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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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  • The sky's the limit [Editorial]

    The sky's the limit  [Editorial]
    If all goes well, NASA may soon be renting privately owned spacecraft to fly its astronauts into space. The agency reportedly is just weeks away from announcing contracts with one or more commercial firms to build a new, reusable orbital vehicle capable of ferrying crews from U.S. launch sites to the International Space Station and returning them safely home. Such a deal would give a huge boost to the U.S. commercial space industry as well as end NASA's three-year dependence on Russian spacecraft to reach the ISS.
  • Pratt halted F-35 engine shipments in May over titanium

    (Reuters) - United Technologies Corp's Pratt & Whitney unit briefly suspended delivery of the engine for the F-35 Joint Strike Fighter jet in May because of questions about titanium provided to a parts supplier. Pratt said on Friday it discovered...

    In response to Ferguson, Obama orders review of police use of military hardware

    In response to Ferguson, Obama orders review of police use of military hardware
    President Obama has ordered a review of the distribution of military hardware to state and local police out of concern at how such equipment has been used during racial unrest in Ferguson, Missouri. The president ordered the examination of federal...

    Lockheed's exoskeleton 'Iron Man suit' may fit commercial world

    Lockheed's exoskeleton 'Iron Man suit' may fit commercial world
    Lockheed Martin Corp.'s Orlando missiles group unveiled its latest version of exoskeleton wear last week, a sign that the defense contractor may once again have its eye on the commercial world. Well known for aptly named military weapons such as...

    Obama orders review of police use of military hardware

    EDGARTOWN Mass./WASHINGTON (Reuters) - U.S. President Barack Obama has ordered a review of the distribution of military hardware to state and local police out of concern at how such equipment has been used during racial unrest in Ferguson, Missouri....