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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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  • Simulation report bodes well for Orlando

    Simulation report bodes well for Orlando
    The military continues to move toward simulations and away from live-action training as a way of saving money, according to a report released Thursday that should encourage regions such as Central Florida that boast a strong simulation industry, entrepreneurs say.
  • Hispanics and education: a Texas-size challenge for states

    AUSTIN, Texas � Manuel Ramirez was the first in his family to get a college degree, and it wasn't easy. His parents, who brought him to the U.S. illegally from Guanajuato, Mexico, when he was 8 years old, made just enough to get by with day labor...

    Lockheed Martin's Orlando units take hit in earnings report

    Lockheed Martin's Orlando units take hit in earnings report
      An Orlando-based unit of defense giant Lockheed Martin took a financial hit last year because of a decrease in demand for its technical services and tactical missiles program. In an earnings report Tuesday, officials said Lockheed’s Missiles...

    Air Force-SpaceX lawsuit settlement acknowledges new landscape

    Air Force-SpaceX lawsuit settlement acknowledges new landscape
    SpaceX has dropped a lawsuit against the U.S. Air Force after winning an agreement from the government that the company will be certified for a new launch program, according to a statement from SpaceX SpaceX, which launches rockets at Kennedy Space...

    Small church fights Episcopal diocese over land

    Small church fights Episcopal diocese over land
    The Church of the Ascension is an unremarkable Middle River landmark, just a squat, brick building on an isolated peninsula south of Martin State Airport. But for Episcopalians in eastern Baltimore County's Wilson Point community, the small church has...