Highlights
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...
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...
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.
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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Australia heaps praise on F-35, says rivals years behind
ReutersBy Rob Taylor CANBERRA, May 16 (Reuters) - Lockheed Martin Corp is well on the way to fixing the F-35s performance and helmet problems, Australian military chiefs said on Thursday, rejecting criticism the troubled jet will be overmatched by newer Russian...Tags: Manufacturing and Engineering, Elbit Systems Limited, Israel, Aerospace Manufacturing, Russia
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Lockheed Martin executives defend littoral combat ships
Milwaukee Journal SentinelLockheed Martin Corp. on Tuesday defended its new littoral combat ships, made in Marinette, that were criticized recently as being too lightly armed and impractical for various missions. The first of the ships, USS Freedom, is deployed in Southeast Asia...Tags: Physical Fitness and Exercise, Bloomberg L.P., Bethesda (Montgomery, Maryland), Southeast Asia, Singapore
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Australia military looks at long-range Triton patrol drone
ReutersCANBERRA, May 16 (Reuters) - Australia is set to buy up to $3 billion worth of long-range maritime patrol drones and said on Thursday it had asked close ally the United States for detailed information and costings on the U.S. Navy's MQ-4C Triton...Tags: Manufacturing and Engineering, Julia Gillard, Aerospace Manufacturing, Boeing Co., Australia
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Lockheed says furloughs could delay F-35 fighter, other programs
ReutersWASHINGTON, May 14 (Reuters) - The Pentagon's plans to put most of its 800,000 civilian employees on unpaid leave for 11 days could lead to delays on Lockheed Martin Corp's F-35 Joint Strike Fighter and other weapons programs, a top company official...Tags: Military Aircraft, Layoffs and Downsizing
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U.S. Navy makes aviation history with carrier drone launch
ReutersABOARD THE USS GEORGE H.W. BUSH (Reuters) - The U.S. Navy made aviation history on Tuesday by launching an unmanned jet off an aircraft carrier for the first time, taking an important step toward expanded use of drones by the American military with an eye...Tags: Manufacturing and Engineering, Politics, Aircraft Carriers, Weaponry, Pakistan
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FACTBOX-Speakers at Reuters Cybersecurity Summit
Reuters(For other news from Reuters Cybersecurity Summit, click on http://www.reuters.com/summit/Cyber13) May 12 (Reuters) - Jeff Moss Chief Security Officer ICANN Richard McFeely Executive Assistant Director FBI Gerry Cauley President and CEO NERC (North...Tags: Manufacturing and Engineering, Computing and Information Technology Industry, Janet Napolitano, National Security, General Dynamics Corporation
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Finmeccanica's unit wins $141 mln contract for F-35 programme
ReutersMILAN, May 2 (Reuters) - Alenia Aermacchi, a company of Italy's defence group Finmeccanica, has won a contract worth $141 million for Lockheed Martin Corp's F-35 fighter jets programme. In a statement on Thursday, Finmeccanica said Alenia Aermacchi...Tags: Italy, Milan (Italy)
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Arms makers welcome dialogue with Pentagon as budget woes rise
ReutersWASHINGTON, April 30 (Reuters) - Executives at U.S. weapons makers on Tuesday said their meeting on Monday with Defense Secretary Chuck Hagel was a "positive continuation" of a dialogue begun by his predecessor, Leon Panetta. About 50 defense industry...Tags: Manufacturing and Engineering, Defense Equipment, Aerospace Manufacturing, Northrop Grumman Corporation, Defense
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Northrop may get largest state incentive deal of Scott's term
Northrop Grumman Corp., which reported a $2 billion profit last year, could receive nearly $19 million in cash and tax breaks from Florida in return for its planned expansion in Brevard County, which would make it the state's largest jobs-creation...
Tags: Manufacturing and Engineering, Politics, Defence Contracts, Melbourne, Corporate Officers
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U.S. Navy moves ahead on new presidential helicopter program
ReutersBy Andrea Shalal-Esa WASHINGTON, May 3 (Reuters) - The U.S. Navy posted the final rules for a long-delayed, multibillion dollar competition for a new fleet of presidential helicopters, saying it planned to award a contract about a year from now despite...Tags: Manufacturing and Engineering, Robert Gates, United Technologies Corporation, U.S. Department of Defense, Armed Forces
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Australia backs F-35 fighter jets in new defence strategy
ReutersCANBERRA, May 3 (Reuters) - Australia committed to long-term plans to buy up to 100 Lockheed Martin Corp F-35 fighter jets in a new defence blueprint released on Friday, helping to ease concerns about the future of the controversial stealth fighter....Tags: Manufacturing and Engineering, Aerospace Manufacturing, BAE Systems Plc., Canberra (Australia), Military Aircraft
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US offers Israel new $3b air weapons systems deal
Globes, Tel Aviv, IsraelA new defense deal between the US and Israel, after a year of secret negotiations, will give the Israel Air Force (IAF) a technological overhaul. The IAF will receive F-35 Lightning II stealth fighter bombers, the latest C-130J Hercules transports and...Tags: Manufacturing and Engineering, Elbit Systems Limited, Tel Aviv (Israel), NASDAQ, Weaponry
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