Lockheed Martin
Christopher Benson
Dr. Leslee N. Higgins
Financial Analysis Project
Accounting 6130 Financial Accounting
Part I: Introduction
This is a report on Lockheed Martin, Inc. I will, from hereon, refer to Lockheed as the company. The annual report on which this report is based was filed with the SEC on Feb 28, 2005. The report is for the fiscal year 2004. In the company's own words, "Throughout this form 10-K, we incorporate by reference, information from parts of other documents filed with the Securities and Exchange Commission". I selected Lockheed Martin Inc for this project because I think it is a great American company. Also, it has a manufacturing plant here in Marietta, in the state of Georgia, providing employment for our residents.
Lockheed Martin operates in five principal business areas: Aeronautics, Electronic Systems, Space Systems, Integrated Systems & Solutions, and Information & Technology Services (I&TS). The company generates some 81% of its revenues from its "Combat Aircraft" business units. The "Combat Aircraft" business unit designs, develops, produces and provides systems support for fighter/attack aircraft. Lockheed's major fighter/attack aircraft programs include:
F-16 "Fighting Falcon" a low-cost, multi-role fighter F-35 "Joint Strike Fighter" the next generation, stealth multi-role fighter F/A-22"Rapter" an air dominance, attack and multi-mission Stealth fighter F-2 "Japanese combat aircraft C-27J "Medium transport and support aircraft
Lockheed researches, delivers and supports military aircraft for the United States government and other governments around the world. In light of this, it is safe to say that the American government is its main customer and the world as a whole is its market. For instance, Lockheed is the main contractor on the F-16 "Fighting Falcon" and continues to provide upgrades for the U.S Air Force and other countries including Canada, the U.K and Australia
Dr. Leslee N. Higgins
Financial Analysis Project
Accounting 6130 Financial Accounting
Part I: Introduction
This is a report on Lockheed Martin, Inc. I will, from hereon, refer to Lockheed as the company. The annual report on which this report is based was filed with the SEC on Feb 28, 2005. The report is for the fiscal year 2004. In the company's own words, "Throughout this form 10-K, we incorporate by reference, information from parts of other documents filed with the Securities and Exchange Commission". I selected Lockheed Martin Inc for this project because I think it is a great American company. Also, it has a manufacturing plant here in Marietta, in the state of Georgia, providing employment for our residents.
Lockheed Martin operates in five principal business areas: Aeronautics, Electronic Systems, Space Systems, Integrated Systems & Solutions, and Information & Technology Services (I&TS). The company generates some 81% of its revenues from its "Combat Aircraft" business units. The "Combat Aircraft" business unit designs, develops, produces and provides systems support for fighter/attack aircraft. Lockheed's major fighter/attack aircraft programs include:
F-16 "Fighting Falcon" a low-cost, multi-role fighter F-35 "Joint Strike Fighter" the next generation, stealth multi-role fighter F/A-22"Rapter" an air dominance, attack and multi-mission Stealth fighter F-2 "Japanese combat aircraft C-27J "Medium transport and support aircraft
Lockheed researches, delivers and supports military aircraft for the United States government and other governments around the world. In light of this, it is safe to say that the American government is its main customer and the world as a whole is its market. For instance, Lockheed is the main contractor on the F-16 "Fighting Falcon" and continues to provide upgrades for the U.S Air Force and other countries including Canada, the U.K and Australia