1) Lockheed Martin was formed through the merger of Lockheed Corporation and Martin Marietta in 1995.
2) Some of Lockheed's most famous aircraft include the U-2 spy plane from the Cold War, the SR-71 Blackbird strategic reconnaissance jet, and the stealth F-117 Nighthawk fighter.
3) While the F-35 Lightning II program has faced criticism over costs, it also represents Lockheed's largest contract and will provide the company with work developing cutting-edge fighter jets for many allied nations over the coming decades.
3. Lockheed Vega - 1927
First aircraft built by Lockheed
Known for being “rugged” and long range
Maximum Speed: 185 mph (298 km/h)
Range: 725 mi (1,165 km)
Service Ceiling: 15,000 ft (4,570 m)
4. Lockheed U-2 "Dragon Lady“ - 1955
Used by CIA and USAF during Cold War for reconnaissance
Only two planes shot down
Maximum Speed: 500 mph (805 km/h)
Range: 6,405 mi (10,300 km)
Service Ceiling: 70,000+ ft (21,300+ m)
5. Lockheed SR-71 “Blackbird” - 1964
Long range strategic reconnaissance aircraft used by USAF
Holds world record for fastest airplane since 1976!
Maximum Speed: 2,200+ mph (3,540+ km/h)
Range: 3,355 miles (5,400 km)
Service Ceiling: 85,000 ft (25,900 m)
6. Lockheed F-117 “Nighthawk” - 1981
First “stealth” aircraft ever built
Only one shot down over Yugoslavia
Maximum Speed: 617 mph (993 km/h)
Range: 1,069 miles (1,720 km)
Service Ceiling: 45,000 ft (13,716 m)
7. Financials
Trading at $197.2 per share
Total Revenue over the last 3 years stable
Net income has gone up over the years
8. What’s HOT?
Lockheed Martin F-35 Lightning II
New 5th generation of fighter jets
Has VTOL (vertical take off and landing) capability
10. Secret Sauce
Lockheed Skunk Works
Literally “Secret”
Tasked with working on highly classified projects
Responsible for developing the U-2, SR-71,
F-117, and F-35
11. Story
F-35 Lightning II program receives harsh criticism
Strained relations between Pentagon and Lockheed Martin
Accused gouging prices and not focusing on long-term future of the program
Relationship with government “worst I’ve ever seen” – F35 program manager
“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.“ – Lt. Gen.
Christopher Bogdan in 2013
13. Future
Looks Good!
Financial data shows stability and steady incline
F-35 Lightning II contract is a huge win besides the flaws
Get to develop fifth generation fighter jets used by America
Many allied nations have placed orders for F-35s
F-35s will be the most cutting edge fighter jets for decades to come