Lockheed Martin 2015 Annual Report Download - page 6

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Lockheed Martin Corporation IV
KƵƌ^ƉĂĐĞ&ĞŶĐĞƌĂĚĂƌƉƌŽĚƵĐƚŝŽŶĂŶĚĨĂĐŝůŝƚLJ
construction is well underway following successful
ĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƉƌŽŐƌĂŵ͛ƐƌŝƚŝĐĂůĞƐŝŐŶZĞǀŝĞǁ
ůĞĚďLJƚŚĞh͘^͘ŝƌ&ŽƌĐĞ͘tŚĞŶŽƉĞƌĂƚŝŽŶĂů͕ƚŚĞ
ƐLJƐƚĞŵ͛ƐĂĚǀĂŶĐĞĚŐƌŽƵŶĚͲďĂƐĞĚƌĂĚĂƌǁŝůůĚĞƚĞĐƚ͕
ĐĂƚĂůŽŐĂŶĚŵĞĂƐƵƌĞŵŽƌĞƚŚĂŶϮϬϬ͕ϬϬϬŽďũĞĐƚƐ
ŝŶĂƌƚŚ͛ƐŽƌďŝƚͶĂϭϬͲĨŽůĚŝŶĐƌĞĂƐĞŽǀĞƌǁŚĂƚŝƐ
ĐƵƌƌĞŶƚůLJƚƌĂĐŬĞĚ͘
/ŶKĐƚŽďĞƌ͕ŽƵƌŽŵŵĞƌĐŝĂů>ĂƵŶĐŚ^ĞƌǀŝĐĞƐďƵƐŝŶĞƐƐ
ůĂƵŶĐŚĞĚĂŶƚůĂƐsƌŽĐŬĞƚĐĂƌƌLJŝŶŐƚŚĞDŽƌĞůŽƐͲϯ
ƐĂƚĞůůŝƚĞĨŽƌDĞdžŝĐŽ͛ƐDŝŶŝƐƚƌLJŽĨŽŵŵƵŶŝĐĂƚŝŽŶƐ
ĂŶĚdƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ŽƵƌĨŝƌƐƚƐĂƚĞůůŝƚĞĨŽƌƚŚŝƐ
ŝŶƚĞƌŶĂƚŝŽŶĂůĐƵƐƚŽŵĞƌ͘
dŚĞƚŚŝƌĚĂŶĚĨŽƵƌƚŚDŽďŝůĞhƐĞƌKďũĞĐƚŝǀĞ^LJƐƚĞŵ
;DhK^ͿƐĞĐƵƌĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐƐĂƚĞůůŝƚĞƐ͕ďƵŝůƚďLJ
>ŽĐŬŚĞĞĚDĂƌƚŝŶĨŽƌƚŚĞh͘^͘EĂǀLJ͕ǁĞƌĞƐƵĐĐĞƐƐĨƵůůLJ
ůĂƵŶĐŚĞĚƚŚŝƐLJĞĂƌĨƌŽŵĂƉĞĂŶĂǀĞƌĂůŝƌ&ŽƌĐĞ
^ƚĂƚŝŽŶ͕&ůŽƌŝĚĂ͕ĂďŽĂƌĚƚůĂƐsƌŽĐŬĞƚƐ͘tĞĂƌĞ
ƉƌĞƉĂƌŝŶŐƚŽůĂƵŶĐŚDhK^Ͳϱ͕ĂŶŽŶͲŽƌďŝƚƐƉĂƌĞ͕ŝŶ
ϮϬϭϲ͕ĐŽŵƉůĞƚŝŶŐƚŚŝƐŝŵƉŽƌƚĂŶƚĐŽŶƐƚĞůůĂƚŝŽŶ͘
POSITIONING FOR THE FUTURE
