Lockheed Martin

Next one in the list of the largest manufacturing companies is Lockheed Martin. The Lockheed Martin firm is a multinational aerospace, armaments, military, information security, and technology firm headquartered in the United States. In March 1995, Lockheed Corporation merged with Martin Marietta to become the company. Its headquarters are in North Bethesda, Maryland, near Washington, D.C. Lockheed Martin is one of the world's largest aerospace, military support, security, and technology corporations. In fiscal year 2014, it was the world's largest defense contractor in terms of revenue.

Lockheed Martin is now a multinational security and aerospace firm specializing in the research, design, development, manufacture, integration, and maintenance of high technology systems, products, and services. Lockheed Martin has locations all around the world, but its involvement in Dallas-Fort Worth dates back more than 75 years. Employees from four business areas now provide various technologies and support globally. Lockheed Martin activities in Texas generate an estimated 75,000 direct and indirect jobs, with an annual economic effect of more than $1 billion.

Because of the quality of its business and the systematic generation of wealth through providing a constant return on capital over its cost of capital, the company has outperformed all major American indices. Factors such as the firm's excellent balance sheet, robust cash flow creation, and active shareholder pay policies have enabled the company to raise its value far faster than the typical market growth. In terms of the company's strategy, it is vital to highlight that Lockheed does not want to drastically modify its business, but rather to continue operating in the niches that constitute the majority of its operations. Lockheed Martin blends its focus on developing outstanding products in its specialty with an active shareholder reward program.

Founded: 1995
Headquarters: Maryland, USA
Website: https://www.lockheedmartin.com/