radar, and munitions.

Lockheed is also a big manufacturer for NASA, winning a $3.9 billion contract in 2006 to build the Orion CEV capsule for the Ares I rocket.

Lockheed Corporation and Martin Marietta merged in 1995, effectively forming Lockheed Martin as it is known today. Lockheed purchased Loral Corporation's defense electronics and system integration operations for $9.1 billion in April of 1996. A potential $8.3 billion merger with Northrop Grumman was abandoned in 1998.

Lockheed Martin Competitors:

• Tier 1 Competitors: The Boeing Company (BA), Northrop Grumman (NOC), General Dynamics (GD), BAE Systems (BAESY)
• Tier 2 Competitors: Alliant Techsystems (ATK), AAR Corp (AIR), AeroVironment (AVAV)

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