Vance D. Coffman

DEFINITION of 'Vance D. Coffman'

A former president, CEO and chairman of Lockheed Martin, and an astronautical engineer. Coffman joined the company in 1967 and developed a satellite-positioning system, the Hubble telescope and the MILSTAR communications satellite. He became president and COO in 1996, CEO in 1997, and chairman in 1998.

BREAKING DOWN 'Vance D. Coffman'

Born in 1944 in Kansas, Coffman earned his bachelor of science in aerospace engineering and his Ph.D. from Stanford University in aeronautics and astronautics. He retired from Lockheed in 2005 after working with the company for 38 years.



RELATED TERMS
  1. E. Linn Draper Jr.

    A former chairman, CEO and president of Ohio-based public utility ...
  2. Jamie Dimon

    The chairman, CEO and former president of JPMorgan Chase & ...
  3. Phil Condit

    A former CEO and chairman of Boeing. Condit is best known for ...
  4. Alston D. Correll

    A former CEO and chairman of Atlanta-based paper and building ...
  5. Chief Operating Officer - COO

    The senior manager who is responsible for managing the company's ...
  6. Morris Chang

    The founder, chairman and CEO of Taiwan Semiconductor Manufacturing ...
Related Articles
  1. Markets

    Why Lockheed Martin Will Always Be Good Bet

    A breakdown of the business of one of America's most mysterious yet successful companies: Lockheed Martin, the largest defense contractor in the world.
  2. Markets

    Lockheed Martin Stock To Trade Ex-Dividend Friday (LMT)

    Lockheed Martin will send its dividend payment on June 24 to shareholders of record as of June 1.
  3. Markets

    Is Lockheed Martin Stock Suitable for Your IRA or Roth IRA? (LMT)

    Discover if Lockheed Martin is an ideal stock for your traditional IRA or your Roth IRA. Learn about the company's future prospects.
  4. Investing

    Lockheed Martin P/E Ratio: A Quick Analysis

    A quick analysis of Lockheed Martin's P/E ratio.
  5. Markets

    Lockheed Martin's 3 Key Financial Ratios (LMT)

    Learn about Lockheed Martin's business by investigating three important financial ratios that determine profitability, return and reinvestment needs.
  6. Markets

    Analyzing Lockheed Martin's Return on Equity (LMT)

    Learn about Lockheed Martin's return on equity (ROE). Find out how DuPont analysis explains ROE relative to Lockheed's aerospace and defense industry peers.
  7. Markets

    Lockheed Martin Is Tight With The US Government

    The relationship between Lockheed Martin and the U.S. government is long-standing and the company's biggest revenue source, but it may be deteriorating.
  8. Markets

    Lockheed Martin Stock Rises Ahead of Earnings (LMT, LDOS)

    Lockheed continues to build for the future, suggesting that the stock's all-time high status is no barrier to future premiums.
  9. Markets

    Lockheed Martin's 5 Most Profitable Lines of Business (LMT)

    Learn about the drivers of Lockheed Martin's profitability. Management is taking steps to boost margins via acquisitions and potential sales or spin-offs.
  10. Markets

    The Biggest Risks of Investing in Lockheed Martin Stock (LMT)

    Learn about defense contractor, Lockheed Martin, its leadership within its industry, and how the company can stay on top as the defense landscape changes.
RELATED FAQS
  1. What are examples of major companies in the aerospace sector?

    Learn about the major companies in the aerospace sector, their key business areas and how they compare to one another in ... Read Answer >>
  2. What is the difference between a president and a chief executive officer? Can there ...

    In general, the chief executive officer (CEO) is thought of as the highest ranking officer in a company while the president ... Read Answer >>
  3. Why is it less than ideal for a CEO of a company to also hold the position of COO?

    Learn the difference between a company's CEO and COO, and understand the division of labor that should be present between ... Read Answer >>
  4. Why is trading volume usually higher when the price of a security is changing?

    Understand the basic day-to-day responsibilities of a COO. Learn why specific types of COOs are brought on to fill specific ... Read Answer >>
  5. How is the Chairman of the Securities and Exchange Commission (SEC) chosen?

    Learn how the Chairman of the Securities and Exchange Commission is chosen, from presidential appointment to Senate confirmation. Read Answer >>
  6. What is Tim Cook's career and educational background? (AAPL)

    Discover where Tim Cook studied and worked before joining Apple and what roles he played in the company before taking over ... Read Answer >>
Hot Definitions
  1. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  2. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  3. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  4. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  5. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  6. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
Trading Center