Lockheed Martin 2007 Annual Report Download - page 6

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LOCKHEED MARTIN CORPORATION 2007 ANNUAL REPORT
4
● We conducted three successful tests of the
Trident II D5 Fleet Ballistic Missile for the U.S.
Navy, setting a new record of 120 consecutive
successful test launches since 1989 – an
achievement unmatched by any other large
ballistic missile or space launch vehicle.
Despite the fact that the vast majority of our
over 3,000 programs continue to perform for our
customers fl awlessly, on-cost and on-time, there are a
handful of programs in which we are working closely
with our customers to resolve technical, schedule, or
cost pressures. Our entire management team is working
diligently to bring those programs back on track. It is a
top priority as we go into 2008.
OUR PEOPLE: TALENTED AND DEDICATED
Our 140,000 employees continue to represent
the brightest in the industry, unmatched by their
dedication and talent. They deliver value every day
to the people we serve. The men and women of
Lockheed Martin not only excel on the job, but in their
communities as well. In 2007, our employees logged
1.3 million volunteer hours in endeavors as diverse as
mentoring in our schools, and working with the USO
by sending care packages to our troops overseas.
As a Corporation that recognizes the inherent
value of strong leadership, we are developing the next
generation of leaders. In 2007, Lockheed Martin was
ranked in Fortune as among the 20 U.S. corporations
having the best leadership development programs.
We made some leadership changes in 2007
by appointing Bruce Tanner as our Executive Vice
President and Chief Financial Offi cer, and appointing
Chris Kubasik as Executive Vice President for
Electronic Systems, succeeding Robert Coutts who is
retiring. Also in 2007, Linda Gooden was appointed
Executive Vice President of our Information Systems &
Global Services business area. Bruce, Chris, and Linda
bring the energy, expertise, and tireless dedication to
excellence that make them the full-spectrum leaders we
demand at every level of this Corporation.
Our goals are straightforward: We want
Lockheed Martin to remain the career destination
for talented men and women. Our people are, and
will continue to be, this Corporation’s most precious
resource. We are accomplishing that through the
creation of a challenging, collaborative environment
where rewarding career opportunities are developed.
We have built a diverse workplace where ideas are
freely shared and appreciated.