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80-569: Ownership of the three Marisat satellites was transferred to Lockheed Martin when it bought COMSAT Corp in 2000. The Marisat-F2 satellite was acquired by Intelsat as part of the COMSAT General Corp. acquisition in October 2004. The three satellites were all launched in 1976. MARISAT F1 was launched on 19 February 1976, MARISAT F2 was launched on 10 June 1976, and Marisat F3 was launched at 22:44 GMT, 14 October 1976. Launch vehicle for

160-522: 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

240-562: 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

320-562: 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

400-463: 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

480-401: 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

560-477: 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

640-763: 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

720-399: 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

800-546: A matter of policy, many governments of industrialized countries maintain or support a network of organizations, facilities, and resources to produce weapons and equipment for their military forces (and sometimes those of other countries). This is often referred to as a defense industrial base . Entities involved in arms production for military purposes vary widely, and include private sector commercial firms , state-owned enterprises and public sector organizations, and scientific and academic institutions. Such entities perform

880-599: 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

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960-599: 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

1040-666: A shipyard at Elswick to specialize in warship production – at the time, it was the only factory in the world that could build a battleship and arm it completely. The factory produced warships for foreign naval forces, including the Imperial Japanese Navy . Several Armstrong cruisers played an important role in defeating the Russian fleet at the Battle of Tsushima in 1905. In the American Civil War in 1861

1120-431: A solar power generating array. As the satellite spun in orbit, some part of the array would always be lit by the sun and provide power to the satellite power bus. On Marisat the cylindrical solar panel, covered with approximately 7000 solar cells, supplies each satellite with primary power of 330 watts. Marisat F1 (NSSDC ID: 1976-017A) was operated at 345° E (15° W) from 1976 to 1990. It was relocated to 254° E (106° W) over

1200-522: A wide variety of functions, including research and development , engineering , production, and servicing of military material, equipment, and facilities. The weapons they produce are often made, maintained, and stored in arsenals. In 2024, the Stockholm International Peace Research Institute (SIPRI) estimated global military expenditure at $ 2.443 trillion, the highest level ever recorded by SIPRI and

1280-462: Is also a large global market in second-hand naval vessels, generally purchased by developing countries from Western governments. The cybersecurity industry is expected to be of increasing importance to defense, intelligence, and homeland security agencies. According to research institute SIPRI , the volume of international transfers of major weapons in 2010–14 was 16 percent higher than in 2005–2009. The five biggest exporters in 2010–2014 were

1360-597: 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

1440-475: 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

1520-485: Is presented by 5-year moving averages. Next to SIPRI, there are several other sources that provide data on international transfers of arms. These include national reports by national governments about arms exports, the UN register on conventional arms, and an annual publication by the U.S. Congressional Research Service that includes data on arms exports to developing countries as compiled by U.S. intelligence agencies. Due to

1600-760: Is substantial. There is relatively little regulation at the international level, and as a result, many weapons fall into the hands of organized crime, rebel forces, terrorists, or regimes under sanctions. The Control Arms Campaign , founded by Amnesty International , Oxfam , and the International Action Network on Small Arms , estimated in 2003 that there are over 639 million small arms in circulation and that over 1,135 companies based in more than 98 countries manufacture small arms as well as their various components and ammunition. Encompassing military aircraft (both land-based and naval aviation ), conventional missiles, and military satellites , this

1680-618: Is the most technologically advanced sector of the market. It is also the least competitive from an economic standpoint, with a handful of companies dominating the entire market. The top clients and major producers are virtually all located in the western world and Russia, with the United States easily in the first place. Prominent aerospace firms include Rolls-Royce , BAE Systems , Saab AB , Dassault Aviation , Sukhoi , Mikoyan , EADS , Leonardo , Thales Group , Lockheed Martin , Northrop Grumman , RTX Corporation , and Boeing . There are also several multinational consortia mostly involved in

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1760-549: 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

