Lockheed Martin Situation Audit: An In-depth Analysis

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Lockheed Martin Situation Audit: An In-depth Analysis

Situation Audit for Lockheed

A Situation Audit for Lockheed Martin Corporation

Erica Johnson

University of Maryland Global Campus

MBA 610 9042 Leading Organizations and People (2222)

Donald Shandler, PhD

May 13, 2022

Executive Summary

Lockheed Martin Corporation (LMC) is the world’s largest and one of the most successful defense and aerospace company. Although LMC’s business has grown, it hasn’t done so without facing some challenges. Unexpectedly, it suffered a scandal in 2014 after a whistleblower revealed that Lockheed Martin paid the U.S. government illegal kickbacks for military equipment contracts worth $3 billion since 1995. After disclosure of these practices, public moved away from LMC stock to pursue safer investments elsewhere which resulted in its price dropping…