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69-643: The ferry is a one-of-a-kind, ice-capable vessel that can transition from barge to twin-hulled ship, designed by Guido, Perla & Associates based on a concept by Lockheed-Martin Corporation for the Office of Naval Research as a half-sized prototype for a military vessel. "It's an omnivore. It's not optimized for any one task, but it has a wide range of tasks it can do, and that's what makes it useful. It can work in deep seas, it can work in rough waters, it can break ice, it can work in shallow waters and go up to

138-522: A False Claims Act lawsuit paying $ 27.5 million to finalize allegations that it had knowingly overbilled taxpayers for work performed by company staff who did not hold the relevant essential qualifications for the contract. The board of directors consists of 14 members. As of February 2016, members include: As of December 2023, Lockheed Martin shares are mainly held by institutional investors ( State Street Corporation , Vanguard group , BlackRock , Capital Group Companies , and others). Lockheed Martin

207-562: A hypersonic weapon prototype. A hypersonic missile can travel at one mile a second. This is the second contract for hypersonic weapons that Martin has secured; The first was from the Air Force as well and for $ 928 million which was announced in April 2018. On November 29, 2018, Lockheed Martin was awarded a Commercial Lunar Payload Services contract by NASA , which makes it eligible to bid on delivering science and technology payloads to

276-562: A $ 2.2 billion contract with the United States Air Force for two advanced military communications satellites. Lockheed Martin has already begun to help the military transition to renewable energy sources with solar photovoltaic powered microgrids and as the military aims to reach 25% renewable energy by 2025 in order to improve national security . On March 3, 2012, the U.S. Department of Justice (DOJ) said that Lockheed Martin had agreed to settle allegations that

345-463: A bankruptcy court received no bids by the February 21 deadline. On March 16, 2020, Lockheed Martin announced that James D. Taiclet would replace Marillyn Hewson as CEO, effective June 15. In January of 2021, Taiclet became chairman of the company as well. On December 20, 2020, it was announced that Lockheed Martin would acquire Aerojet Rocketdyne Holdings for $ 4.4 billion. The acquisition

414-401: A close. In May 2017, during a visit to Saudi Arabia by President Donald Trump, Saudi Arabia signed business deals worth tens of billions of dollars with U.S. companies, including Lockheed Martin. (See: 2017 United States–Saudi Arabia arms deal ) On August 13, 2018, Lockheed Martin announced that the company had secured a $ 480 million contract from the United States Air Force to develop

483-542: A commercial interest. They were informed that if they sold it outright they would need to return Federal grant funds used for its construction. The amount is uncertain. Or If the borough transferred the ship to another government entity, the financial obligation could have been reduced. In January 2012, the Alaska Marine Highway rejected a proposal that they utilize the ship as it is not compatible with their existing facilities or training. A proposal to lease

552-477: A cost of $ 7.1 billion. The Pentagon has criticized the acquisition as causing a reduction in competition. In November 2015, the acquisition received final approval from the Chinese government, with a total cost of $ 9 billion. Dan Schulz was named the president of Lockheed Martin's Sikorsky company. Lockheed Martin has shown sketches for a twin-engine, blended wing body strategic airlifter similar in size to

621-877: A deal was brokered with the Philippine Red Cross to purchase the ferry. The arrangement required that the ship first be repaired as three of its four engines were damaged by neglect and exposure during the time it had been stored without being used. In December 2016, MV Susitna arrived at Subic Bay in the Philippines for turnover to the PRC which purchased the vessel, with help from the International Federation of Red Cross and Red Crescent Societies , British Red Cross , German Red Cross , Japanese Red Cross , and American Red Cross , for US$ 1.75 million from Matanuska-Susitna Borough. As part of

690-556: A ferry for taxpayers, and as a research vessel for the U.S. Navy. The navy would gather information via the 1,000 sensors on board to learn how the stresses of ice affect the ship, helping the navy construct an improved landing craft for icy seas. As of February 2013, the ferry was still docked at Ward Cove in Ketchikan, hundreds of miles from Knik Arm. In 2008 then mayor of the Municipality of Anchorage Mark Begich terminated

