Lockheed Martin X-35

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    new budget I have created with a budget cut of $1 billion. I have cut my budget of $200 billion to $199 billion by cutting $57 million from the military, $22 million from food and agriculture, $14 million from transportation, and lastly $7 million from energy and environment. Each one of these cuts were made strategically, with a logical reasoning behind them. Within the military budget, I have cut $57 million. A majority of this cut comes from the cancelling of the F-35 Joint Strike Fighter program. The F-35 Joint Strike Fighter program was established to work on a high level defense plane, The F-35 Lightning. The project is expected to cost $1.5 trillion over a span of 55 years (Ehley 2). By canceling this program, the United States could cut roughly 37 million dollars from the total federal budget. I have decided to cut it because currently within the project, the airplane has faced multiple issues with its engine and also has never been used in combat. In addition, there are further alternatives to the F-35 Lightning, including other advanced planes such as the F-16 and F/A-18 (Ehley 3). Also in the military sector, my budget calls for another cut of $20 million. The plan proposed to allow this cut is bringing in…

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    Lockheed Martin Skunk

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    Shashwat Gulati The presentation given on Friday was by Ben Marchionna, who is a Research Engineer for Lockheed Martin Skunk Works in California. His background includes upholding a comprehensive portfolio of advanced research and development projects on programs including sixth generation fighters, unmanned aerial vehicles, hypersonic weapon systems, and other classified intentions. As part of his selection into the Lockheed Martin Engineering Development Program, he completed a 2-year…

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    Rather than diving into an operations analysis on Lockheed Martin’s F-35 production line blindly, our team will perform background research on modern industrial engineering aspects that affect the line. By doing so, our team will gain some insight as to what influences this production system and what subject areas to focus on. This will give us a different perspective on the space demands of the F-35 at full rate production. In this portion of the report, two separate articles will be discussed…

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    mission planning and post-mission debriefings. They are standard for the Air Force and used by other fleets (Butler, 2013). With the introduction of the Joint Strike Fighter program, the F-35 will replace several aircraft currently operational with the Air Force, Navy and the Marine Corps. Handling the logistics support of this large scale fighter program across service branches is no easy task and the manufacturer, Lockheed Martin Corporation, introduced Autonomic Logistics Information System…

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    Lockheed Martin Corporation has circa 126,000 employees worldwide and operates in four major busi-ness segments: Aeronautics, Mission and Fire Control, Rotary and Mission Systems & Trainings, and Space Systems (Lockheed Martin Corporation, 2015b). In 2015 the business segment Aeronautics, which includes research, development, production, support and integration services of advanced military aircraft had a turnover of circa 15.5 billion U.S. dollars. The Missiles and Fire Control segment, which…

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    Raytheon Technical Service Corporation, one of the largest government contracting companies, provides information technology (IT) solutions and weaponry to the Depart of Defense (DoD). Due to the contractual requirements and over so changing pace of the United States Army, Raytheon requires employees to always be available or connected. This results in late night phone calls and email transmission requesting support or the need of other render services, which the army requires. These…

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    Lockheed Martin was founded in 1995 and provides engineering, design, IT, and defense services to mostly government clients. Lockheed identifies 5 business segments: “Aeronautics, Information Systems and Global Solutions (IS&GS), Missiles and Fire Control (MFC), Mission Systems and Training (MST), and Space Systems.” Lockheed states they organize their business segments based on products and services provided by each segment. Provided below is a summary of 2014 segment revenues and expenses. To…

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    . This mission statement displays a sense that Lockheed Martin cares about their customers and feels responsible for their well-being. Additionally, Lockheed Martin presents a perfect example of “globalization” by not putting a constraint of a specific area of the world that they intend to operate; instead Lockheed Martin states that they plan to help and keep their customers safe. All of what Lockheed Martin has promised can only be accomplished through the use of innovation. I believe that…

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    when a non-U.S. government customer’s payment schedule, for any proposal valued over USD $1M, does not provide a Positive Cash Flow, Lockheed Martin must receive either a standby or documentary LC in the corporation’s favor. Otherwise, the business area must request a waiver of the TOI through the Trade Finance Senior Manager, based upon approval of the negative cash position by the business unit’s finance executive. According to the policy, a Positive Cash Flow is achieved when the program cash…

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    Lockheed derived 78% of their total net sales from the U.S. Government in 2015, including 58% from the Department of Defense (DoD). They expect to continue to derive most of their sales from work performed under U.S. Government contracts. One of the factors that Lockheed Martin sales are driven by is the downward pressure from the effects of U.S. Government budget reductions; primarily in its services businesses (Lockheed Annual Report, 2015). U.S. defense spends have fallen and as a result, the…

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