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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.
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.
A defense contractor is a business organization or individual that provides products or services to a military or intelligence department of a government.Products typically include military or civilian aircraft, ships, vehicles, weaponry, and electronic systems, while services can include logistics, technical support and training, communications support, and engineering support in cooperation ...
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.
The Lockheed Propulsion Company was a division of the Lockheed Aircraft Corporation located at 1500 Crafton Avenue in the Mentone, California area northeast of Redlands, California, adjacent to the Santa Ana River, from 1961 to 1975.
Founded as Science Applications International Corporation (SAIC),[6] Leidos merged with Lockheed Martin's IT sector, Information Systems & Global Solutions (Lockheed Martin IS&GS), in August 2016 to create the defense industry’s largest IT services provider. The Leidos-Lockheed Martin merger is one of the biggest transactions thus far in the ...