759-763: A fine of $ 20 million following his guilty plea. On February 20, 2013, Lockheed Martin Corp complied with the United States District Court for the Southern District of New York , agreeing to pay a $ 19.5 million lawsuit to conclude a securities fraud class-action legal battle that had accused the company of deceiving shareholders in regards to expectations for the company's information technology division. On December 20, 2014, Lockheed Martin Integrated Systems agreed to settle

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828-399: A market cap of around $ 139.7 billion. 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. In 2013, 78% of Lockheed Martin's revenues came from military sales; it topped the list of US federal government contractors and received nearly 10% of

897-599: A nine–year investigation conducted by NASA's Office of Inspector General with the assistance of the Defense Contract Audit Agency. The company paid the United States government $ 7.1 million based on allegations that its predecessor, Lockheed Engineering Science Corporation, submitted false lease costs claims to NASA. On May 12, 2006, The Washington Post reported that when Robert Stevens took control of Lockheed Martin in 2004, he faced

966-599: A provider of integrated planning and demand forecasting tools for airport, planning to expand their business in commercial airport information technology solutions. Also, in March 2014, Lockheed Martin announced its acquisition of Industrial Defender Inc. On June 2, 2014, Lockheed Martin received a Pentagon contract to build a space fence that would track debris, keeping it from damaging satellites and spacecraft. On July 20, 2015, Lockheed Martin announced plans to purchase Sikorsky Aircraft from United Technologies Corporation at

1035-551: Is an American defense and aerospace manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland . As of January 2022, Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists. Reports from 2024 estimate that Lockheed Martin Corporation (LMT) holds

1104-597: Is expected to be completed by December 2020. In January 2020, the Pentagon found at least 800 software defects in Lockheed Martin's F-35 fighter jets owned by the US Armed Forces during an annual review. The 2018 and 2019 reviews revealed a large number of defects as well. In February 2020, Lockheed Martin acquired Vector Launch Inc 's satellite software technology GalacticSky for $ 4.25 million after

1173-475: Is listed as the largest U.S. government contractor and ranks first for the number of incidents, and fifth for the size of settlements on the 'contractor misconduct' database maintained by the Project on Government Oversight , a Washington, D.C.–based watchdog group. Since 1995, the company has agreed to pay $ 676.8 million to settle 88 instances of misconduct. In 2013, Lt. Gen. Christopher Bogdan criticized

1242-1756: Is the organizations' exemption from real property taxes, direct and indirect taxes, duties and fees that will emerge from its operations and its exclusive importations and purchases. A list of vehicles presently used. [REDACTED]   Afghanistan [REDACTED]   Albania [REDACTED]   Algeria [REDACTED]   Andorra [REDACTED]   Angola [REDACTED]   Antigua and Barbuda [REDACTED]   Argentina [REDACTED]   Armenia [REDACTED]   Australia [REDACTED]   Austria [REDACTED]   Azerbaijan [REDACTED]   The Bahamas [REDACTED]   Bahrain [REDACTED]   Bangladesh [REDACTED]   Barbados [REDACTED]   Belarus (suspended) [REDACTED]   Belgium [REDACTED]   Belize [REDACTED]   Benin [REDACTED]   Bhutan [REDACTED]   Bolivia [REDACTED]   Bosnia and Herzegovina [REDACTED]   Botswana [REDACTED]   Brazil [REDACTED]   Brunei [REDACTED]   Bulgaria [REDACTED]   Burkina Faso [REDACTED]   Burundi [REDACTED]   Cambodia [REDACTED]   Cameroon [REDACTED]   Canada [REDACTED]   Cape Verde [REDACTED]   Central African Republic [REDACTED]   Chad [REDACTED]   Chile  [ es ] [REDACTED]   China [REDACTED]   Colombia [REDACTED]   Comoros [REDACTED]   Congo  [ it ] [REDACTED]   Congo, Democratic Republic of

