Lockheed Martin Corporate Strategic Decisions Regarding...

Lockheed Martin Corporate Summary Lockheed Martin is a global security, aerospace and information technology company. Lockheed Martin originated on March 15, 1995 as the result of the horizontal merger of two similarly sized companies, Lockheed Corporation and Martin Marietta. The merger created one of the largest aerospace and defense companies in the world. Norman R. Augustine, the chairman and CEO of Martin Marietta needed to make crucial strategic decisions regarding the future of his company. He knew that the company must either expand or start dropping some of its bulk in order to remain viable in the post-Cold War marketplace. He decided on expansion and was in the process of negotiating to purchase Grumman, when he was contacted by Daniel M. Tellep, CEO of Lockheed. Tellep proposed a merger of their companies. Augustine accepted the proposal and walked away from the Grumman deal. Lockheed Martin’s web site states that its operating units are organized into broad business areas. Within these areas, the products and services that they offer are targeted at two distinctly different types of entities, governmental agencies and commercial companies. Their business areas are: †¢ Aeronautics – tactical aircraft, airlift, and aeronautical research and development lines of business. †¢ Information Systems Global Solutions – federal services, government and commercial IT solutions †¢ Missiles and Fire Control – Terminal High Altitude Area Defense System and PAC-3 missiles. †¢Show MoreRelatedLockheed Martin s Board Of Directors1986 Words   |  8 PagesLockheed Martin’s board of directors consist of twelve active members. There are four women and eight men, all of which are external members other than the CEO. One woman, Marillyn A. Hewson, is the Chairman, CEO, and President of Lockheed. She, among other board members has 30+ years of management experience and is responsible for acting with independent interest for the company in order to avoid compromising judgement. Considering majority of the board has external membership, it benefits the companyRead MorePresident Executive Officer Director Chief Officer Essay979 Words   |  4 Pagesdà ©cor manufacturing company, founded Peter Fortuga in 2011 announced his retirement to his staff. Expeditiously, the search for a replacement commenced and the board of directors found Doug Jeffers, a well-known interior designer, to replace Fortuga as Chief Executive Officer (CEO). A charismatic, har d-working, and well-connected individual, Jeffers appeared qualified through his innovative approach to lead the company to new heights. Analysis of Leadership Strategies Due to his past success, oneRead MoreManagement Planning Paper for Boeing Company1073 Words   |  5 Pagesmanagement leads to a future course of action. 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Medtronic is a medical technology company that pioneered cardiac pacemakers. Its compensation objectives emphasize performance, business success, and salaries that are competitive with other companies whose financial performance matches Medtronic’s. AES generates and markets electricity around the world. Its goal is to provide electricity worldwide in a socially responsible way. The notion of social responsibility pervades the company. Fairness is a fundamental objective of pay systemsRead MoreA Pay Model and Defining Internal Alignment9320 Words   |  38 PagesExhibit 1.6. Medtronic is a medical technology company that pioneered cardiac pacemakers. Its compensation objectives emphasize performance, business success, and salaries that are competitive with other companies whose financial performance matches Medtronic’s. AES generates and markets electricity around the world. Its goal is to provide electricity worldwide in a socially responsible way. 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