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Capstone Essay

2564 words - 11 pages

Capstone Lockheed Martin
Strayer University Maitland campus
Business Administration Capstone
BUS 499
Prof. David Repp
March 11, 2014

Lockheed Martin is an American global security defense, aerospace and advance information Technology Company that was establish in 1912 by Glenn Luther Martin. Martin believed that the future would be in technology and the harvesting of that technology. Lockheed approximately operates 572 facilities nationally and 75 facilities internationally employing about 115,000 people worldwide. Lockheed employees are constantly engaging in research, design, development, manufacture, integration and sustainment of advanced technology systems, products and ...view middle of the document...

Lockheed Martin innovate strategy can be categorized as a radical innovative style. This particular innovative strategy provides significant technological breakthroughs and creates new knowledge, increasing their growth and revenue through risk. Recognized for their radical innovation The U.S. Department of Defense and the U.S. federal government agencies have contracted Lockheed to design several aircrafts along with software geared to their specific needs. With revenues amounting to $255 million dollars for guided MLRS rockets to $698.9 million from the U.S. Naval services to modify their Littoral combat fleet. The U.S. military is Lockheed’s major source of income. Moreover they are currently the largest provider of IT services, systems integration, and training to the U.S. Government. The remaining portions of the company’s technology are sold to international governments and corporation seeking the latest technological products and services. The sale revenues from the international government and corporations make up the minority portion of Lockheed revenues. The international revenues amounts to $96 million dollars for support contracted from the U.K. Apache fire control systems to $___________________ from the ____________ (Lockheed Martin, 2013).
Lockheed overall success is attributed to several factors. The first one is ______. The second is the undying need to become the global leader in support to their customer by strengthening global security, and delivering services that are vital to society through technological advances. Last but not least is the overall impact that they had on the primary stakeholder’s success. In March of 2013 Lockheed release their annual stakeholder’s ___________. According to their SEC filings Lockheed was able to return approximately $2,342 million dollars in cash dividends and stock repurchases through effective cash management to their stakeholders. In 2012, their dividends were increased by 15 percent, marking the tenth year in a row that they had increased dividends by double-digit percentage. Enabling them to provided better total returns to their stakeholders. Frankly Lockheed Total stakeholders return of 20 percent outperformed the S&P Aerospace and Defense Index which was 15 percent at the time and the S&P 500 Index was only 16 percent (NASDAQ, 2013).
Five Forces of competition that impact Lockheed

Threat of new entrants
Entry barriers are generally hurdles that determine how easily a firm can enter an industry. The higher the hurdle the higher the industry profitability will be, assuming there isn’t a capacity surplus in the industry (Ireland, Hoskisson, & Hitt, 2013, p. 48). Even thought a new entrants threat pose issues for most company they don’t for Lockheed. In reference to Lockheed this particular industry is designed to block out this force. The block isn’t established by Lockheed themselves but by Governmental regulations, Capital requirement and customer...

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