1311-4037: The [REDACTED]   Cook Islands [REDACTED]   Costa Rica  [ es ] [REDACTED]   Côte d'Ivoire [REDACTED]   Croatia [REDACTED]   Cuba  [ es ] [REDACTED]   Cyprus [REDACTED]   Czech Republic [REDACTED]   Denmark [REDACTED]   Djibouti [REDACTED]   Dominica [REDACTED]   Dominican Republic [REDACTED]   Ecuador  [ es ] [REDACTED]   Egypt [REDACTED]   El Salvador [REDACTED]   Equatorial Guinea [REDACTED]   Eritrea [REDACTED]   Estonia [REDACTED]   Eswatini [REDACTED]   Ethiopia [REDACTED]   Fiji [REDACTED]   Finland [REDACTED]   France [REDACTED]   Gabon [REDACTED]   Gambia [REDACTED]   Georgia [REDACTED]   Germany [REDACTED]   Ghana [REDACTED]   Greece [REDACTED]   Grenada [REDACTED]   Guatemala [REDACTED]   Guinea [REDACTED]   Guinea-Bissau [REDACTED]   Guyana [REDACTED]   Haiti [REDACTED]   Honduras [REDACTED]   Hungary [REDACTED]   Iceland [REDACTED]   India [REDACTED]   Indonesia [REDACTED]   Iran [REDACTED]   Iraq [REDACTED]   Ireland [REDACTED]   Israel [REDACTED]   Italy [REDACTED]   Jamaica [REDACTED]   Japan [REDACTED]   Jordan [REDACTED]   Kazakhstan [REDACTED]   Kenya [REDACTED]   Kiribati [REDACTED]   Korea, North [REDACTED]   Korea, South [REDACTED]   Kuwait [REDACTED]   Kyrgyzstan [REDACTED]   Laos [REDACTED]   Latvia [REDACTED]   Lebanon [REDACTED]   Lesotho [REDACTED]   Liberia [REDACTED]   Libya [REDACTED]   Liechtenstein [REDACTED]   Lithuania [REDACTED]   Luxembourg [REDACTED]   Madagascar [REDACTED]   Malawi [REDACTED]   Malaysia [REDACTED]   Maldives [REDACTED]   Mali [REDACTED]   Malta [REDACTED]   Marshall Islands [REDACTED]   Mauritania [REDACTED]   Mauritius [REDACTED]   Mexico [REDACTED]   Micronesia, Federated States of [REDACTED]   Moldova [REDACTED]   Monaco [REDACTED]   Mongolia [REDACTED]   Montenegro [REDACTED]   Morocco [REDACTED]   Mozambique [REDACTED]   Myanmar [REDACTED]   Namibia [REDACTED]   Nepal [REDACTED]   Netherlands [REDACTED]   New Zealand [REDACTED]   Nicaragua [REDACTED]   Niger [REDACTED]   Nigeria [REDACTED]   North Macedonia [REDACTED]   Norway [REDACTED]   Pakistan [REDACTED]   Palau [REDACTED]   Palestine [REDACTED]   Panama [REDACTED]   Papua New Guinea [REDACTED]   Paraguay [REDACTED]   Peru (suspended) [REDACTED]   Philippines [REDACTED]   Poland [REDACTED]   Portugal  [ pt ] [REDACTED]   Qatar [REDACTED]   Republika Srpska [REDACTED]   Romania [REDACTED]   Russia [REDACTED]   Rwanda [REDACTED]   Saint Kitts and Nevis [REDACTED]   Saint Lucia [REDACTED]   Saint Vincent and

1380-549: The Phoenix and InSight Mars landers. On April 11, 2019, at 6:35 pm EDT, an Arabsat-6A satellite was successfully launched from (LC-39A) . This satellite is one of two, the other being SaudiGeoSat-1/HellasSat-4 and they are the "most advanced commercial communications satellites ever built by" Lockheed Martin. On September 23, 2019, Lockheed Martin and NASA signed a $ 4.6-billion contract to build six or more Orion capsules for NASA's Artemis program to send astronauts to

1449-690: The Collier Trophy six times, including in 2001 for being part of developing the X-35 / F-35B LiftFan Propulsion System and most recently in 2018 for the Automatic Ground Collision Avoidance System (Auto-GCAS). Lockheed Martin is currently developing the F-35 Lightning II and leads the international supply chain, leads the team for the development and implementation of technology solutions for