1840-542: The British government awarded a contract to the Elswick Ordnance Company to supply the latest loading artillery pieces. This galvanized the private sector into weapons production, with the surplus increasingly exported to foreign countries. William Armstrong became one of the first international arms dealers, selling his systems to governments across the world from Brazil to Japan. In 1884, he opened

1920-561: The Cold War when the United States and the USSR supplied weapons to their proxies across the world, particularly third world countries (see Nixon Doctrine ). This category includes everything from light arms to heavy artillery , and the majority of producers are small. Many are located in third-world countries. International trade in handguns , machine guns , tanks , armored personnel carriers , and other relatively inexpensive weapons

2000-690: 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

2080-939: 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

2160-600: The Earth's gravitational field. They were originally designed to last 5 years, but survived much longer, with Marisat F2 operating successfully for 32 years. The cylindrical design of satellites is good for several reasons: The Marisat satellites weighed about 1,450 pounds (660 kg). Each satellite is 12 feet 6 inches (3.81 m) in height and 7 feet 1 inch (2.16 m) in diameter. The UHF payload provided one 500 kHz wide-band channel and two 25 kHz narrow-band channels. The UHF payload on Marisat

2240-760: The National Shooting Sports Foundation members' ability to obtain an export license from taking a month to taking just four days. This was due to the United States Department of Commerce and agencies associated with ITAR expediting weapons shipments to Ukraine. In addition, the time it took to obtain a permit to buy a firearm in Ukraine also decreased from a few months to a few days. Figures are SIPRI Trend Indicator Values (TIVs) expressed in millions. These numbers may not represent real financial flows as prices for

2320-669: 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,

2400-476: The Americas until 1997, when it was retired from active service and moved out to a disposal orbit. Marisat F3 (NSSDC ID: 1976-101A) was operated at 72.5° E until it was retired in the late 1990s and moved out to a disposal orbit. Marisat F2 (NSSCDC ID: 1976-053A) was operated at 176° E from 1976 to 1991. It was relocated to 182 E (178° W) and operated there until 1996. It was relocated to 326.1 E (33.9º W), over

2480-607: The Atlantic Ocean, and since 1999 F2 had been providing a wide-band data link for the National Science Foundation's U.S. Antarctic Program's Amundsen-Scott research station at the South Pole . On Wednesday 29 October 2008, after 32 years of service, the longest for any commercial satellite to date, it was retired from active service. Engineers at INTELSAT used the remaining on-board fuel to raise

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2560-654: 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

2640-665: 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,

2720-572: 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

2800-457: 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

2880-781: 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

2960-653: The North had about ten times the manufacturing capacity of the economy of the Confederate States of America . This advantage over the South included the ability to produce (in relatively small numbers) breech-loading rifles for use against the muzzle-loading rifled muskets of the South. This began the transition to industrially produced mechanized weapons such as the Gatling gun. This industrial innovation in

3040-599: 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

3120-440: The U.S. Navy, L-band (1.5 to 1.6 GHz ) for ship communications via voice, telex , facsimile and high speed data, and C band (6/4 GHz) for communications to fixed shore stations. The Marisat satellites were a cylindrical spinning satellite design similar to earlier satellites like Syncom 1 , Intelsat I and II , relying on the gyroscopic forces generated by rotating at approximately 30 rpm to provide stability in

3200-499: 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

3280-595: The United States, Russia, China, Germany, and France, and the five biggest importers were India, Saudi Arabia, China, the United Arab Emirates, and Pakistan. The flow of arms to the Middle East increased by 87 percent between 2009–13 and 2014–18, while there was a decrease in flows to all other regions: Africa, the Americas, Asia and Oceania, and Europe. SIPRI has identified 67 countries as exporters of major weapons in 2014–18. The top 5 exporters during

