Lockheed Martin Corporation: Aerospace and Defense Company Profile, SWOT & Financial Report by ICDResearch

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									Lockheed Martin Corporation

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Lockheed Martin Corporation                                               Financial Snapshot

                                                                          Operating Performance
Fast Facts
                                      6801 Rockledge Drive, Bethesda,     The company reported revenue of US$46,499.00
Headquarters Address
                                      20817,United States of America      million during the fiscal year 2011 (2011). The
                                                                          company's revenue grew at a CAGR of 2.66% during
Telephone                             + 1 301 8976000
                                                                          2007–2011, with an annual growth of 1.81% over
                                                                          2010. In 2011, the company recorded an operating
Fax                                   + 1 301 8976919                     margin of 8.56%, as against 8.87% in 2010.

Website                               www.lockheedmartin.com
                                                                          Revenue and Margins
Ticker Symbol, Stock Exchange         LMT, New York Stock Exchange

Number of Employees                   126,000

Fiscal Year End                       December

Revenue (in US$ million)              46,499.00




SWOT Analysis

Strengths                             Weaknesses                          Return on Equity

High order backlog                    High indebtedness                   The company recorded a return on equity (ROE) of
                                                                          265.23% for the fiscal year 2011, as compared to its
                                                                          peers, The Boeing Company (Ticker: BA), Northrop
Leading position in the defense market Legal proceedings                  Grumman Corporation (Ticker: NOC) and General
                                                                          Dynamics Corporation (Ticker: GD), which recorded
Wide range of business operations                                         ROEs of 114.31%, 20.49% and 19.09% respectively.
                                                                          Furthermore, the company reported an operating
                                                                          margin of 8.56% in 2011.
Opportunities                         Threats

New contracts                         Decline in US defense expenditure   Return on Equity


New mission support center            Government contract compliance

Strategic acquisitions                Rising labor wages

Strategic acquisitions                Stringent regulations

Strategic growth initiatives




                                                                          Liquidity Position

                                                                          The company reported a current ratio of 1.16 in 2011,
                                                                          as compared to its peers, The Boeing Company,
                                                                          Northrop Grumman Corporation and General
                                                                          Dynamics Corporation, which recorded current ratios
                                                                          of 1.21, 1.26 and 1.38 respectively. As of December
                                                                          2011, the company recorded cash and short-term
                                                                          investments of worth US$3,585.00 million, against
                                                                          zero current debt. The company reported a debt to
                                                                          equity ratio of 6.45 in 2011 as compared to its peers,
                                                                          The     Boeing     Company,     Northrop    Grumman
                                                                          Corporation and General Dynamics Corporation,
                                                                          which recorded debt to equity ratios of 3.52, 0.38 and
                                                                          0.30 respectively.




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Lockheed Martin Corporation - SWOT Profile                                                                        Page 1
Lockheed Martin Corporation

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................7
2     Analysis of Key Performance Indicators ............................................................................................. 10
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ........................................10
    2.2       Key Financial Performance Indicators .................................................................................................................13
      2.2.1       Revenue and Operating Profit .........................................................................................................................13
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................14
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................15
      2.2.4       Operational Efficiency ......................................................................................................................................16
      2.2.5       Solvency ..........................................................................................................................................................17
      2.2.6       Valuation ..........................................................................................................................................................18
    2.3       Competitive Benchmarking ..................................................................................................................................19
      2.3.1       Market Capitalization .......................................................................................................................................19
      2.3.2       Efficiency ..........................................................................................................................................................20
      2.3.3       Capital Expenditure ..........................................................................................................................................21
      2.3.4       Valuation ..........................................................................................................................................................22
      2.3.5       Turnover – Inventory and Asset .......................................................................................................................23
      2.3.6       Liquidity ............................................................................................................................................................24
3     Mergers & Acquisitions and Partnerships ........................................................................................... 25
    3.1       M&A and Partnerships Strategy ...........................................................................................................................25
4     Recent Developments ........................................................................................................................... 35
5     SWOT Analysis ...................................................................................................................................... 37
    5.1       SWOT Analysis - Overview ..................................................................................................................................37
    5.2       Strengths ..............................................................................................................................................................37
    5.3       Weaknesses .........................................................................................................................................................37
    5.4       Opportunities ........................................................................................................................................................38
    5.5       Threats .................................................................................................................................................................39
6     History .................................................................................................................................................... 41
7     Key Employees ...................................................................................................................................... 44
8     Key Employee Biographies................................................................................................................... 46
9     Locations and Subsidiaries ...................................................................
								
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