Lockheed Martin Corporation | LMCO 7
Lockheed Martin began in 1912, when its founder, Glenn L. Martin, created the Glenn L. Martin Company in Los Angeles, California. He created his first plane on a rented church, of all places, and was inspired and urged on by Orville Wright, one-half of the famous Wright brothers.
During the very same year, talented mechanics Allan and Malcolm Lockheed set up a shop from their own garage, constructed seaplanes, and created the Alco Hydro-Aeroplane Company, which later became the Lockheed Aircraft Company. These two companies merged in 1995 to form what is Lockheed Martin today – a company with interests in aerospace, defense, and security technology.
Its headquarters is located in Bethesda, Maryland. And with more than 116,000 employees worldwide, the company is considered as one of the largest defense contractors in the world.
Lockheed is divided into 5 business units, namely, Aeronautics, Information Systems & Global Solutions, Missile and Fire Control, Mission Systems and Training, and Space Systems. Most of its revenues come from the US government, but it also accepts foreign government and commercial contracts. In 2008, it has received $36 billion worth of government contracts. It works with a host of government agencies, such as the Department of Defense and Department of Energy. It is also involved in surveillance work with the CIA, NSA, and the Pentagon.
Enthusiasts from an aerospace community of flight hobbyists named Flite Test has recently developed the first ever successful drone helicarrier from which another drone can easily take off and with more appropriation can even land on it. They published this video on their Facebook page on 4th November 2014 showcasing their developed technology. However this […]
Lockheed Martin’s Skunk Works division is developing a fusion reactor that is small enough to go on an airplane, yet powerful enough to power a warship or space station. They are calling it the Compact Fusion Reactor, or the CFR. They believe they will test a CFR design in less than a year. If Lockheed […]
There is a new long range strike bomber being developed by the US Air Force. The aircraft program is under wraps to the extent that the Pentagon did not even admit that there is a program at all until recently, let alone giving out details about the project. A spokeswoman with the US Air Force […]
History The US Air Force and the Pentagon have been pursuing their drone development program since 1995, the most prominent drone series being the Predator series (A, B & C). Today, it is a full-fledged operation. One of the latest projects now being pursued is the US Air Force’s RQ-170 Sentinel Drone, manufactured by Lockheed […]
EXACTO is an acronym for Extreme Accuracy Tasked Ordnance, a remote weapons guidance system which is being developed by the Defense Advanced Research Projects Agency (DARPA), which is a branch of the Pentagon. The EXACTO system is designed to assist snipers working under extreme conditions in the field. EXACTO and Snipers No matter how skilled […]
The PAK FA T-50 is in an entirely new league of fighter aircraft. PAK FA is short for Perspektivny Aviatsionny Kompleks Frontovoy Aviatsii. When translated into English, it means “Prospective Airborne Complex of Frontline Aviation” or “Future Air Complex – Tactical Air Forces”. It is being developed by Russia to be a fifth generation stealth fighter […]
Where did the Ground Combat Vehicle come from and what is it? In 2009, the US Army announced its intention to “significantly restructure” it’s Future Combat System” (FCS). This was formally announced by the Secretary of Defense, Robert Gates. The FCS was a program being developed since the year 2000. It was to be a […]