Lockheed Martin Ranks 57 on 2020 Fortune 500 List (2024)

The F-35 Joint Program Office awarded the Lockheed Martin industry team a $1.9 billion contract to support operations and sustainment of the global F-35 fleet, while improving mission readiness and further reducing costs. The annual contract funds critical sustainment activities for aircraft currently in the fleet and builds enterprise capacity to support the future fleet of more than 3,000 F-35 aircraft. The F-35 also hit two important milestones recently. Lockheed Martin delivered the 500^th F-35 and the F-35 enterprise surpassed 250,000 flight hours.

The U.S. Army awarded Lockheed Martin a $1.15 billion contract for Guided Multiple Launch Rocket Systems (GMLRS) production and support equipment. GMLRS is an all-weather rocket designed for fast deployment that delivers precision strike beyond the reach of most conventional weapons. The MLRS Family of Munitions (MFOM) includes a variety of precision-strike rockets and missiles, with on-going evolutionary development to meet the needs of the warfighter. These combat-proven low-cost, low-risk rounds greatly reduce collateral damage and provide tremendous capability and flexibility in addressing today’s threats.

Lockheed Martin is honored the U.S. Army selected its game changing X2 Technology for the next phases of both the Future Long-Range Assault Aircraft (FLRAA) and Future Attack Reconnaissance Aircraft (FARA) programs. In February, U.S. Senator Tammy Duckworth and Secretary of the Army Ryan McCarthy witnessed our progress for future vertical lift firsthand in a flight demonstration in West Palm Beach, Florida. Future Vertical Lift is one of the Army’s top modernization priorities, and Lockheed Martin’s team at Sikorsky is ready to meet the challenge.

Lockheed Martin Space recognized an important milestone recently. The first national security satellite under the U.S. Space Force, in partnership with Space and Missile Center Systems and United Launch Alliance (ULA), launched on March 26. This is the sixth Lockheed Martin-built Advanced Extremely High Frequency (AEHF-6) satellite. AEHF-6 successfully separated from its ULA Atlas V 551 rocket approximately five hours and 45 minutes after launch and is now responding to commands from ground control. The satellite is part of the protected communications network providing global, survivable, protected communications capabilities for national leaders and tactical warfighters operating across ground, sea and air platforms.

Lockheed Martin’s leadership and COVID-19 relief efforts don’t stop there. Across the country, the corporation has produced and donated more than 30,000 protective gowns and 25,000 face shields at more than 70 locations to support frontline medical workers. Lockheed Martin’s core values (do what’s right, respect others and perform with excellence) are guiding employees across the country. The corporation in partnership with food service providers are donating more than 44,000 meals to the needy in local communities surrounding eight Lockheed Martin locations.

Where other companies are slowing or even halting their recruiting,Lockheed Martinhas hired over 3,400 employees across the United States since the COVID-19 crisis began. The corporation is on track with its plan to hire 12,000 employees by the end of 2020.As an industry leader, Lockheed Martin recognizes that providing jobs during this period of economic downturn is critically important to mission continuity. As the world navigates the challenges of this global crisis, Lockheed Martin will continue to deliver on commitments to its customers, support job creation and help those in need wherever it operates.