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1518-939: The Department of Defense and the Department of Energy to the Department of Agriculture and the Environmental Protection Agency . It is involved in surveillance and information processing for the CIA , the FBI , the Internal Revenue Service (IRS), the National Security Agency (NSA), The Pentagon , the Census Bureau , and the Postal Service . In October 2013, Lockheed announced it expected to finalize

1587-815: The Malolos Republic to form a national Red Cross organization. On February 17, 1899, the Malolos Republic approved the Constitution of the National Association of the Red Cross. The government appointed Hilaria del Rosario de Aguinaldo – the consort of President Emilio Aguinaldo – as the first head of the association. She cared for wounded soldiers and their families and established the Hijas de la Revolución (Daughters of

1656-577: The RCSC ) [REDACTED]   Kosovo (non-member) [REDACTED]   Macau (autonomous branch of the RCSC ) [REDACTED]   Oman (non-member) [REDACTED]   Ossetia, South (non-member) [REDACTED]   SADR (pending recognition and admission) [REDACTED]   Somaliland (non-member) [REDACTED]   Taiwan (former member) [REDACTED]   Transnistria (non-member) [REDACTED]   Vatican City (autonomous branch of

1725-669: The V-280 Valor tiltrotor for the Future Vertical Lift (FVL) program. In September 2013, Lockheed Martin acquired the Scotland -based tech firm, Amor Group , saying the deal would aid its plans to expand internationally and into non-defense markets. On November 14, 2013, Lockheed announced they would be closing their Akron, Ohio facility laying off 500 employees and transferring other employees to other locations. In March 2014, Lockheed Martin acquired Beontra AG,

1794-599: The 2002 agreement with the Matanuska-Susitna Borough , who then bore sole responsibility for the project. Several landing sites were proposed, and each time there were objections. One site could possibly interfere with the endangered Beluga whale population in Cook Inlet . Another was deemed too close to the oil "tank farm" at the Port of Anchorage and was rejected out of security concerns. A third site

1863-678: The ANRC re-established an independent Red Cross. The Philippines gained independence from the United States on July 4, 1946. Dr. J. Horacio Yanzon was appointed the first Filipino Red Cross manager in December 1946, with thirty-six Red Cross chapters initially set up in the country. On February 14, 1947, President Manuel A. Roxas signed the Treaty of Geneva and the Prisoners of War Convention. On March 22, 1947, President Roxas signed Republic Act 95,

1932-733: The Board of Governors. Rosal was awarded in 1999 the Ramon Magsaysay Award for Public Service for her activities with the PRC. In 2009, Republic Act No. 10072 or the Philippine Red Cross Act of 2009, was signed into law by President Gloria Macapagal Arroyo . The law is an affirmation of the country's "conformity with the Geneva Conventions of 1949 and their additional protocols, and the Statutes of

2001-654: The C-5. On March 31, 2015, the US Navy awarded Lockheed Martin a contract worth $ 362 million for the construction of Freedom-class ship LCS 21 and $ 79 million for advance procurement for LCS 23. The Freedom-class ships are built by Fincantieri Marinette Marine in Marinette, Wisconsin . In December 2015, Lockheed won an $ 867 million seven-year contract to train Australia 's next generation of military pilots . The deal also has

2070-609: The DSCS-3 satellite. Martin Marietta products included Titan rockets , Sandia National Laboratories (management contract acquired in 1993), Space Shuttle External Tank , Viking 1 and Viking 2 landers, the Transfer Orbit Stage (under subcontract to Orbital Sciences Corporation ) and various satellite models. On April 22, 1996, Lockheed Martin completed the acquisition of Loral Corporation 's defense electronics and system integration businesses for $ 9.1 billion,

2139-836: The Filipino Red Cross Society as well as the application of the First Geneva Convention during the Philippine–American War . On August 30, 1905, the American Red Cross (ARC) formed a Philippine Branch with Filipino and American leaders at the Ayuntamiento . After several years of continuous effort, the ANRC officially recognized it as a chapter on December 4, 1917. In 1934, President Manuel L. Quezon established an independent Philippine Red Cross (PRC). However, because

