Lockheed Martin
Lockheed Martin is driven by its customers, it is a global enterprise that focuses on research, design, development, manufacture, and integration of advanced technology systems, products, and services for government and commercial customers. Lockheed Martin strives to meet the demands and expectations of its customers. Lockheed Martin is a leader when dealing with new systems—based possibilities and opportunities. According to Hoovers Online, the aerospace and defense industry is struggling to maintain profitability even before September 11 (Hoover’s Online, 2002). Furthermore these terrorist attacks have had a direct affect on the aerospace and defense industry, accelerating some trends, while reversing others. The defense market accounts for about 50% of the aerospace and defense industry’s sales in 2000, but it is anticipated to increase as a result of the war on terrorism. According to Hoover’s Online (2002), the president is proposing a 15% increase for the US department of Defense’s budget. This trend will benefit Lockheed Martin as well as other large companies that dominate the aerospace and defense market. In 2001 Lockheed beat out Boeing for the $200 billio
Business without ethics is not the kind of business we want to be in. Business with ethics improves, strengthens, and clarifies all we do. Ethics gives all our efforts a solid foundation and makes working at – and with – Lockheed Martin a pleasure. Helping the community will in turn help the government. An increasing portion of expenditures for defense is used for upgrading and modernizing existing equipment rather than acquisition of new equipment (Dyer, 1996). After over a decade of downward trends in the U.S. defense budget, the portion of the Federal budget devoted to defense is at one of its lowest levels in modern history. This is an area that Lockheed Martin can improve on and not only help their corporation, but get involved in the community and help out the economy as well (Dyer, 1996).
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Approximate Word count = 5475
Approximate Pages = 22 (250 words per page double spaced)
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