Lockheed Martin is a leader in the Aerospace Industry that provides a diverse range of products for the commercial and government sectors around the world. The company has enjoyed record profits in the wake of September 11 due to security interests around the world. As the global demands change, Lockheed must be able to continue to diversify to meet these changing demands. The year 2005 is a crucial year where the company must develop a new strategy to prepare for a downturn in military needs.
Aerospace Financial Analysis Introduction The Aerospace and Defense Industry accounted for $209.1 billion in revenues in 2002. The Boeing Company and Lockheed Martin are among the top three revenue producers in the industry accounting for over $80 billion in sales (Yahoo, 2003). The industry has undertaken several mergers and acquisitions to create colossal industries such as Lockheed Martin and Boeing. A financial analysis of both companies will be performed based on the data retrieved on the respective companies based on their most recent annual reports.