Business Analysis of Lockheed Martin Company Essay

IntroductionLockheed Martin is an American defense contractor with worldwide interests and engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services (Lockheed Martin, 2015b). The company is one of the largest defense contractors in the world, employing 116,000 people worldwide and has become synonymous with the military. This paper will discuss Lockheed Martin as a company, explore the industry they operate in, analyze the environmental factors that affect the industry and company, and perform an internal analysis on the company, including an in depth exploration of financial ratios, strengths, and weaknesses.Lockheed Martin OverviewLockheed Martin is headquartered in Bethesda, Maryland and its current President and Chief Executive Officer (CEO) is Marilyn Hewson. The company primarily operates in five business segments Space Systems, Missile and Fire Control, Mission Systems and Training, Information Systems and Global Solutions, and Aeronautics. In 2013 the company had net sales of 45,358,000,000 dollars, of which 85 percent came from U.S. government contracts, 13 percent from contracts with foreign governments, and 2 percent came from strictly commercial contracts (Lockheed Martin, 2014a).Vision, Mission, and StrategiesLockheed Martins mission statement and vision statement share some common traits, specifically that the company is very concerned with advancing scientific discovery through innovation. The companys mission statement, vision statement, and values (Lockheed Martin, 2015a) are as followsMission Statement We solve complex challenges, advance scientific discover and deliver innovative solutions to help our customers keep people safe and provide them essential services.Vision Statement Be the global leader in supporting our customers to strengthen global security, deliver citizen services, and advance scientific discovery.Values Do whats right, respect others, and perform with excellence.Strategies employed by Lockheed Martin are in line with the values shared throughout its statements and include applying scientific knowledge, technical expertise, expanding international partnerships, and exploring new technologies. Many of these strategies are achieved by Lockheed Martin, as they are, by partnering with other companies, or buying outside companies with the goal...

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