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3360-528: The allies. In 1885, France decided to capitalize on this increasingly lucrative trade and repealed its ban on weapon exports. The regulatory framework for the period up to the First World War was characterized by a laissez-faire policy that placed little obstruction in the way of weapons exports. Due to the carnage of World War I, arms traders began to be regarded with odium as "merchants of death" and were accused of having instigated and perpetuated

3440-469: 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

3520-638: 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

3600-453: 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

3680-432: 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

3760-531: 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

3840-612: 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

3920-823: 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

4000-422: 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

4080-546: The defense industry was adopted by Prussia in its 1864, 1866, and 1870–71 defeats of Denmark, Austria, and, France respectively. By this time the machine gun had begun entering arsenals. The first examples of its effectiveness were in 1899 during the Boer War and in 1905 during the Russo-Japanese War . However, Germany led the innovation of weapons and this advantage in the weapons of World War I nearly defeated

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4160-557: The different methodologies and definitions used different sources often provide significantly different data. SIPRI uses the "trend-indicator values" (TIV). These are based on the known unit production costs of weapons and represent the transfer of military resources rather than the financial value of the transfer. Units are in Trend Indicator Values expressed as millions of U.S. dollars at 1990s prices. These numbers may not represent real financial flows as prices for

4240-605: 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

4320-565: 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

4400-581: The first FLTSATCOM satellite would be available in December 1978. The U.S. Navy contracted with COMSAT in 1973 for UHF capability over the Atlantic and Pacific Ocean regions (AOR and POR), and later extended the contract for coverage of the Indian Ocean region (IOR). Because of the spinning design of the satellite, the exterior of the cylinder body of the satellite was covered with solar cells, forming

4480-697: 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

4560-513: 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

4640-449: 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

4720-711: 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

4800-513: The manufacturing of fighter jets , such as the Eurofighter . The largest military contract in history, signed in October 2001, involved the development of the Joint Strike Fighter . Several of the world's great powers maintain substantial naval forces to provide a global presence, with the largest nations possessing aircraft carriers , nuclear submarines and advanced anti-air defense systems . The vast majority of military ships are conventionally powered, but some are nuclear-powered . There

4880-478: 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

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4960-409: The number of firearms in circulation had increased significantly between 2006 and 2017, primarily due to increases in civilian possession. During the early modern period , England, France, Sweden, and the Netherlands became self-sufficient in arms production, with diffusion and migration of skilled workers to more peripheral countries such as Portugal and Russia. The modern arms industry emerged in

5040-475: 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

5120-652: The orbit of F2 approximately 125 miles (201 km) above the geostationary arc and place it in a disposal orbit. COMSAT Mobile Communications (CMC) Lockheed Martin The Lockheed Martin Corporation 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

5200-571: The period were responsible for 75 percent of all arms exports. The composition of the five largest exporters of arms changed between 2014 and 2018 and remained unchanged compared to 2009–13, although their combined total exports of major arms were 10 percent higher. In 2014–18, significant increases in arms exports from the US, France and Germany were seen, while Chinese exports rose marginally and Russian exports decreased. In 2014–18, 155 countries (about three-quarters of all countries) imported major weapons. The top 5 recipients accounted for 33 percent of

5280-477: 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

5360-629: The same program. Arms industry The arms industry , also known as the defense (or defence) industry , military industry , or the arms trade , is a global industry which manufactures and sells weapons and other military technology to a variety of customers, including the armed forces of states and civilian individuals and organizations. Products of the arms industry include weapons , munitions , weapons platforms , communications systems , and other electronics, and related equipment. The arms industry also provides defense-related services, such as logistical and operational support. As

5440-404: The satellites was the McDonnell Douglas 2914 Delta rocket . The satellites were launched from Cape Canaveral by the National Aeronautics and Space Administration under contract with COMSAT. In 1981 the Inmarsat took over from the Marisat system. The satellites were designed to be identical, with three communications payloads on board; an ultrahigh frequency UHF (240 to 400 MHz ) payload for

