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Reports from 2024 estimate that Lockheed Martin Corporation (LMT) holds a market cap of around $139.7 billion. [4] Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry. It was the world's largest defense contractor by revenue for fiscal year 2014. [5]
Boeing and Lockheed Martin also maintain extensive production facilities throughout the South Bay and Raytheon maintains a facility in El Segundo. The Los Angeles Air Force Base and neighboring Aerospace Corporation in El Segundo are a main focus of aerospace research activity and serve as the primary development facilities for military ...
Lockheed Missiles Division moved from Van Nuys, California, to the newly constructed facility in Palo Alto, California, in 1956, then to the larger facility in Sunnyvale in 1957. The Polaris missile was the first major new program for both locations, followed later by satellite programs, thus the name change to Lockheed Missiles and Space Division.
While the formation of Lockheed Martin in 1995 was a merger of equals, by far the greatest contribution to Lockheed Martin Aeronautics was the product portfolio of Lockheed. This included the C-5 , C-130 , and C-141 transports as well as the F-2 , F-16 (purchased from General Dynamics ), F-117 , F-22 , and F-35 Lightning II .
The Atlas V was developed by Lockheed Martin as part of the United States Air Force (USAF) Evolved Expendable Launch Vehicle (EELV) program. The Atlas V launches from Space Launch Complex-3E (SLC-3E). Lockheed Martin Commercial Launch Services markets the Atlas V to government and commercial customers worldwide. [16]
Skunk Works is an official pseudonym for Lockheed Martin's Advanced Development Programs (ADP), formerly called Lockheed Advanced Development Projects. It is responsible for a number of aircraft designs, highly classified research and development programs, and exotic aircraft platforms.
Lockheed Martin Transit Center (signed as simply Lockheed Martin station on many signs) is a light rail and transit bus station operated by Santa Clara Valley Transportation Authority (VTA), located in Sunnyvale, California. This station is served by the Orange Line of the VTA light rail system.
El Segundo (/ ˌ ɛ l s ə ˈ ɡ ʌ n d oʊ / EL sə-GUN-doh, Spanish: [el seˈɣundo]; Spanish for 'The Second') [7] is a city in Los Angeles County, California, United States.Located on Santa Monica Bay, it was incorporated on January 18, 1917, and is part of the South Bay Cities Council of Governments.