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Lockheed Martin received $36 billion in government contracts in 2008 alone; more than any company in history. It does work for more than two dozen government agencies from the Department of Defense and the Department of Energy to the Department of Agriculture and the Environmental Protection Agency .
The Lockheed Corporation was an American aerospace manufacturer.Lockheed was founded in 1926 and merged in 1995 with Martin Marietta to form Lockheed Martin.Its founder, Allan Lockheed, had earlier founded the similarly named but otherwise-unrelated Loughead Aircraft Manufacturing Company, which was operational from 1912 to 1920.
The Dow Jones Industrial Average, an American stock index composed of 30 large companies, has changed its components 59 times since its inception, on May 26, 1896. [1] As this is a historical listing, the names here are the full legal name of the corporation on that date, with abbreviations and punctuation according to the corporation's own usage.
Lockheed Martin Stock Chart by YCharts. Foolish bottom line To recap, here are Lockheed Martin's numbers, as well as a bonus look at a few other companies in its industry.
Lockheed Corporation (1912–1995) — the former aircraft company was based in Burbank, in the eastern San Fernando Valley, California. Its 1995 merger with Martin Marietta formed the successor Lockheed Martin company.
Lockheed Martin's 12.5% operating margin came in about 60 basis points ahead of expectations, and free cash flow of $2.1 billion was well ahead of Wall Street's $1.3 billion forecast.
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In June 2003, Lockheed Martin sued Boeing, alleging that the company had resorted to industrial espionage in 1998 to win the Evolved Expendable Launch Vehicle (EELV) competition. Lockheed Martin claimed that the former employee Kenneth Branch, who went to work for McDonnell Douglas and Boeing, passed nearly 30,000 pages of proprietary documents ...