ĐƌŽƐƐƚŚĞŽƌƉŽƌĂƚŝŽŶ͕ǁĞĂƌĞŝŵƉƌŽǀŝŶŐŽƵƌ
ŽƉĞƌĂƚŝŽŶƐƚŽŵĂdžŝŵŝnjĞŐƌŽǁƚŚ͕ƌĞĚƵĐĞĐŽƐƚƐĂŶĚ
ďĞƚƚĞƌŵĞĞƚƚŚĞŶĞĞĚƐŽĨŽƵƌĐƵƐƚŽŵĞƌƐ͘ƐǁĞ
ƉůĂŶĨŽƌŽƵƌĨƵƚƵƌĞĂŶĚŝŵƉƌŽǀĞƚŚĞĞĨĨŝĐŝĞŶĐLJŽĨ
ŽƵƌŽƉĞƌĂƚŝŽŶƐ͕ǁĞŝŶǀĞƐƚĞĚΨϵϯϵŵŝůůŝŽŶŝŶĐĂƉŝƚĂů
ĞdžƉĞŶĚŝƚƵƌĞƐŝŶϮϬϭϱ͘tĞĐŽŶƚŝŶƵĞĚƚŽŝŶǀĞƐƚŝŶ
ŝŶŶŽǀĂƚŝŽŶ͕ǁŚŝůĞƉƵƌƐƵŝŶŐŝŶƚĞƌŶĂƚŝŽŶĂůŐƌŽǁƚŚ
ĂŶĚĚƌŝǀŝŶŐĂĨĨŽƌĚĂďŝůŝƚLJͶĚĞĐŝƐŝǀĞĂĐƚŝŽŶƐƚŚĂƚǁŝůů
ƉŽƐŝƚŝŽŶ>ŽĐŬŚĞĞĚDĂƌƚŝŶĨŽƌĐŽŶƚŝŶƵĞĚƐƵĐĐĞƐƐ͘
Innovation with Purpose:ƚ>ŽĐŬŚĞĞĚDĂƌƚŝŶ͕
ǁĞĂƌĞĐŽŵŵŝƚƚĞĚƚŽƐŽůǀŝŶŐĞŶĚƵƌŝŶŐĂŶĚ
ĞŵĞƌŐŝŶŐŐůŽďĂůĐŚĂůůĞŶŐĞƐ͘dŚĞƐĞĞĨĨŽƌƚƐƌĞƋƵŝƌĞ
ŵŽƌĞƚŚĂŶũƵƐƚƚŚĞĞĨĨĞĐƚŝǀĞƵƐĞŽĨĐƵƌƌĞŶƚ
ƚĞĐŚŶŽůŽŐŝĞƐ͕ƚŚĞLJƌĞƋƵŝƌĞŝŶŶŽǀĂƚŝǀĞƐŽůƵƚŝŽŶƐ
ĂŶĚďƌĞĂŬƚŚƌŽƵŐŚĚĞƐŝŐŶƐ͕ƐƵƉƉŽƌƚĞĚďLJƐƵƐƚĂŝŶĞĚ
ŝŶǀĞƐƚŵĞŶƚŝŶƌĞƐĞĂƌĐŚĂŶĚĚĞǀĞůŽƉŵĞŶƚ͘dŚĂƚ͛Ɛ
why we increased our independent research and
ĚĞǀĞůŽƉŵĞŶƚĨƵŶĚŝŶŐĨŽƌƚŚĞĨŽƵƌƚŚĐŽŶƐĞĐƵƚŝǀĞ
LJĞĂƌ͕ŝŶǀĞƐƚŝŶŐΨϴϯϵŵŝůůŝŽŶŝŶϮϬϭϱ͘
/ŶϮϬϭϱ͕>ŽĐŬŚĞĞĚDĂƌƚŝŶƐĐŝĞŶƚŝƐƚƐĂŶĚĞŶŐŝŶĞĞƌƐ
ĂĚǀĂŶĐĞĚƐĞǀĞƌĂůŬĞLJƚĞĐŚŶŽůŽŐŝĞƐ͕ŝŶĐůƵĚŝŶŐ͗
Directed Energy:>ĂƐƚDĂƌĐŚ͕ǁĞĂŶŶŽƵŶĐĞĚƚŚĂƚŽƵƌ
ϯϬͲŬŝůŽǁĂƚƚĨŝďĞƌůĂƐĞƌǁĞĂƉŽŶƐLJƐƚĞŵƐƵĐĐĞƐƐĨƵůůLJ
ĚŝƐĂďůĞĚƚŚĞĞŶŐŝŶĞŽĨĂƚƌƵĐŬĚƵƌŝŶŐĂĨŝĞůĚƚĞƐƚ͕
ĚĞŵŽŶƐƚƌĂƚŝŶŐƚŚĞƌĂƉŝĚůLJĞǀŽůǀŝŶŐƉƌĞĐŝƐŝŽŶ
ĐĂƉĂďŝůŝƚLJƚŽƉƌŽƚĞĐƚŵŝůŝƚĂƌLJĨŽƌĐĞƐĂŶĚĐƌŝƚŝĐĂů
ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͘dŚĞĚǀĂŶĐĞĚdĞƐƚ,ŝŐŚŶĞƌŐLJƐƐĞƚ
;d,EͿƉƌŽƚŽƚLJƉĞƐLJƐƚĞŵďƵƌŶĞĚƚŚƌŽƵŐŚƚŚĞ
ĞŶŐŝŶĞ͛ƐŵĂŶŝĨŽůĚŝŶĂŵĂƚƚĞƌŽĨƐĞĐŽŶĚƐĨƌŽŵŵŽƌĞ
ƚŚĂŶĂŵŝůĞĂǁĂLJ͘/ŶĞĐĞŵďĞƌ͕ǁĞĚĞƉůŽLJĞĚƚŚĞ
ƐLJƐƚĞŵƚŽtŚŝƚĞ^ĂŶĚƐDŝƐƐŝůĞZĂŶŐĞ͕ĚĞŵŽŶƐƚƌĂƚŝŶŐ
ĐŽŶƚŝŶƵŽƵƐĨŝƌĞ͕ĨƵůůLJŝŶƚĞŐƌĂƚĞĚƉŽǁĞƌĂŶĚĐŽŽůŝŶŐ
ƐLJƐƚĞŵƐ͕ĂŶĚƚŚĞĂďŝůŝƚLJƚŽƐŚŽŽƚĚŽǁŶƐŵĂůů
ƵŶŵĂŶŶĞĚĂĞƌŝĂůǀĞŚŝĐůĞƐĂƚĞǀĞŶŐƌĞĂƚĞƌƌĂŶŐĞƐ͘
Autonomy / Robotics: Lockheed Martin has
ĚĞǀĞůŽƉĞĚĂƉŽƌƚĨŽůŝŽŽĨƐLJƐƚĞŵƐĨŽƌƵŶŵĂŶŶĞĚ
Ăŝƌ͕ŐƌŽƵŶĚĂŶĚƵŶĚĞƌƐĞĂĂƵƚŽŶŽŵŽƵƐŽƉĞƌĂƚŝŽŶƐ͘
&ŽƌĞdžĂŵƉůĞ͕ŽƵƌƵŶŵĂŶŶĞĚ<ͲDyŚĞůŝĐŽƉƚĞƌ͕
ĚĞǀĞůŽƉĞĚŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚ<ĂŵĂŶĞƌŽƐƉĂĐĞ͕
ƐƵĐĐĞƐƐĨƵůůLJůŝĨƚĞĚĂŶĚĚƌŽƉƉĞĚŵŽƌĞƚŚĂŶϯϬ͕ϬϬϬ
pounds of water in one hour during firefighting
ĚĞŵŽŶƐƚƌĂƚŝŽŶƐůĂƐƚĨĂůů͘/ŶĂŶŽƚŚĞƌĚĞŵŽ͕ŽƵƌ
^ƚĂůŬĞƌyƵŶŵĂŶŶĞĚĂĞƌŝĂůƐLJƐƚĞŵƉƌŽǀŝĚĞĚ
ŐĞŽůŽĐĂƚŝŽŶŝŶĨŽƌŵĂƚŝŽŶƚŽĚŝƌĞĐƚƚŚĞ<ͲDyƚŽ
ŚŽƚƐƉŽƚƐƐŽŝƚĐŽƵůĚĞdžƚŝŶŐƵŝƐŚƚŚĞĨŝƌĞƐ͘
Hybrid Airships:/ŶϮϬϭϱ͕>ŽĐŬŚĞĞĚDĂƌƚŝŶ
ĂŶŶŽƵŶĐĞĚĂƐƚƌĂƚĞŐŝĐĂůůŝĂŶĐĞǁŝƚŚ,LJďƌŝĚ
ŶƚĞƌƉƌŝƐĞƐŽĨƚůĂŶƚĂĂƐƚŚĞĞdžĐůƵƐŝǀĞǁŽƌůĚǁŝĚĞ
ƌĞƐĞůůĞƌŽĨŽƵƌ,LJďƌŝĚŝƌƐŚŝƉ͘dŚĞƐĞŝŶŶŽǀĂƚŝǀĞ
ĂŝƌƐŚŝƉƐĞŶĂďůĞĂĐĐĞƐƐǀŝƌƚƵĂůůLJĂŶLJǁŚĞƌĞŝŶĂǁŝĚĞ