5520-507: The second half of the nineteenth century as a product of the creation and expansion of the first large military–industrial companies. As smaller countries and even newly industrializing countries like Russia and Japan could no longer produce cutting-edge military equipment with their Indigenous capacity-based resources, they increasingly began to contract the manufacturers of military equipment, such as battleships , artillery pieces and rifles to foreign government military entities. In 1854,

5600-509: The steepest year-on-year increase since 2009. SIPRI further found that the combined revenues of the top 100 largest defense companies totaled $ 597 billion in 2022, with the five largest companies by revenue being Lockheed Martin , RTX , Northrop Grumman , Boeing , and General Dynamics . SIPRI's data also showed that, between 2019 and 2023, the five largest arms exporting nations were the United States , France , Russia , China and Germany (taken together, they supplied approximately 75% of

5680-451: The total arms imports during the period. The top five arms importers – Saudi Arabia, India, Egypt, Australia, and Algeria – accounted for 35 percent of total arms imports in 2014–18. Of these, Saudi Arabia and India were among the top five importers in both 2009–13 and 2014–18. In 2014–18, the volume of major arms international transfers was 7.8 percent higher than in 2009–13 and 23 percent higher than that in 2004–08. The largest arms importer

5760-400: The underlying arms can be as low as zero in the case of military aid. Arms import rankings fluctuate heavily as countries enter and exit wars. Export data tend to be less volatile as exporters tend to be more technologically advanced and have stable production flows. 5-year moving averages present a much more accurate picture of import volume, free from yearly fluctuations. This is a list of

5840-502: The underlying arms can be as low as zero in the case of military aid. The following are estimates from Stockholm International Peace Research Institute . Overall global arms exports rose of about 6 per-cent in the last 5 years compared to the period 2010-2014 and increased by 20 per-cent since 2005–2009. Rankings for exporters below a billion dollars are less meaningful, as they can be swayed by single contracts. A much more accurate picture of export volume, free from yearly fluctuations,

5920-467: The war for earning their profits from weapons sales. An inquiry into these allegations in Britain failed to find evidence to support them. However, the sea change in attitude about war more generally meant that governments began to control and regulate the trade themselves. The volume of the arms trade greatly increased during the 20th century, and it began to be used as a political tool, especially during

6000-741: The world's arms exports during this period). In some regions of the world, there is a substantial trade in firearms for use by individuals (where such trade is legal, commonly cited purposes include self-defense and hunting/sporting). Trade in small arms , both legal and illegal, may be associated with violent crime and political instability . In 2017, the Small Arms Survey estimated that approximately one billion firearms were in global circulation; of those, 857 million (85%) were possessed by civilians, 133 million (13%) were possessed by national militaries, and 23 million (2%) belonged to law enforcement agencies. The Small Arms Survey also found that

6080-464: The world's largest arms manufacturers and other military service companies who profit the most from the war economy , their origin is shown as well. The information is based on a list published by the Stockholm International Peace Research Institute for 2022. Arms control refers to international restrictions upon the development, production, stockpiling, proliferation, and usage of small arms, conventional weapons, and weapons of mass destruction . It

6160-459: Was Saudi Arabia, importing arms primarily from the United States, United Kingdom, and France. Between 2009–13 and 2014–18, the flow of arms to the Middle East increased by 87 percent. Also including India, Egypt, Australia, and Algeria, the top five importers received 35 percent of the total arms imports, during 2014–18. The five largest exporters were the United States, Russia, France, Germany and China. The 2022 Russian invasion of Ukraine changed

6240-538: Was designed as a "gapfiller" to support the U.S. Navy. The U.S. Navy experienced a complete failure of TacSat-1 over the Pacific Ocean in December 1972. UHF channels on Lincoln Labs Experimental Satellite LES-6 were also being used over the Atlantic Ocean, but this satellite was expected to have an end-of-life (EOL) of September 1973. This left the U.S. Navy with a potential "gap" in UHF coverage for several years until

6320-602: 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

6400-493: 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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