Knik Arm ferry - Misplaced Pages Continue

2208-2003: The Grenadines [REDACTED]   Samoa [REDACTED]   San Marino [REDACTED]   São Tomé and Príncipe [REDACTED]   Saudi Arabia [REDACTED]   Senegal [REDACTED]   Serbia [REDACTED]   Seychelles [REDACTED]   Sierra Leone [REDACTED]   Singapore [REDACTED]   Slovakia [REDACTED]   Slovenia [REDACTED]   Solomon Islands [REDACTED]   Somalia [REDACTED]   South Africa [REDACTED]   South Sudan [REDACTED]   Spain [REDACTED]   Sri Lanka [REDACTED]   Sudan [REDACTED]   Suriname [REDACTED]   Sweden [REDACTED]   Switzerland [REDACTED]   Syria [REDACTED]   Taiwan (Republic of China) [REDACTED]   Tajikistan [REDACTED]   Tanzania [REDACTED]   Thailand [REDACTED]   Timor-Leste [REDACTED]   Togo [REDACTED]   Tonga [REDACTED]   Trinidad and Tobago [REDACTED]   Tunisia [REDACTED]   Turkey [REDACTED]   Turkmenistan [REDACTED]   Tuvalu [REDACTED]   Uganda [REDACTED]   Ukraine [REDACTED]   United Arab Emirates [REDACTED]   United Kingdom [REDACTED]   United States [REDACTED]   Uruguay [REDACTED]   Uzbekistan [REDACTED]   Vanuatu [REDACTED]   Venezuela [REDACTED]   Viet Nam [REDACTED]   Yemen [REDACTED]   Zambia [REDACTED]   Zimbabwe [REDACTED]   Abkhazia (no-member) [REDACTED]   Cyprus, North (non-member) [REDACTED]   Hong Kong (autonomous branch of

2277-553: The International Red Cross and Red Crescent Movement", as well as a confirmation of the PRC's stand as a "voluntary, independent and autonomous nongovernmental society auxiliary to the authorities of the Republic of the Philippines in the humanitarian field". Apart from the apparent change in the organization's name from "Philippine National Red Cross" to "Philippine Red Cross", included in the act's new provisions

2346-572: The International Space Station. In August 2007, Lockheed Martin acquired 3Dsolve, a Cary, North Carolina , company that created simulations and training modules for the military and corporate clients. Renamed Lockheed Martin 3D Learning Systems, the company remained in Cary with 3D's founder Richard Boyd as director. The name was eventually shortened to Lockheed Martin 3D Solutions. On August 13, 2008, Lockheed Martin acquired

2415-457: The Moon for NASA, worth $ 2.6 billion. Lockheed Martin plans to formally propose a lander called McCandless Lunar Lander , named after the late astronaut and former Lockheed Martin employee Bruce McCandless II, who in 1984 performed the first free-flying spacewalk without a lifeline to the orbiting shuttle, using a jetpack built by the company. This lander would be based on the successful design of

2484-781: The Moon. In January 2020, the Naval Sea Systems Command awarded Lockheed Martin with a $ 138 million contract related with the AEGIS Combat System Engineering Agent (CSEA). The LMT Rotary and Mission Systems (RMS) unit of the company is to develop, integrate, test, and deliver the AEGIS Advanced Capability Build (ACB) 20 integrated combat system. Martin will work on the AEGIS in New Jersey. The project

2553-579: The PRC charter. The ICRC approved the recognition of the PRC, and telegraphed First Lady Aurora Aragon Quezon , the first PRC chairman, on March 29, 1947. The PRC had an inaugural ceremony on April 15, 1947. The PRC was admitted as a bona fide member of the League of Red Cross and Red Crescent Societies on September 17, 1947. Since 2004, the chairman of the PRC Board of Governors is Senator Richard J. Gordon . Since 1965, actress Rosa Rosal has sat on

2622-608: The Philippines was a territory and later a Commonwealth under United States sovereignty, it could not sign the Geneva Conventions and therefore it could not be recognized by the ICRC. In 1942, during the Japanese occupation of the Philippines , the Japanese created a Philippine Red Cross that they controlled to care for internees. Once Manila was liberated by combined American and Filipino forces in 1945, local Red Cross officials and

