Lockheed Martin 2003 Annual Report Download - page 6

Financial performance and portfolio shaping are only part of the picture; Lockheed Martin consistently
works to be a trusted and valued partner with our customers in the United States and worldwide.
Consequently, last year we registered some impressive operational achievements:
■In 2003, the F/A-22 team continued to address avionics stability challenges, operational testing began
on schedule, high quality aircraft are being delivered, and the team continues to make solid progress
in the transition from development to production.
■In 2003, Lockheed Martin saw a resurgence in its space business with 11 new launches awarded and
orders placed for five new commercial satellites.
■The Patriot Advanced Capability (PAC-3) missile, the world’s first operational weapon system to
employ hit-to-kill technology, made its operational debut during Operation Iraqi Freedom, defending
troops and installations against ballistic missile threats.
■We recorded two successful launches of our Atlas V in 2003. In all, there have been 68 consecutive suc-
cessful Atlas launches. NASA also selected the Atlas V to launch the first space probe to Pluto in 2006.
■The F-35 Joint Strike Fighter successfully completed its Preliminary Design Review and is proceeding
toward the Design Integration Maturity Review this spring and the Critical Design Review in 2005.
■The Spitzer Space Telescope we built for NASA was launched and began providing extraordinary
infrared images of the universe.
■The U.S. Air Force gave operational certification to the stealthy Joint Air to Surface Standoff Missile.
■We received a vote of confidence from the U.S. Air Force and Marine Corps for the C-130J airlifter,
which was reflected in a multi-year acquisition of 60 aircraft.
We reorganized our business areas last year to better address the changing and increasingly complex
needs of our defense customers, especially in the critical area of Information Superiority.
By creating a new business area, Integrated Systems & Solutions, we are leveraging technical
expertise across the breadth of Lockheed Martin to address our customers’ requirements for highly
integrated, networked solutions. Integrated Systems & Solutions provides customers with the benefit
of focused collaboration for solutions that are technically sound, cost effective, and that enhance
operational performance.
As part of this effort, we are creating the Global Vision Network to enable collaboration among cus-
tomers and Lockheed Martin. The central node of this high-bandwidth engineering network is the Global
Vision Integration Center in Suffolk, Virginia, which will lead our development, simulation and analysis
of network-centric solutions for the Department of Defense and other national security customers.
Without the people of Lockheed Martin, the achievements of the past year would not have been possible.
We are proud of the men and women who bring a passion for invention to their work each and every day.
Our efforts to recruit and retain the best people continue apace. A diverse and talented workforce is
fundamentally important to our future competitiveness. Also fundamental to this corporation are the values
that inspire our management team. Ethics is not simply an add-on to our management strategy; it is inherent
in the Lockheed Martin culture through regular training at all levels of the organization. We also apply
these principles to meeting the highest standards of corporate governance and transparency in our financial
disclosure practices.
LM21 represents the commitment of all our employees to Operating Excellence and is based on the two
pillars of superior development processes (and process improvement), and lean manufacturing techniques.
4 — LOCKHEED MARTIN ANNUAL REPORT 2003