ƌĂŶŐĞŽĨǁĞĂƚŚĞƌĐŽŶĚŝƚŝŽŶƐ͕ǁŝƚŚŽƵƚƌĞƋƵŝƌŝŶŐ
ĨŽƌǁĂƌĚŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƌŵĂŶƉŽǁĞƌ͘/ŶEŽǀĞŵďĞƌ͕
ƚŚĞ&ĞĚĞƌĂůǀŝĂƚŝŽŶĚŵŝŶŝƐƚƌĂƚŝŽŶĂƉƉƌŽǀĞĚ
>ŽĐŬŚĞĞĚDĂƌƚŝŶ͛ƐƉƌŽũĞĐƚƐƉĞĐŝĨŝĐĐĞƌƚŝĨŝĐĂƚŝŽŶƉůĂŶ
ĨŽƌƚŚĞ,LJďƌŝĚŝƌƐŚŝƉ͕ǁŚŝĐŚǁŝůůĂůůŽǁŝƚƚŽƐĂĨĞůLJ
ŽƉĞƌĂƚĞŝŶĂĐŽŵŵĞƌĐŝĂůĐĂƉĂĐŝƚLJ͘
International Growth: As part of our growth
ƐƚƌĂƚĞŐLJ͕ǁĞĐŽŶƚŝŶƵĞĚƚŽĞdžƉĂŶĚŽƵƌďƵƐŝŶĞƐƐ
ŽƵƚƐŝĚĞŽĨƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐ͕ǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌ
ϮϭƉĞƌĐĞŶƚŽĨ>ŽĐŬŚĞĞĚDĂƌƚŝŶ͛ƐƚŽƚĂůƐĂůĞƐŝŶϮϬϭϱ͘
ƐǁĞƉƵƌƐƵĞĂĚĚŝƚŝŽŶĂůŝŶƚĞƌŶĂƚŝŽŶĂůŐƌŽǁƚŚ͕ǁĞ
ĞdžƉĞĐƚƚŽƌĞĂĐŚϮϱƉĞƌĐĞŶƚŝŶƚĞƌŶĂƚŝŽŶĂůƐĂůĞƐŝŶƚŚĞ
ĐŽŵŝŶŐLJĞĂƌƐ͘
dŽĞŶĂďůĞƚŚĂƚŐƌŽǁƚŚ͕ǁĞŚĂǀĞĨŽĐƵƐĞĚŽŶ
ĚĞǀĞůŽƉŝŶŐƉĂƌƚŶĞƌƐŚŝƉƐŝŶŬĞLJƌĞŐŝŽŶƐƚŽƐƵƉƉŽƌƚ
ƚŚĞƵŶŝƋƵĞĞĐŽŶŽŵŝĐĂŶĚƐĞĐƵƌŝƚLJŽďũĞĐƚŝǀĞƐŽĨŽƵƌ
ĐƵƐƚŽŵĞƌƐ͘dŚĞƐĞƉĂƌƚŶĞƌƐŚŝƉƐŚĂǀĞĂĚĚĞĚǀĂůƵĞ
ĨŽƌŽƵƌĐƵƐƚŽŵĞƌƐĂŶĚƐĞĐƵƌĞĚďƵƐŝŶĞƐƐĨŽƌƚŚĞ
ŽƌƉŽƌĂƚŝŽŶ͘
&ŽƌĞdžĂŵƉůĞ͕>ŽĐŬŚĞĞĚDĂƌƚŝŶǁĂƐĂǁĂƌĚĞĚĂŶ
ŝŶŝƚŝĂůƐĞǀĞŶͲLJĞĂƌ͕ĂƉƉƌŽdžŝŵĂƚĞůLJΨϳϱϬŵŝůůŝŽŶ
ĐŽŶƚƌĂĐƚƚŽƚƌĂŝŶƚŚĞŶĞdžƚŐĞŶĞƌĂƚŝŽŶŽĨƵƐƚƌĂůŝĂŶ
ĞĨĞŶĐĞ&ŽƌĐĞƉŝůŽƚƐ͘tĞǁŝůůƉĂƌƚŶĞƌǁŝƚŚƵƐƚƌĂůŝĂ
ƚŽĚĞůŝǀĞƌĂĐŽŵƉƌĞŚĞŶƐŝǀĞƚƌĂŝŶŝŶŐƐŽůƵƚŝŽŶ
ĐƵƐƚŽŵŝnjĞĚƚŽƉƌŽǀŝĚĞƚŚĞĐĂƉĂďŝůŝƚLJƚŚĞLJŶĞĞĚƚŽ