Lockheed Martin Case Study

Great Essays
Lockheed Martin’s board of directors is currently comprised of 12 members who come from various backgrounds of business and management experience. The members of the board as listed on Lockheed Martin’s website are Daniel F. Akerson, Nolan D. Archibald, Rosalind G. Brewer, David B. Burritt, Bruce A. Carlson, James O. Ellis, Jr., Thomas J. Falk, Marillyn A. Hewson, Gwendolyn S. King, James M. Loy, Joseph W. Ralston, and Anne Stevens. However, board members change frequently due to ethical issues, financial irresponsibility’s, or simply retirement. The current board of directors for Lockheed Martin has a vast range of tenure that stretches from just over a year to as long as 21 years of experience as a board director. Currently on the board: Daniel F. Akerson …show more content…
For example, according to their website Lockheed Martin has seven committees: Audit which has Daniel F. Akerson, David B. Burritt, James O. Ellis, Jr., and Thomas J. Falk; Classified business & security which has Daniel F. Akerson, Bruce A. Carlson, James O. Ellis, Jr., James M. Loy, and Joseph W. Ralston; Ethics & Sustainability which has Rosalind G. Brewer, Gwendolyn S. King, James M. Loy, Joseph W. Ralston, and Anne Stevens; Executive which has Daniel F. Akerson, Nolan D. Archibald, James O. Ellis, Jr., Thomas J. Falk, Marillyn A. Hewson, James M. Loy, and Joseph W. Ralson; Management Development & Compensation which has Daniel F. Akerson, Nolan D. Archibald, Rosalind G. Brewer, David B. Burritt, and Thomas J. Falk; Nominating & Corporate Governance which has Nolan D. Archibald, Rosalind G. Brewer, Bruce A. Carlson, Thomas J. Falk, Gwendolyn S. King, and Anne Stevens; and Strategic Affairs which has Nolan D. Archibald, David B. Burritt, James O. Ellis, Jr., James M. Loy, Joseph W. Ralston, and Anne Stevens. Clearly the board of directors for Lockheed Martin are extremely busy with keeping their company as profitable as

Related Documents

  • Improved Essays

    Boeing is an Amercian multinational cooperation that offers aircraft and product support services (Boeing: The Boeing company, no date). Being in the aircraft business involves a lot of risk unless someone is not careful and decisions are not made through careful and accurate analysis. They need to be on top of their game at all times ensuring safety of passengers and to uphold a good reputation to be able to be successful in the industry, in the long run. Risk comes in a number of different ways and are often unexpected. Risk management is fundamental to all business activities.…

    • 862 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    1. What is the military Industrial Complex? The Military Industrial Complex term emerged officially during president Dwight D. Eisenhower farewell address when he referred to the relationship among the armament industry, the US army and the US Congress. These political and monetary relationship have evolved through the years and some Analysts believe that the Military Industrial terminology started when the government needed the private industry’s help to build steam ships during the civil war and it became stronger after the WWII due to the necessity of private capital for the development of technology to build sophisticated armaments to strength military force for the country’s defense in order to keep power and world leadership.…

    • 752 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Due to the dual-share structure, founding family Bombardier and Beaudoin family have managed to keep control of the firm. According to company’s disclosure, as of March 3 2014, the Bombardier family controlled…

    • 124 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    Skyworks Solutions (SWKS) delivered strong results for the fourth quarter. Skyworks delivered revenue of $880.8 million, beating the analyst estimates, and showing a growth of 23% from the previous year’s revenue of $718.2 million. The main reason behind the increased revenue is the rise in use of Skyworks products for the technology advancements within Media Services, Internet use, and Mobile connectivity. A closer look at the metrics Moving ahead, the Non-GAAP gross profit for the quarter went up to $440.1 million from $329.6 million for the fourth quarter, 2014.…

    • 486 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Swot Analysis Of Aacp

    • 630 Words
    • 3 Pages

    The president, president-elect, treasurer, recording secretary, and member at large are part of the executive committee The five executive committee, 11 Regional Directors,…

    • 630 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Introduction The American company Lockheed Martin is a global, defense, aerospace, security and advanced technologies with worldwide interests. Lockheed martin was founded in March 1995. headquartered in Bethesda, Maryland, in the Washington, DC. Marillyn Hewson is the current President and Chief Executive Officer .my research is on the magnificent marillyn hewson and how she contributed to put the first stones on some of the powerful aircrafts and fighters. My goal is to empower her place in the world and show what women are capable off by writing this essay which I used our college library for amoung some other web sites .…

