Lockheed Martin 2010 Annual Report Download - page 7

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5
and its people are vital to attracting the next generation of
leaders.
We are pleased that our company is receiving recognition from
industry observers. For the third consecutive year Aviation Week
named Lockheed Martin as the top performing aerospace and
defense company with revenues greater than $20 billion. We
also earned a spot on Newsweek’s ranking of the most
environmentally friendly companies, receiving the fourth
highest Green Score among U.S. transport and aerospace
companies.
The Way Forward:
Leadership and Achievement
We have laid the groundwork for Lockheed Martin to grow and
remain competitive. The path forward will not be easy and
future success will demand attention to several crucial factors:
• The Core: We must astutely manage our core business and
retain a strong well-aligned portfolio.
• Cash: Continued robust cash generation will give this
company the flexibility to respond to changing business
conditions and to assess growth opportunities.
• Customers: Building and maintaining solid relationships with
our customers is critical to success. A commitment to our
customers’ missions will ensure that Lockheed Martin stays
an industry leader in 2011 and the years to come.
• Costs: The cost of doing business and the allocation of every
dollar will require careful scrutiny. We owe it to our
customers to cut costs and deliver value in every program.
• Congress: We are eager to work with the new Congress and
engage in a dialogue about the security challenges facing
America and the world.
• Leadership: These imperatives can only be accomplished with
firm and insightful leadership. Our leaders must deliver
constant achievement and results; and that means no
compromises on performance or integrity. We can never lose
sight of the fact that our products and services must operate
flawlessly – our customers depend on it, in many cases with
their lives. Developing leaders and advancing a leadership
culture at Lockheed Martin is absolutely necessary for this
company to succeed.
As we lead this company through a rapidly changing business
environment in 2011 and beyond, only excellence will suffice.
Our customers, shareholders, employees, and our country and
our allies, should expect nothing less. We will deliver the best
because our customers and shareholders deserve it, and our
employees are uniquely capable and proud to serve the cause of
freedom and progress worldwide.
February 24, 2011
Robert J. Stevens
Chairman and Chief Executive Officer