Disruptive Innovation at Lockheed Martin Drives Faster Deliveries and Data-driven Insights

The second annual ARC Industrial Digital Transformation Top 25 report continues to highlight companies that are succeeding at integrating digital technology into all areas of business, fundamentally changing the way they operate and deliver value to customers. ARC developed a rigorous process based on financial performance, a community intelligence based ranking system, and software and sustainability data. Leading companies take a strategic approach, integrating digital technology throughout their value chains. Disruptive innovation at Lockheed Martin drives faster deliveries and data-driven insights, and it ranks #22 in this report. 

Digital transformation is a whole new way of transacting businesses, supporting customers, leveraging the available services, and adapting to a volatile and fiercely competitive marketplace. The digital transformation journey has its share of challenges for both suppliers and end users. Technology is only part of the equation. People, capability, willingness, process simplification, and adopting a multidisciplinary approach are also required. Transforming to an organization where constant change and adjustment define normal operations is still very conceptual for some industrial companies. Each company is at a different stage of digital maturity, so there is no “one-size-fits-all” approach. Digital transformation leaders can be found across many different industries, sharing common traits and visions, helping them overcome complex challenges to innovate and stay agile. The companies mentioned in this report not only have their transformation initiatives well underway, but they also have their eye to the future tackling the next set of challenges on their journey.

This is the twenty-second in a series of blogs in the digital transformation space.

Lockheed Martin

Lockheed Martin is transforming across its entire business to deliver speed, agility, and insights to its customers. In 2021, the company completed four new digital factories in the United States. These are connected to the intelligent factory framework, and edge computing platform that secures, scales and standardizes device connectivity through IoT practices. The company is adopting disruptive innovation in their processes, technology, and tools to drive faster deliveries, agile responsiveness, and data-driven insights for their customers. A few key concepts define Lockheed’s strategy. The first is digital engineering – model-based engineering, optimizing design and links design, manufacturing, and sustainment teams on a common digital thread to save costs and speed program lifecycles. Second, next-generation software enables fast and continuous development. Additionally, digital enablement by investing in process reinvention and business system modernization. Technologies such as 5G networking, cloud, and artificial intelligence provide the foundation for Lockheed’s continuous transformational capabilities. Data is viewed as strategic asset and AI-powered predictive analytics is used to glean insights that advance performance from factory to the field.

Going Forward

Digital transformation has emerged as the fulcrum of business operations. This year’s Top 25 companies include many who made the list last year, together with some new companies and reshuffling of positions. ARC will continue its research in all areas related to digital transformation and analyze the outcomes. The ARC Industrial Digital Transformation Top 25 report will be published annually. With this being our second year, your feedback is very important to us as we will continue to investigate new approaches and measures to adjust our methodology, identify successful digital transformation initiatives, and help the industry as a whole digitally transform. Let’s travel together! 

Learn more about ARC’s Digital Transformation Council

Learn more about ARC In-depth Research at Market Analysis

Learn more about ARC Strategic Services at Advisory Services for Industry Leaders

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