2691-606: The Revolution) that later became Asociación Filantrópica de los Damas de la Cruz Roja en Filipinas (Red Cross Association), considered a precursor of the present Philippine Red Cross, and for this she raised funds for medicines and other medical supplies. Filipino diplomat Felipe Agoncillo , met with Gustave Moynier , an original member of the Committee of Five and International Red Cross and Red Crescent Movement (ICRC) president on August 29, 1900. He sought recognition of

2760-599: The U.S. Government $ 2 million to settle allegations that the company submitted false claims on a U.S. government contract for that amount. The allegations came from a contract with the Naval Oceanographic Office Major Shared Resource Center in Mississippi. On May 25, 2011, Lockheed Martin bought the first Quantum Computing System from D-Wave Systems . Lockheed Martin and D-Wave will collaborate to realize

2829-499: The United States and the United Kingdom, including Lockheed Martin, that supplied weapons to Israel during the 2023 Israel–Hamas war . In March 2024, Lockheed Martin submitted a bid to acquire Terran Orbital. On June 28, 2024, the U.S. Army awarded Lockheed Martin a $ 4.5 billion contract to supply Patriot Advanced Capability-3 (PAC-3) missiles. The contract included 870 PAC-3 MSE missiles and related hardware. Lockheed

Knik Arm ferry - Misplaced Pages Continue

2898-541: The beach. There's no other ship in the world that can do that." — Lew Madden, Susitna Co-inventor Susitna was built by Alaska Ship and Drydock, Inc., in Ketchikan . Design and construction costs were funded by the United States Navy Office of Naval Research to study the technology for its potential as a new type of expeditionary landing craft , also called an "E-craft". Basic construction of

2967-469: The benefits of a computing platform based upon a quantum annealing processor , as applied to some of Lockheed Martin's most challenging computation problems. Lockheed Martin established a multi-year contract that includes one system, maintenance, and services, and represents a potentially important milestone for both companies. On May 28, 2011, it was reported that a cyberattack using previously stolen EMC files had broken through to sensitive materials at

3036-575: The combined companies would be at Martin Marietta headquarters in North Bethesda, Maryland . The deal was finalized on March 15, 1995, when the two companies' shareholders approved the merger. The segments of the two companies not retained by the new company formed the basis for L-3 Communications , a mid-size defense contractor in its own right. Lockheed Martin also later spun off the materials company Martin Marietta Materials . The company's executives received large bonuses directly from

3105-453: The company's F-35 fighter program. The general said: "I want them both to start behaving like they want to be around for 40 years ... I want them to take on some of the risk of this program. I want them to invest in cost reductions. I want them to do the things that will build a better relationship. I'm not getting all that love yet." The criticism came in the wake of previous criticism from former Defense Secretary Robert Gates regarding

3174-432: The company. For the fiscal year 2020, Lockheed Martin reported earnings of $ 6.833 billion, with an annual revenue of $ 65.398 billion, an increase of 9.3% over the previous year. Backlog was 144.0 billion at the end of 2019, up from 130.5 billion at the end of the 2018. Firm orders were $ 94.5 billion at the end of 2019. Its shares traded at over $ 389 per share. Its market capitalization was valued at US$ 109.83 billion at

3243-531: The contractor. It is unclear if the Lockheed incident is the specific prompt whereby on June 1, 2011, the new United States military strategy, makes explicit that a cyberattack is casus belli for a traditional act of war. On July 10, 2012, Lockheed Martin announced it was cutting its workforce by 740 workers to reduce costs and remain competitive as necessary for future growth. On November 27, 2012, Lockheed Martin announced that Marillyn Hewson would become

3312-612: The corporation's chief executive officer on January 1, 2013. On January 7, 2013, Lockheed Martin Canada announced that it would be acquiring the engine maintenance, repair, and overhaul assets from Aveos Fleet Performance in Montreal , Quebec , Canada. On July 3, 2013, Lockheed Martin announced that it was partnering with DreamHammer to use the company's software for integrated command and control of its unmanned aerial vehicles. Lockheed Martin teamed up with Bell Helicopter to propose

