Lockheed Martin Named Top-Performing Company By Aviation Week
BETHESDA, Md., 07/21/2010 --
For an unprecedented third year in a row, Lockheed Martin [NYSE: LMT] was named Top-Performing Company in the "Revenues Greater than $20 Billion" category by AVIATION WEEK. Companies were rated in several categories that relate to operational excellence in program management, budget and schedule discipline, risk management, fair-price acquisitions, scale and common process, supplier innovation and operational excellence.
The award was presented to Lockheed Martin by AVIATION WEEK's President Tom Henricks and Senior Business Editor Joseph C. Anselmo during a ceremony today at the Farnborough International Airshow, Farnborough, England.
"On behalf of Bob Stevens, our Chairman & CEO, we are honored to receive this recognition. To receive it for the third year in a row is particularly gratifying," said Lockheed Martin Aeronautics Executive Vice President Ralph Heath. "This is a true testament to our employees who work hard to ensure that we create and deliver the most innovative solutions to meet the challenges our customers are confronted with worldwide. We do this work along with our industry partners, globally, and they share this award along with our 136,000 employees."
Launched in 1996, AVIATION WEEK's highly regarded Top-Performing Companies study identifies relative strengths and weaknesses in Aerospace & Defense companies' operational performance and evaluates how well they are executing business strategies. Proprietary metrics have been refined over the past 14 years with input from industry leaders to include scores in four equally weighted performance categories: return on invested capital, earnings momentum, asset management, and financial health. The data and rankings are a frequently cited industry baseline for determining which companies are likely to flourish and those that are still vulnerable.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 136,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2009 sales of $45.2 billion.