Compose a 1250 words assignment on lockheed martin. Needs to be plagiarism free! There was a great risk involved in building a new aircraft in a rented place but the faith of Glenn L. Martin in himself made him able to build a new unique and innovative aircraft. After the successful building of this aircraft, he then started his Glenn L. Martin Company (Lockheed Martin).

In December 1912, right after four months, Alco Hydro-Aeroplane Company was formed by two partners Allan and Malcolm Lockheed. This company was also involved in designing and building aircraft. Later the company was renamed Lockheed Aircraft Company. After some time the company renamed Martin Marietta (Lockheed Martin).

Lockheed Martin was formed by the merger of Lockheed Martin and Martin Marietta in 1995. The companies merge by announcing $10 billion. Both companies shared their important products and technologies for the new portfolio of Lockheed Martin Corporation. Lockheed Martina acquired the defense electronics and system integration businesses of Loral Corporation for $9.1 billion in 1996 (Lockheed Martin).

BACKGROUND

Lockheed Martin is a global leader in proving aeronautics and defense security services. The company has a presence in more than 75 countries. The headquarters of the company is situated in Bethesda, Maryland in the Washington Metropolitan Area. The company has partnerships with more than 300 industry players all around the world. It employs around 120,000 people worldwide including 80,000 scientists, engineers, and IT professionals (Lockheed Martin).

The company engaged in providing superior services to its customers. They provide a diverse range of services according to their customers’ requirements. The company involved in the businesses of building aircraft and missiles for defense, commercial satellites, and IT solutions.

According to the list of federal contracts, Lockheed Martin placed first among the hundred top most government contractors in 2010 (Washington Technology). It is also one of the largest defense contractors. Its revenue was 74% of military sales in 2009. The net sales of the corporation were $46.5 billion in 2011. In 2009, the corporation’s total sales were $45.2 billion which is generated from 27% of Aeronautics, 27% from electronic systems, 27% from IT & GS, and 19% from space technology (Lockheed Martin).&nbsp. &nbsp.