3381-578: The deal having been announced in January. The remainder of Loral became Loral Space & Communications . Lockheed Martin abandoned plans for an $ 8.3 billion merger with Northrop Grumman on July 16, 1998, due to government concerns over the potential strength of the new group; Lockheed/Northrop would have had control of 25% of the Department of Defense's procurement budget. For the Mars Climate Orbiter , Lockheed Martin incorrectly provided NASA with software using measurements in US Customary force units when metric units were expected; this resulted in

3450-422: The defense contractor had sold overpriced perishable tools used on many contracts. The DOJ said the allegations were based specifically on the subsidiary Tools & Metals Inc's inflation of costs between 1998 and 2005, which Lockheed Martin then passed on to the U.S. government under its contracts. Further, in March 2006, Todd B. Loftis, a former TMI president, was sentenced to 87 months in prison and ordered to pay

3519-433: The dilemma that within 10 years, 100,000 of the about 130,000 Lockheed Martin employees – more than three-quarters – would be retiring. On August 31, 2006, Lockheed Martin won a $ 3.9 billion contract from NASA to design and build the CEV capsule, later named Orion for the Ares I rocket in the Constellation Program. In 2009, NASA reduced the capsule crew requirements from the initial six seats to four for transport to

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3588-505: The end of 2019. Lockheed Martin ranked No. 60 in the 2019 Fortune 500 list of the largest United States corporations by total revenue (down from No. 59 in 2018). Lockheed Martin Corporation reported Total CO₂e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 919 Kt (-49 /-5.1% y-o-y). 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

3657-452: The ferry was completed and she was christened MV Susitna in June 2010, but it was never put into service. The vessel is 59 metres (193 ft 7 in) long and has a capacity is 129 passengers and 20 automobiles. Her design incorporates lift technology that allows changing from the Small Waterplane Area Twin Hull ( SWATH ) mode to barge mode by lowering or raising her center deck. She is the world's first ice-capable twin-hulled vessel; and

3726-625: The funds paid out by the Pentagon . In 2009, US government contracts accounted for $ 38.4 billion (85%), foreign government contracts for $ 5.8 billion (13%), and commercial and other contracts for $ 900 million (2%). Half of the corporation's annual sales are to the U.S. Department of Defense . Lockheed Martin is also a contractor for the U.S. Department of Energy and the National Aeronautics and Space Administration ( NASA ). Lockheed Martin operates in four business segments: Aeronautics , Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space . The company has received

3795-459: The government as a result of the merger. Norman R. Augustine , who was at the time CEO of Martin Marietta, received an $ 8.2 million bonus. Both companies contributed important products to the new portfolio. Lockheed products included the Trident missile , P-3 Orion maritime patrol aircraft , U-2 and SR-71 Blackbird reconnaissance airplanes , F-117 Nighthawk , F-16 Fighting Falcon , F-22 Raptor , C-130 Hercules , A-4AR Fightinghawk and

3864-449: The government business unit of Nantero, Inc., a company that had developed methods and processes for incorporating carbon nanotubes in next-generation electronic devices. In 2009, Lockheed Martin bought Unitech. On November 18, 2010, Lockheed Martin announced that it would be closing its Eagan, Minnesota , location by 2013 to reduce costs and optimize capacity at its locations nationwide. In January 2011, Lockheed Martin agreed to pay

3933-533: The loss of the Orbiter at a cost of $ 125 million. The development of the spacecraft cost $ 193 million. In addition to their military products, in the 1990s Lockheed Martin developed the texture mapping chip for the Sega Model 2 arcade system board and the entire graphics system for the Sega Model 3 , which were used to power some of the most popular arcade games of the time. In May 2001, Lockheed Martin sold Lockheed Martin Control Systems to BAE Systems . On November 27, 2000, Lockheed completed

4002-478: The new USAF Space Fence ( AFSSS replacement), and is the primary contractor for the development of the Orion command module. The company also invests in healthcare systems, renewable energy systems, intelligent energy distribution , and compact nuclear fusion . Merger talks between Lockheed Corporation and Martin Marietta began in March 1994, with the companies announcing their $ 10 billion planned merger on August 30, 1994. The headquarters for

