Lockheed Martin 2010 Annual Report Download - page 6

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4
testing of the STOVL aircraft from the Conventional Takeoff
and Landing and Carrier variants in order to address
performance and schedule issues. The Secretary has set a two-
year probationary period for STOVL, and we are committed to
meeting the Secretary’s expectations. We recognize that there
are three main areas of this program that require our attention:
lowering development risks; improving momentum in the flight
test program to demonstrate the airplane’s superior capabilities;
and accelerating production.
The U.S. Navy’s first Littoral Combat Ship, the USS Freedom,
was deployed in February 2010. Our second ship, the future
USS Fort Worth, was christened and launched in December.
Also in December, the U.S. Navy awarded the Lockheed
Martin-led industry team one of two contracts to construct up to
ten additional Littoral Combat Ships. Other accomplishments in
2010 include:
• The U.S. Special Operations Command awarded us a contract
to provide comprehensive logistics support to forces
deployed worldwide.
• We launched the first Advanced Extremely High Frequency
(AEHF) satellite that will provide our armed services with
highly protected global communications. We are currently
under contract to provide three more AEHF satellites and the
mission control segment to the U.S. Air Force.
• We completed the Critical Design Review for the next-
generation Global Positioning System (GPS III) two months
ahead of schedule.
• We processed and delivered 2010 U.S. Census data from more
than 165 million forms on time and within budget.
• The Federal Aviation Administration (FAA) selected us to
lead the modernization of the en route portion of its National
Airspace System. This will be the foundation of the FAA’s
next-generation programs.
• Tests in 2010 proved key missile defense technologies. A
Lockheed Martin-built system, installed aboard an aircraft,
aimed a high-energy laser beam on a boosting ballistic
missile, destroying the target; and our Aegis Ballistic Missile
Defense System, deployed on a Japanese destroyer,
intercepted a ballistic missile target above the atmosphere.
• We delivered the first production C-5M Super Galaxy in a
major modernization program. This aircraft is the only
strategic transport capable of flying directly from the United
States to any area of operations without refueling.
Our ongoing efforts to win business from a mix of global
customers led to a number of significant new orders
internationally in 2010.
Israel, Kuwait, Oman, and Republic of Korea booked orders for
C-130J airlifters; Finland ordered our airborne surveillance
system; Vietnam ordered their second commercial
communications satellite, VINASAT-2; and the Australian Tax
Office selected Lockheed Martin to provide computing
hardware, services, and support. These wins will help us meet
our goal of expanding international business to 20 percent of
annual revenue over the next several years.
Corporate Citizenship
Lockheed Martin is dedicated to exemplary corporate
citizenship and the highest standards of ethical conduct. Our
employees volunteered 1.2 million hours in 2010 in their
communities, the sixth consecutive year that the people of
Lockheed Martin have volunteered more than a million hours of
service. These qualities in a Corporation