LMT - Lockheed Martin
Lockheed Martin (NYSE:LMT) traces its roots back to 1910 when the Loughead brothers and Glen L. Martin, who were considered among the first aviation pioneers, got together and formed their own aircraft companies in California.
About 10 years later Loughead has its name changed to Lockheed, and Martin merged with the company owned by the Wright Brothers on a short-term basis. Years later in 1995 Lockheed Corporation merged with Martin Marietta Corporation to become Lockeed Martin.
The company has evolved to become a global leader in Aerospace, Defense
and Global Security.
A couple of major acquisitions in 2009 included Universal Systems & Technology, Inc. and Gyrocam Systems LLC. Universal has as its core business 3-D weapons simulations and optical surveillance systems. Gyrocom focuses on gyrostabilized optical surveillance systems and sustainment field services.
Lockheed Martin is looking for acquisitions in 2010 and beyond in intelligence surveillance, cybersecurity, logistics support and energy security.
They generated $42.7 billion in revenue in 2008 and has a large backlog of orders worth about $80.9 billion.
The company is based in Bethesda, Maryland.
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