Focus Stocks
Lockheed Martin Aeronautics Reappraised at CMMI® Maturity Level 3
Published on Wednesday, 01 September 2010 11:19 Written by TradersHuddle Staff
FORT WORTH, Texas, Sept. 1 /PRNewswire/ -- An independently led team has rated Lockheed Martin (NYSE: LMT) Aeronautics at Maturity Level 3 against the Capability Maturity Model Integration for Development, or CMMI-DEV version 1.2, following an extensive examination of processes in the company's major aircraft programs.
CMMI-DEV is a process model reflecting industry best practices for product development and process improvement. This is the second consecutive time Lockheed Martin Aeronautics achieved this maturity rating based on processes in its F-35 Lightning II Joint Strike Fighter, F-22 Raptor, F-16 Fighting Falcon, C-130J Super Hercules and Advanced Development Programs. Systems and Software Consortium, Inc. (SSCI) led the audit which was completed on July 30 and the Software Engineering Institute confirmed acceptance of the results in late August.
"Maintaining our Maturity Level 3 rating demonstrates Lockheed Martin's commitment to continuously improving our program execution, customer satisfaction levels and ability to deliver high quality products," said Dan Crowley, executive vice president and chief operating officer of Lockheed Martin Aeronautics.
CMMI was developed by Carnegie Mellon University's Software Engineering Institute, which is a federally funded research and development center sponsored by the U.S. Department of Defense. The CMMI-DEV evaluation covered process management, project management, engineering and support process areas. Lockheed Martin Aeronautics demonstrated Maturity Level 3 compliance to the CMMI model using the Standard CMMI Appraisal Method for Process Improvement (SCAMPI(SM)). The Class A SCAMPI covered multiple geographically dispersed sites and related systems, hardware and software disciplines.
Lockheed Martin Aeronautics is one of the larger organizations to earn the Level 3 rating and one of only a few with a company-wide CMMI rating that encompasses all operating sites. The assessment included artifacts and interviews from the company's primary facilities in Fort Worth, Texas; Marietta, Georgia; and Palmdale, California.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 136,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2009 sales from continuing operations were $44.5 billion.
® Capability Maturity Model and CMMI are registered in the U.S. Patent and Trademark Office by Carnegie Mellon University.
(SM) SEI and SCAMPI are service marks of Carnegie Mellon University.
Systems and Software Consortium, Inc. (www.software.org), is a licensed SEI Partner for SCAMPI appraisal services.
For additional information, visit our website:
SOURCE Lockheed Martin
Related Articles
- Lockheed Martin Awarded JIEDDO OPS Services Contract
- Lockheed Martin and Cleversafe Form Big Data Alliance for Secure, Distributed Storage
- Lockheed Martin Selected to Provide Distributed Training Mission Support for U.S. Air Force
- Lockheed Martin Hosts Industry Collaboration Forum in Saudi Arabia
- Lockheed Martin Awarded $66 Million Contract to Support U.S. Army Research Lab
- Lockheed Martin, Raytheon Team to Provide SEWIP Electronic Attack Capability for U.S. Navy Anti-ship Missile Defense
- Lockheed Martin Receives $921 Million Contract for Production of Combat-Proven PAC-3 Missiles
- Lockheed Martin Delivers 2400th C-130 Hercules
- SGS and Savi Technology Announce Exclusive Worldwide Strategic Alliance to Deliver Groundbreaking Global Cargo and Asset Tracking Solution
- Lockheed Martin Declares First Quarter 2012 Dividend
Related Partner Headlines
- Lockheed Martin Awarded JIEDDO OPS Services Contract; Cost Ceiling $900M - Benzinga
- Lockheed Martin and Cleversafe Form Big Data Alliance for Secure, Distributed Storage - Benzinga
- Lockheed Martin Selected to Provide Distributed Training Mission Support for U.S. Air Force; Contract Valued at $94M - Benzinga
- Lockheed Martin Stock Hits New 52-Week High (LMT) - TheStreet.com
- Lockheed Martin Awarded $66 Million Contract to Support U.S. Army Research Lab - Benzinga
- SGS and Savi Technology Announce Worldwide Strategic Alliance to Deliver Global Cargo and Asset Tracking Solution - Benzinga
- Lockheed Sales Fall but Backlog at Record $80.7B - TheStreet.com
- Lockheed Martin Reaches New 52-Week High (LMT) - TheStreet.com
- Lockheed Martin Reaches New 52-Week High (LMT) - TheStreet.com
- Lockheed Martin Corporation (LMT): Today's Featured Aerospace/Defense Winner - TheStreet.com
TradersHuddle Search
| Sponsored By: |
|
Stock Search: |
|
Site Search: Loading
|
Latest Partner Headlines
-
Synthesis Energy Systems Announces Agreement for Feasibility Study With Ncondezi Coal Company - Benzinga -
UPDATE: Deutsche Bank Raises PT to on The Corporate Executive Board - Benzinga -
Wells Fargo Announces Details of Agreements with State Attorneys General and Federal Agencies - Benzinga -
UPDATE: Deutsche Bank Raises Target on Compass Minerals to - Benzinga -
Philip Morris International Reaches New 52-Week High (PM) - TheStreet.com -
7 Reasons You'll Always Need Cash - TheStreet.com -
UPDATE: Deutsche Bank Lowers Target on Affymetrix to - Benzinga -
UPDATE: Wedbush Lowers Price Target on Alere to - Benzinga
Stock Market
Dow Jones
Company ID [INDEXDJX:.DJI] Last trade:12,881.08 Trade time:11:33AM EST Value change:▼2.87 (-0.02%)S&P 500
Company ID [INDEXSP:.INX] Last trade:1,348.93 Trade time:11:34AM EST Value change:▼1.03 (-0.08%)NASDAQ
Company ID [INDEXNASDAQ:.IXIC] Last trade:2,920.39 Trade time:11:34AM EST Value change:▲4.53 (0.16%)In The Wires
-
Ingersoll Rand Businesses Trane and Schlage Partner With Green Builder® Media to Showcase “Right Now” Smart Home Technology -
Multi-Platinum Performer Nicole Scherzinger Announces She’s ‘Doing the Herbal’ -
13.8 Million Cosmetic Plastic Surgery Procedures Performed in 2011 -
AG Mortgage Investment Trust, Inc. Announces Exercise of Underwriters’ Option -
A.M. Best Assigns Ratings to Aflac Incorporated’s Forthcoming New Senior Unsecured Notes -
Elsevier Launches TargetInsights™, Streamlining Target Discovery and Validation Workflow -
Wells Fargo Announces Details of Agreements with State Attorneys General and Federal Agencies -
Media Advisory - TD Bank Group to release first-quarter financial results










