Lockheed Martin Case Study

 Lockheed Martin 

 

Lockheed Martin is an international corporation that mainly produces military technology. They are famous for manufacturing weapons and vehicles such as: 


    • HMAR missile system 
    • Black Hawk helicopter 
    • SR-71 Blackbird 
    • F-16 fighter jets 
    • Juno space craft 


Lockheed Martin is the main supplier of weapons to NATO. 

 

Organisational structure 

Lockheed Martin operates in four different operations. 


    • Aeronautics 
    • Missile fire and control 
    • Rotary and mission systems 
    • Space 


All these branches have lead directors who report to CEO, James D. Taiclet. These directors control all 116,000 employees in more than 40 countries. Lockheed Martin is a very large organisation. 


Lockheed is a public limited company (PLC). This means that people can buy stocks in the company from the stock market. 


Main members 


    • James D. Taiclet – Chairman, CEO 
    • Daniel F. Akerson – Lead director 
    • David B. Burritt – Chief executive officer of US steel 
    • Jeh C. Johnson – Partner of Paul, Weiss, Rifkind, Wharton & Garrison LLP 


PESTEL analysis 


Political – Military invasion, corruption, political stability, taxation 

Economic – Exchange rates, education levels, labour costs, inflation 

Social – Class structure, demographics, entrepreneurial spirit, leisure interests 

Technological – Technological advance by competitors, product offering, technological diffusion, cost structure 

Environmental – Weather, climate change, environmental legislation, recycling 

Legal – DPA, anti-trust, copyright, discrimination law 

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