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Lockheed Martin


Lockheed Martin is a publicly traded company having a good stock performance result. Lockheed Martin is a fortune 500 stock listed company trading under LMT. Lockheed Martin Corporation, an advanced technology company was formed in March 1995 with the merger of two of the world's premier technology companies, Lockheed Corporation and Martin Marietta Corporation.

Headquartered in Bethesda, Maryland, Lockheed Martin employs about 135,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services.

The Corporation reported 2005 sales of 37.2 billion dollars, a backlog of 74.8 billion dollars and free cash flow of 2.3 billion dollars. Significantly, they can report earnings per share of 4.10 dollars. In fact, their EPS has grown at a double digit rate over the past four years. They also generated 3.2 billion dollars in operating cash in 2005, providing this company with financial flexibility. Rounding out the picture, their balance sheet is healthy, demonstrated by a 39 percent debt-to-total capital ratio.

Lockheed Martin's operating units are organized into broad business areas. Aeronautics, with approximately 11.7 billion dollars in 2005 sales, includes tactical aircraft, airlift, and aeronautical research and development lines of business. Space Systems, with approximately 6.8 billion dollars in 2005 sales, includes space launch, commercial satellites, government satellites, and strategic missiles lines of business.

Systems & IT Group, with approximately 18.7 billion dollars in 2005 sales will leverage their existing and emerging capabilities to address customers' growing needs for highly integrated systems and solutions. This includes missiles and fire control, naval systems, platform integration, C4I, federal services, energy programs, government and commercial IT and aeronautical, aerospace services lines of business.

Their revised calculation of Return on Invested Capital , an important barometer of their financial performance and a key metric for evaluating executive incentive compensation, showed a 34 percent increase over 2004 to 14.5 percent in 2005. They continue to execute a balanced cash deployment strategy by which a majority of their free cash flow will be returned to stockholders in the form of share repurchases and dividends.

Lockheed Martin’s capabilities are aligned with the highest priorities of their customers in defense, homeland security and civil government agencies. As one company and one team, the 135,000 men and women of Lockheed Martin take pride in delivering the advanced technologies that protect liberty and promote progress for people worldwide.

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