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Lockheed Martin Corp.

Lockheed Martin Corp.
Lockheed Martin Corp. is the nation's largest defense contractor. Lockheed Martin employs nearly 11,000 employees, more than half of them (6,500) in metro Orlando, where it is Central Florida's largest industrial employer.

Lockheed Martin produces some of the most sophisticated military hardware in the world at its Orlando operations, which include the following (in order of size): Lockheed Martin Missiles & Fire Control; Lockheed Martin Simulation, Training & Support; and Lockheed Martin Enterprise Information Systems. The missiles unit is known worldwide for its production of guided missiles, weapons targeting and aircraft night-vision navigation systems. The simulation division i...
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Lockheed Martin Corp. is the nation's largest defense contractor. Lockheed Martin employs nearly 11,000 employees, more than half of them (6,500) in metro Orlando, where it is Central Florida's largest industrial employer.

Lockheed Martin produces some of the most sophisticated military hardware in the world at its Orlando operations, which include the following (in order of size): Lockheed Martin Missiles & Fire Control; Lockheed Martin Simulation, Training & Support; and Lockheed Martin Enterprise Information Systems. The missiles unit is known worldwide for its production of guided missiles, weapons targeting and aircraft night-vision navigation systems. The simulation division is a global player in high-tech training systems for air and ground combat forces and commanders. The enterprise unit is Lockheed's computer tech services operation for the entire corporation.

Nationwide, the Bethesda, Md.-based company is known for producing military aircraft, missiles, rockets, advanced electronics, satellites and NASA systems (including production of the space shuttle's external fuel tank). Lockheed posted more than $2.5 billion in profit on sales of nearly $40 billion in 2006. It has 140,000 employees worldwide, including New York, Texas, Florida, California and other major states.

Lockheed Martin formed in 1995 from the merger of Lockheed Corp. and Martin Marietta Corp., during an era of dramatic consolidation in the defense industry after the end of the Cold War with the former Soviet Union. Prior to the Lockheed Martin merger, Lockheed was based in Calabasas, CA., and Martin was based in Bethesda. Martin Marietta's predecessor --The Glenn Martin Co.-- opened a missiles factory in Orlando in 1957, creating 2,700 jobs in what was then just a citrus town.
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  • US university, foundation invested in frozen Chinese stocks

    The University of Michigan, defense contractor Lockheed Martin Corp. and a foundation helping Appalachian children all own stakes in an overseas investment fund backing two major Chinese companies, which recently froze their stocks and missed financial reporting deadlines.
  • Beyond race, building a movement for economic fairness

    Beyond race, building a movement for economic fairness
    With regard to all the recent public discourse on race and racism, I say this: Highlighting, protesting and reducing instances of excessive force by police is important. Curtailing violent crime among young black men deserves new urgency, especially in...

    South Korean firm named sole bidder for big fighter jet deal

    South Korea chose a state-run aircraft maker on Monday as the sole preferred bidder for a contract to develop a midlevel fighter jet with the help of Lockheed Martin Corp. in the country's biggest-ever weapons development project. The deal worth $7.8...

    AP Exclusive: Special ops troops using flawed intel software

    Special operations troops heading to war zones are asking for commercial intelligence analysis software they say will help their missions. But their requests are languishing, and they are being ordered to use a flawed, in-house system preferred by the...

    Siemens CEO: Tech talent needed

    Siemens U.S. CEO Eric Spiegel said last week that Central Florida has a lot of "horsepower" that can be leveraged to create one of the leading technology communities in the U.S. However, Spiegel, a Youngstown, Ohio, native whose son attends Rollins...