Lockheed Martin is a major American defense contractor known for its work and investment in four main business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
The business as it currently exists formed in 1995 when the Lockheed Corporation and Martin Marietta merged. Today, Lockheed Martin is the world’s largest defense contractor, with approximately half of its business related to the United States Department of Defense. Lockheed Martin is also a contractor with two other U.S. government agencies: the Department of Energy and NASA. It is also one of the biggest businesses in the country: in 2019, the company ranked at 57 on the Fortune 500, with $59.8 billion in annual revenue and 110,000 employees worldwide.
If you are considering a job with Lockheed Martin, learn what you should keep in mind regarding background checks, hiring during the COVID-19 pandemic, and other employment factors.