    • 124 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    I decided to call in the main office to find out about if the government body is elected or appointed and I was informed that the board of directors are elected. They each have overlapping four year terms. Board of directors are: John L. Varela, Richard Santos, Tony Estremera, Gary Kremen, Barbara Keegan, Nai Hsueh…

    • 541 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Over time, Northrop Grumman has restated their commitment to hiring and retaining a diverse workforce and promoting women and people of color to mid-level and senior-level management. However, there has been nominal progress in these efforts, except for reported percentages of women and people of color in senior-level management positions. At the same time, participation in their Employee Resource Groups has declined. Women and people of color have reported in numerous studies that leadership development programs and access to strong mentors are important to them.…

    • 219 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    The primary role of the Defense Contract Management Agency (DCMA) is to oversee the administration of defense contracts, dispatch quality assurance reports and audit/monitor subcontracting plans. DCMA consistently plays program supportability roles throughout different DOD acquisition programs. Although, in the DOD medical acquisition community use USAMRAA (US Army Medical Research Acquisition Activity) for contracting support, we can use the DCMA capability to integrate information from different functional specialties. It can also help integrate data from other Contract Administrative Service (CAS) capabilities to support cross-functional analysis and reporting at the program level. Supporting DOD Program managers is also a critical component…

    • 324 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    In regards to leadership, the Sony Corporation forms its framework of corporate governance into two sections: Supervision and Management. The Supervision section is comprised of the Board of Directors and the three committees of Nominating, Compensation, and Auditing. The Board and the committees create corporate and business level strategies that the management section enforces among their subordinates. The board and committees also elect the officials within the management section, electing only those they deem capable to handle the responsibilities of their position and dedicated to the company’s cause and ideas. Due to the fact that the Board and committee members are independent, the members of the management section within the corporate…

    • 1050 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Doing so, they may notice rewarding vicissitudes, while the negative will require administrative action. Over the past 40 years, Lockheed Martin has dealt with numerous changes. Despite the changes, Lockheed has accepted the challenges and overcome them. First, Lockheed had ethical issues with the Total Package Pricing, the merger with Martin Marietta, and in 2012, Rob Wile explains Lockheed took action to terminate their incoming CEO for an inappropriate relationship with a subordinate employee. While Terris (2005) credits Lockheed’s senior leadership for completing dozens of ethic modules yearly, there needs to be further involvement from senior leaders and the ethics officers overall.…

    • 1268 Words
    • 6 Pages
    Great Essays
  • Great Essays

    Lockheed Martin Corporation SEC 10-K Paper Introduction This paper will analyze the financial statements of Lockheed Martin Corporation for the fiscal years 2015 and 2014. Lockheed Martin Corporation is a Fortune 500 company, currently at number 60 (Lockheed Martin) that is a global security and aerospace company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services (Who We Are). The customer base for Lockheed Martin Corporation is primarily with the U.S. Department of Defense and U.S. federal government agencies.…

    • 1653 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    Currently the world witnesses a very dynamic, aircraft manufacturing industry, which invests billions and billions in its projects, due to tough market competitors. In order to achieve their goal and objectives, any project requires an efficient management. However, due to a diversity of issues, goals are not always achieved nor targets are met. During the 21st century, the aircraft manufacturing industry was leaded in the world by two major’s commercial jet manufacturers, namely Boeing and Airbus.…

    • 2435 Words
    • 10 Pages
    Improved Essays
  • Great Essays

    It is well known that corporate governance has been defined as “the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies, including setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship.” (Financial Reporting Council, UK Corporate Governance Code) Leadership and Board Effectiveness According to the recent annual report, Diageo has been in compliance with The UK Corporate Governance Code which was published by the Financial Reporting Council in September 2014 until 30 June 2016. In this year, Diageo has 13 board members in total and 5 of them are women.…

    • 1440 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    The Japanese government set minimum requirements to establish corporate governance in the international companies stating that minimum two of the members of BoD should be from outside and independent7. In accordance with this Toshiba considers hiring half of the directors from outside2. The actions taken by the government and by Toshiba are useful in establishing an independent BoD. Besides this the management of Toshiba should be selected so that these members are capable of their positions (e.g the audit committee).…

    • 853 Words
    • 4 Pages
    Improved Essays