Lockheed Martin
Profile
Lockheed Martin is the world's largest military contractor. It makes Hellfire missiles that have been used in numerous drone killings in Afghanistan, Iraq, Pakistan and Yemen. Founded in 1926, Lockheed has been charged with bribery in Egypt, Italy, Japan, the Netherlands, Saudi Arabia and (West) Germany to win contracts for military fighter jets and transport planes in the 1960s and the 1970s. These payments included $3 million to the Japanese prime minister and $1.1 million to a Dutch prince. In 2007 Lockheed was ordered to repay the U.S. government $265 million plus interest for over-billing on the F-35 Joint Strike Fighter and in 2010 it was ordered to repay the U.S. Air Force and the U.S. Navy for over-billing on the C-27J tactical aircraft.
- ATC Systems, Ballistic Missiles, Precision-guided munitions, Missile Defense Elements, Directed-energy weapons
- Combat Systems, Robotic Systems, Radar Technologies, Electronic Warfare Systems, Multi-Function Sensor Systems
- ICT Solutions and Software, Energy Management and Storage Systems
- Armored fighting vehicles, Combat aircraft, Military Support Aircraft, Littoral combat ships, Atlas V Launch Vehicles
- Satellites, Spacecraft
Violations
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
|---|---|---|
| government-contracting-related offenses | $138,691,479 | 16 |
| employment-related offenses | $80,506,746 | 48 |
| competition-related offenses | $15,000,000 | 3 |
| environment-related offenses | $5,563,709 | 17 |
| safety-related offenses | $2,349,299 | 16 |
(April 14, 2021)
Stories
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- American Arms Supermarket by Michael Klare (University of Texas, 1984)
- Dirty Profits 2: Report on Companies and Financial Institutions Benefiting from Violations of Human Rights (Facing Finance, 2013).
- Prophets of War: Lockheed Martin and the Making of the Military-Industrial Complex by William D. Hartung (Nation Books, 2010).
- The Arms Bazaar by Anthony Sampson (Viking Press, 1977)
- The Iron Triangle: The Politics of Defense Contracting by Gordon Adams (Council on Economic Priorities, 1981)
- The Politics of Contracting (Project On Government Oversight, June 2004).
Activism
American-Armenians protest outside Lockheed Martin military-industrial corporation
Marianna Karapetyan | Public Radio of Armenia | October 22, 2020
Protest outside Lockheed Martin plant in Dallas against U.S. parts/technology in the Turkish drones used by Azerbaijan to kill Armenian civilians in Artsakh, Armenian National Committee of America report.
Protesters in Salina say Lockheed Martin has blood on its hands
Ellen Abbott | WRVO Public Media | August 31, 2018
Central New York anti-war protesters are taking aim at a defense contractor with offices in the town of Salina.
War Profiteer of the Month: Lockheed Martin
War Resisters International | June 21, 2018
Lockheed Martin is the world's biggest arms manufacturer, and world's biggest exporter of arms.
& Lawsuits
Lockheed Martin Corp. Agrees to Pay $700,000 to Resolve Alleged Hiring Discrimination Following U.S. Department of Labor Investigation
United States Department of Labor | January 11, 2021
The U.S. Department of Labor and Lockheed Martin Corp.’s RMS Engineering & Technology Unit have entered into an Early Resolution Conciliation Agreement to resolve allegations of hiring discrimination found by the Department’s Office of Federal Contract Compliance Programs (OFCCP)
Lockheed Martin under fire again from Congress over F-35, this time for missing spare parts
Kyle Arnold | The Dallas Morning News | June 23, 2020
A group of high-ranking members of Congress is launching an investigation into Lockheed Martin’s F-35 fighter jet program after being told the U.S. military had to spend $300 million in the last five years on defective and missing parts.
Why a U.S. Senator Is Calling for an Investigation Into the C-130
Kyle Mizokami | Popular Mechanic | January 24, 2020
A U.S. senator has called for an investigation into defense contractor Lockheed Martin after whistleblowers alleged employees were suffering health problems. The problems stem from the alleged misuse of an adhesion promoter used on the fuel tanks of C-130J Hercules transport planes.
Lockheed Martin Agrees To Pay $2 Million To Settle Allegations That It Overbilled The Government
United States Department of Justice | March 27, 2015
Lockheed Martin Corporation (“Lockheed”) has agreed to pay $2 million to settle allegations that it over billed the government for fuel it used while manufacturing C-130 aircraft for the United States Air Force.
Defense Workers, Deemed “Essential,” Protest Conditions as Overseas Weapons Sales Continue
Akela Lacy | The Intercept | April 18, 2020
Thanks to industry lobbying, weapons manufacturing plants are open amid the coronavirus pandemic to fulfill billions of dollars in weapons sales.
Senator calls for investigation after whistleblowers raise concerns about C-130 production practices
Valerie Insinna | Defense News | January 23, 2020
Until recently, Lockheed Martin employees manufacturing the C-130J may have been exposed to harmful chemicals, and the Defense Department may have ignored worker concerns, a U.S. senator said Thursday.
Financials
Note: Most recent list is not always the most complete list.
- Lockheed Martin Subsidiaries (via U.S. SEC 2019)
- Lockheed Martin Subsidiaries (via U.S. SEC 2018)
- Lockheed Martin Subsidiaries (via U.S. SEC 2017)
- Lockheed Martin Subsidiaries (via Fintel 2019)
Croctail Subsidiary Tool using the CorpWatch API - This API uses automated parsers to extract the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the SEC.
Click here for the latest list.
Political Spending
OpenSecrets.org Profile of Lockheed Martin
& Evasion
US defense giants show how American capitalism fails taxpayers
Heather Timmons | Quartz | February 4, 2019
As big US companies close their books for 2018, the top beneficiaries of Donald Trump’s tax cuts are becoming clear—the firms that reported big jumps in profits rewarded investors with dividends and more than $1 trillion in share buybacks.
Saudi Arabia signs deal with Lockheed Martin to enhance kingdom's defense and weapons manufacturing capabilities - weeks after Biden announced temporary freeze on arms sales to Middle East
Reuters | Daily Mail | February 21, 2021
Saudi Arabian Military Industries (SAMI) has signed an agreement to set up a joint venture with US firm Lockheed Martin to enhance the kingdom's defense and manufacturing capabilities, the state-owned Saudi company said on Sunday.