Firm Research

In: Business and Management

Submitted By Kisha
Words 1209
Pages 5
1. Describe the firm (who they are and what they do) and the amount of business they do with the federal government.
The firm I chose that does business with the federal government is Lockheed Martin. Lockheed Martin is an American global aerospace, defense, security, and advanced technology company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in Bethesda, Maryland, in the Washington Metropolitan Area. Lockheed Martin employs 140,000 people worldwide. Robert J. Stevens is the current Chairman and Chief Executive Officer. Lockheed Martin is one of the world's largest defense contractors. In 2009, 74% of Lockheed Martin's revenues came from military sales. It received 7.1% of the funds paid out by the Pentagon. The company has received the Collier Trophy six times. They most recently received the award in 2001 for being part of developing the X-35/F-35B Lift Fan Propulsion System, and again in 2006 for leading the team that developed the F-22 Raptor fighter jet. (http://en.wikipedia.org/wiki/Lockheed_Martin)

Lockheed Martin does a lot of business with the government. They have several contracts that they pursue and perform for the government. Lockheed Martin is active in many aspects of government contracting. Lockheed Martin received $36 billion in government contracts in 2008 alone, more than any company in history. It now does work for more than two dozen government agencies from the Department of Defense and the Department of Energy to the Department of Agriculture and the Environmental Protection Agency. It's involved in surveillance and information processing for the CIA, the FBI, the Internal Revenue Service (IRS), the National Security Agency (NSA), the Pentagon, the Census Bureau and the Postal Service.

2. Discuss the required actions that enable your selected…...

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