4071-475: The option to extend this contract across 26 years, which would greatly increase the deal's value. In August 2016, Canadian Forces Maritime tested an integrated submarine combat system developed by Lockheed Martin. The test marked Canada's first use of the combat system with the MK 48 heavyweight torpedo, variant 7AT. The same month, a deal to merge Leidos with the entirety of Lockheed Martin's Information Systems & Global Solutions (IS&GS) business came to

4140-553: The organization's 70th anniversary activities in 2017, a contest was initiated to rename Susitna where, in the end, it became known as MV Amazing Grace . Considered as the country's first humanitarian vessel, it was commissioned the same year in the presence of Philippine president Rodrigo Duterte . Its first deployment was on 2020 as part of PRC's disaster relief operations in the Philippine province of Catanduanes after being ravaged by Typhoon Rolly (Goni). Lockheed-Martin Corporation The Lockheed Martin Corporation

4209-487: The provision of blood and short-term palliatives as well as participation in disaster-related activities but they now focus on a wider array of humanitarian services. At present, the PRC provides six major services: National Blood Services, Disaster Management Services, Safety Services, Health Services, Welfare Services and Red Cross Youth . The National Headquarters of the PRC is located at 37 EDSA corner Boni Avenue, Mandaluyong, Metro Manila. Apolinario Mabini encouraged

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4278-477: The sale of its Aerospace Electronic Systems business to BAE Systems for $ 1.67 billion, a deal announced in July 2000. This group encompassed Sanders Associates , Fairchild Systems , and Lockheed Martin Space Electronics & Communications. In 2001, Lockheed Martin won the contract to build the F-35 Lightning II ; this was the largest fighter aircraft procurement project since the F-16, with an initial order of 3,000 aircraft. In 2001, Lockheed Martin settled

4347-423: The same program. Philippine Red Cross The Philippine Red Cross ( PRC ; Filipino : Krus na Pula ng Pilipinas ; Spanish : Cruz Roja Filipina ) is a non-profit humanitarian organization and a member of the International Red Cross and Red Crescent Movement . The PRC was established in 1947, with roots in the Philippine Revolution against Spanish colonial rule. It was initially involved only in

4416-401: The vessel to the Coast Guard was rejected by that agency on similar grounds. The unused vessel was listed for sale in September 2012. In May 2013, the borough agreed to sell the vessel to a private company for $ 6 million, a small fraction of its worth but enough to cover their obligations related to it. However the buyers did not remit a promised down payment on schedule. In September 2015,

4485-401: The world's first ship able to convert between a high-speed SWATH hull to a shallow barge-type. A ferry in the area was proposed as early as 1999. Susitna was a project of Senator Ted Stevens , who helped secure numerous earmarks through Defense Department budgets to pay for the ship. Rather than toss the ship in a scrap heap as all other prototypes were, the ship was to be put to work as both

4554-548: Was expected to close in first quarter of 2022. On February 13, 2022, Lockheed abandoned the deal following regulatory disapproval. In 2022, during the Russian invasion of Ukraine , major arms manufacturers, including Lockheed Martin, reported a sharp increase in interim sales and profits. In May 2023, Lockheed formed a new microelectronics subsidiary ForwardEdge ASIC to design custom application-specific integrated circuits for its customers. In November 2023, attempts at Direct action were taken against arms companies in

4623-446: Was informed they were expected to take possession of the ship within a month, and that they were required to provide berthing fees and other expenses even though the vessel was not in service, an estimated annual cost of 1.3 million dollars. Concerned with taxpayers paying for operations costs on a ship that has no revenue, the Matanuska-Susitna Borough Assembly agreed to either transfer the vessel to any U.S. government entity or sell it to

4692-408: Was objected to by commercial fishermen who feared it would interfere with their operations. Another site was rejected because the ferry required additional clearance. The borough favored a site at Ship Creek , an industrial area already used for offshore docking of tugboats , however, offloading of vehicles requires a ferry landing. No landings were ever built. In August 2011 the borough government

4761-414: Was tasked with manufacturing the newest version of these interceptors, with each PAC-3 MSE missile costing approximately $ 4 million, as per Army budget documents. On October 9, 2024, Lockheed Martin announced the appointment of Chauncey McIntosh as vice president and general manager of the F-35 Lightning II Program, effective December 1, 2024. He succeeded Bridget Lauderdale, who retired after 38 years with

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