Lockheed Martin 2008 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2008 Lockheed Martin annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

LOCKHEED MARTIN CORPORATION 2008 ANNUAL REPORT
3
146,000 dedicated and supremely talented
individuals, we work to strengthen the
national defense; safeguard the homeland;
and provide critical systems and services
for the civilian agencies of the federal
government.
As a company entrusted with these
missions, Lockheed Martin is more than a
leading systems integrator and aerospace
company – it is a national asset. We view
Lockheed Martin as a critical resource, not
only because of this enterprise’s service to
the national security of the United States
and its allies, but also in the contributions
this company makes to the economy in
terms of jobs and job creation.
Remaining competitive and able to shape
the game in a changing industry requires
that our management team encourages
innovation at every level. Lockheed
Martin’s entrepreneurial edge has been a
key differentiator in this industry. In 2008,
our Advanced Development Programs, the
famed Skunk Works, was recognized for its
65 years of service in peacetime and in war
with the National Medal of Technology
and Innovation presented by the president
of the United States.
Global Security At The Leading Edge
Lockheed Martin’s technology edge is the
result of our efforts to conduct research
in areas that can bring new products and
advancements to the market. Some of the
breathtaking achievements we saw in 2008
are ensuring Lockheed Martin can and will
build for future growth.
In October, Lockheed Martin established
its Center for Cyber Security Innovation
(CCSI), which will deliver our cyber
security solutions across the company
to benefi t our customers long-term.
Lockheed Martin’s cyber security experts
apply real-time protection for customer
networks across a diverse set of defense,
intelligence, and civilian agencies.
Missile defense remains an important
priority for the United States and its
allies. In February, our Aegis ballistic
missile defense system destroyed an
errant satellite, preventing an uncontrolled
and unpredictable re-entry into Earth’s
atmosphere.
On the surface of Mars, the Lockheed
Martin-built Phoenix Lander has
broadened our understanding of this
mysterious planet. We continue to
partner with NASA, at the forefront of
interplanetary science, as the designer and
builder of the next space vehicle that will
investigate current and past climate change
on Mars.
Our F-35 Lightning II combat aircraft
continued to meet important milestones
in 2008, and we are confi dent our fi rst
production deliveries to the U.S. Air Force
will be achieved in 2010. Among the
achievements of the F-35 last year were
successful aerial re-fueling trials, the fi rst
fl ight of the short-takeoff/vertical landing
(STOVL) variant, and the fi rst supersonic
fl ight. The Norwegian and Dutch
ministries of defense also selected the F-35
as their next-generation fi ghter aircraft.