Lockheed Martin (NYSE: LMT) is an American global aerospace, defense, security, and advanced technology company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in Bethesda, Maryland, in the Washington Metropolitan Area. Lockheed Martin employs 123,000 people worldwide. Robert J. Stevens is the current Chairman and Chief Executive Officer. Lockheed Martin is one of the world's largest defense contractors; In 2009, 74% of Lockheed Martin's revenues came from military sales. It received 7.1% of the funds paid out by the Pentagon. Lockheed Martin operates in four business segments. These comprise, with respective percentages of 2009 total net sales of $45.2 billion, Aeronautics (27%), Electronic Systems (27%), Information Systems & Global Solutions (27%), and Space Systems (19%). In 2009 US Government contracts accounted for $38.4 billion (85%), foreign government contracts $5.8 billion (13%), and commercial and other contracts for $900 million (2%). In both 2009 and 2008 the company topped the list of US Federal Contractors. The company has received the Collier Trophy six times. Most recently (in 2001) for being part of developing the X-35/F-35B LiftFan Propulsion System, and again in 2006 for leading the team that developed the F-22 Raptor fighter jet. Lockheed Martin is currently developing the F-35 Lightning II. 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 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 the present L-3 Communications, a mid-size defense contractor in its own right. Lockheed Martin later spun off the materials company Martin Marietta Materials. Both companies contributed important products to the new portfolio.

Women of Color is a publication for today's career women in business and technology.

Women of Color is a publication for today's career women in business and technology.

Women of Color is a publication for today's career women in business and technology.

Women of Color is a publication for today's career women in business and technology.

The Boeing Vertol CH-46 Sea Knight is a medium-lift tandem rotor transport helicopter. It is used by the United States Marine Corps (USMC) to provide all-weather, day-or-night assault transport of combat troops, supplies and equipment. Additional tasks include combat support, search and rescue (SAR), support for forward refueling and rearming points, CASEVAC and Tactical Recovery of Aircraft and Personnel (TRAP). Canada also operated the Sea Knight, designated as CH-113, and operated them in the SAR role until 2004. Other export customers include Japan, Sweden, and Saudi Arabia. The commercial version is the BV 107-II, commonly referred to simply as the "Vertol". The Boeing CH-47 Chinook is an American twin-engine, tandem rotor heavy-lift helicopter. With a top speed of 170 knots (196 mph, 315 km/h) it is faster than contemporary utility and attack helicopters of the 1960s. The Sikorsky CH-53E Super Stallion is the largest and heaviest helicopter in the United States military. As the Sikorsky S-80 it was developed from the CH-53 Sea Stallion, mainly by adding a third engine, a seventh blade to the main rotor and canting the tail rotor 20 degrees. It was built by Sikorsky Aircraft for the United States Marine Corps. The less common MH-53E Sea Dragon fills the United States Navy's need for long range mine sweeping or Airborne Mine Countermeasures (AMCM) missions, and perform heavy-lift duties for the Navy. Under development is the CH-53K, which will be equipped with new engines, new composite rotor blades, and a wider cabin. The Bell Boeing V-22 Osprey is an American multi-mission, military, tiltrotor aircraft with both a vertical takeoff and landing (VTOL), and short takeoff and landing (STOL) capability. It is designed to combine the functionality of a conventional helicopter with the long-range, high-speed cruise performance of a turboprop aircraft. The V-22 originated from the United States Department of Defense Joint-service Vertical take-off/landing Experimenta

Women of Color is a publication for today's career women in business and technology.