Lockheed Martin Corporation : 100th F-35 On Lockheed Martin’s Production Line
January 31, 2013 at 01:56 am IST
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FORT WORTH, Texas, Jan. 30, 2013 - Assembly of the 100th Lockheed Martin [NYSE: LMT] F-35 Lightning II is well underway at the F-35 production facility here. F-35 technicians are in the final phase of building the wings that will be installed on the 100th aircraft known as AF-41. AF-41, a conventional takeoff and landing (CTOL) variant, is one of 88 F-35s in various stages of completion on Lockheed Martin production lines Fort Worth and Marietta, Ga., and supplier locations across the world. The jet will be delivered to the U.S. Air Force and is slated for pilot training at Luke Air Force Base, Ariz.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The Corporation's net sales for 2012 were $47.2 billion.
Lockheed Martin Corporation specializes in the design, manufacturing and marketing of aeronautic, submarine, and aerospace systems. Net sales break down by activity as follows:
- sale of aeronautic systems (40.7%): military and civilian aircraft, primarily for government organizations;
- sale of helicopters, mission and electronic systems (24%): military and commercial helicopters, ships, sea and land-based missile defense systems, radars, sensors, sea and air-based mission and combat systems, training systems, cyber solutions, command, control and communication systems, surveillance and reconnaissance systems, simulation and training systems, etc.;
- sales of aerospace systems (18.7%): satellite systems, missile systems and space transport systems;
- sale of air defense and fire control systems (16.6%): air and missile defense systems, tactical missiles, precision strike weapons systems, fire control systems, etc. The group also offers support services for mission operations, preparation, technical support, integration services, etc.
Net sales break down by source of income into sales of products (83.3%) and services (16.7%).
Net sales are distributed geographically as follows: the United States (74.3%), Europe (9.5%), Asia/Pacific (8.3%), Middle East (5.8%) and other (2.1%).