Vance D. Coffman
Chairman and CEO Lockheed Martin

World's #1 military contractor, responsible for the U-2 and SR-71 spy planes, F-16, F/A-22 fighter jet, and Javelin missiles. They've also made millions through insider trading, falsifying accounts, and bribing officials.

2002 CEO Salary: $25.3 million
War contracts in the last three years: $47.2 billion

This company is the world's #1 military contractor. Built the U-2 and the SR-71 Blackbird spy planes. Today they make F-16, F/A-22 jet fighter, Hellfire and Javelin missiles. The company was recently awarded the world's largest weapons contract ever, a $200 billion deal to build the Joint Strike Fighter, a "next-generation" combat jet that eventually will replace aircraft used by the Navy, Air Force and Marine Corps. In the last few years the SEC has investigated Lockheed for insider trading and falsifying their accounts.

Lockheed Martin did not win the contract on force of personality alone, or fighter plane design. During the calendar year 2000, Lockheed Martin spent more than $9.8 million lobbying members of Congress and the Clinton administration, more than double the $4.2 million the company spent during 1999. Among the company's newest lobbyists: Haley Barbour, the former chairman of the Republican National Committee. During the 1999-2000 election cycle, Lockheed Martin contributed just over $2.7 million in soft money, PAC and individual contributions to federal candidates and parties. More than two-thirds of that money went to Republicans. Lockheed Martin spends more on lobbying Congress than any of its competitors, spending a whopping $9.7 million last year. Only General Electric and Philip Morris reported more lobbying expenses last year.

As the largest military contractor, Lockheed Martin has a lot of jobs in the pipeline. The company wants to go highest tech with its "combat Internet system," a rugged handheld computer that will put a "dot-com face on the modern battlefield." The company is hiring in Silicon Valley, looking to replace "Rosie the Riveter" with "Suzie the Software Programmer." A recent Lockheed Martin job fair attracted 1,300 applicants for 290 new positions in the company's missile defense division. Even while Lockheed Martin celebrates its JSF success, it is trying to shore up support for an additional $3.9 billion for development of the F-22 Raptor.

In 1976 Lockheed paid millions of dollars to Japanese government officials to smooth the way for the sale of Lockheed's airplanes to a Japanese airline corporation, All Nippon Airways. They paid Japanese gangster and yakuza chief Kodama Yoshio $2.1 million in payoffs to help them sell their new wide-bodied passenger airplane, the
TriStar L1011, against stiff competition from Boeing and McDonnell-Douglas. Kodama relied on familiar yakuza techniques to force the resignation of Tetsuo Oba, president of All Nippon Airways. At a stockholders' meeting, Kodama packed the room with "sokaiya" --financial specialists-- who leaked information about an illegal $1 million loan which had been paid to Oba. In disgrace, ANA's president stepped down to be replaced by a candidate favorable to Kodama's interests.

The former prime minister, the former minister of transportation, and the former parliamentary vice-minister of transportation were arrested and prosecuted. The former prime minister was sentenced to four years imprisonment with forced labor but he died while the case was in the Supreme Court.

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