Lockheed Martin (LMT) develops, manufactures, and sells advanced technology products in aeronautics, defense, energy, and telecommunications among others. It was established after two major defense contractors merged in 1995. Since then, it has become one of t🌺he U.S. government's primary defense contractors.

The company has executed several major 澳洲幸运5官方开奖结果体彩网:mergers and acquisitions (M&A) throughout its history. These deals have allowed the company to expand its product offerings and market share globally. Below, we look at three of Lockheed Martin’s most important acquisitions. The company does not show how much profit or revenue each acquisition currently contributes.

Lockheed Martin: An Overview

As noted above, Lockheed Martin was formed in 1995 through the merger of defense contractors Lockheed Corporation and Martin Marietta Corporation. After the two com😼panies merged, the company strength🅷ened its position dramatically as one of the primary contractors of the U.S. Department of Defense (DoD) and other U.S. federal government agencies.

As a major military contractor for both U.S. and foreign governments, Lockheed Martin maintains over 350 facilities worldwide and has 122,000 employees. Headquartered in Bethesda, Maryland, Lockheed Martin org♓anizes its bu🍃siness into the following broad areas:

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

In 2023, Lockheed Martin reported $6.9 billion in net earnings on $67.57 billion in sales. As of November 2024, the company has a market capitalization of $123.60 billion.

Martin Marietta

• Type of Business: Aerospace, chemicals, and electronics
• Acquisition Price: More than $10 billion in common stock exchanged to complete the merger
• Date Purchased: March 15, 1995

The first deal on our list created the company now known as Lockheed Martin. In 1995, Lockheed and Martin Marietta merged to form a new, giant manufacturer of military hardware and services. The deal merged the second- and third-largest U.S. defense contractors into the world’s largest defense contractor, with annual sales of roughly $23 billion and 170,000 employees.

The merger created a company serving every one of the U.S. armed services. The merger was seen as crucial to the long-term survival of both companies. The end of the Cold War cut government demand for military hardware industry-wide by more than 50% during the 1990s.

Loral

• Type of Business: Military electronics and systems integration
• Acquisition Price: $9.1 billion
• Date Purchased: April 22, 1996

About a year after Lockheed and Martin Marietta merged, the newly created Lockheed Martin acquired the majority of military electronics company Loral for $9.1 billion. As part of the deal, Lockheed Martin bought Loral’s main military electronics business. Loral’s remaining businesses were spun off as Loral Space & Communications.

As with the merger of Lockheed and Martin Marietta, this deal was spurred by the end of the Cold War, when many defense companies were consolidating. The 澳洲幸运5官方开奖结果体彩网:Federal Trade Commission (FTC)determined that Lockheed Martin’s 澳洲幸运5官方开奖结果体彩网:acquisition of Loral constituted a violation of 澳洲幸运5官方开奖结果体彩网:antitrust laws, and the company settled.

Under the settlement, the company agreed to divest its systems engineering and technical services contract with the Federal Aviation Administration and to limit its activities in other key business areas.

Sikorsky Aircraft

• Type of Business: Defense and commercial aviation
• Acquisition Price: $9 billion
• Date Purchased: Nov. 6, 2015

One of Lockheed Martin’s recent acquisitions is helicopter manufacturer Sikorsky Aircraft. Sikorsky was founded as Sikorsky Manufacturing in 1925 by Igor Sikorsky, the legendary aviation pioneer known for developing the helicopter and other aircraft. Before Lockheed 🍒Martin’s acquisition, Sikors🎀ky was owned by United Technologies.

The acquisition was among Lockheed Martin’s largest, representing a strategic expansion into rotary-wing aircraft manufacturing for military and commercial customers. The deal 澳洲幸运5官方开奖结果体彩网:diversified Lockheed’s military aircraft offerings and provided the company with a 65% share of the U.S. military rotary-wing aircraft business, including the manufacture of the Black Hawk helicopter. As part of the acquisition, Sikorsky Aircraft was rebranded as Sikorsky, a Lockheed Martin Company.

The Bottom Line

Lockheed Martin is a global aerospace and defense company. It develops, manufactures, and sells aeronautics, defense, energy, and telecommunications products. The company has executed several mergers and acquisitions throughout its history. Three of its most important acquisitions are the Martin Marietta Corporation in 1995, the Loral Corporation in 1996, and Sikorsky Aircraft in 2015.