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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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Top Lockheed Martin Corp. Articles

Displaying items 1-11
  • Pratt Sees Clarity On 'Root Cause' Of F-35 Engine Issue By Month's End

    WASHINGTON — Pratt & Whitney says the "root cause" of the June 23 engine failure on a Lockheed Martin Corp F-35 fighter jet should be clear by the end of September, which would pave the way for over $1 billion in contracts for an additional 84...
  • PASSINGS: Bob Suter, Austin 'Goose' Gonsoulin, Magda Olivero, John D. Kendall, Noel Hinners

     PASSINGS: Bob Suter, Austin 'Goose' Gonsoulin, Magda Olivero, John D. Kendall, Noel Hinners
      Bob Suter Member of U.S. hockey team that won a gold medal at 1980 Olympics Bob Suter, 57, a member of the "Miracle On Ice" hockey team that won the Olympic gold medal in 1980 and the father of Minnesota Wild NHL star Ryan Suter, died suddenly...
  • U.S. Ex-Im Bank's satellite push complicates its fight for survival

    WASHINGTON (Reuters) - The U.S. Export-Import Bank, caught in a rare political storm over its mission, is fighting for survival and its best line of defense is to debunk criticism that the 80-year-old institution favors corporate giants over small...
  • Defense cuts, Ex-Im bank weigh on aerospace companies

    WASHINGTON (Reuters) - Commercial aviation and defense companies are grappling with dwindling U.S. defense spending, an uncertain fate for U.S. export financing and questions about the readiness of the Pentagon's top weapons program, the F-35 Joint Strike...
  • France builds stealth wind turbines to avoid radar interference

    PARIS (Reuters) - France is building the world's first wind farm with turbine blades designed to minimize interference with radar systems, using technology partially inspired by stealth warplanes. EDF Energies Nouvelles, the renewables unit of state-...
  • Exclusive: Canada seen buying fighter jets from U.S., not Europe - source

    OTTAWA/WASHINGTON (Reuters) - Canada is likely to choose between two major U.S. firms when it buys a new fleet of jet fighters, excluding two European competitors, according to a source with direct knowledge of the matter. The source, who spoke on the...
  • Pentagon Says It Is Nearing Fix For F-35 Engine, Pratt To Pay

    WASHINGTON — Federal officials say they are nearing a fix for the engine that powers Lockheed Martin Corp.'s F-35 fighter jet and that engine-maker Pratt & Whitney has agreed to pay to retrofit 156 already delivered. Pentagon chief arms buyer Frank...
  • Main Street economic renaissance planned for Pacoima

    Main Street economic renaissance planned for Pacoima
    Lizeth Perez, 33, has lived in Pacoima all her life, but the only businesses she remembers patronizing there are a Jack in the Box and a tattoo shop that's no longer open. She spends her money instead in neighboring Arleta, which boasts a CVS, or...
  • Lockheed Orlando receives more F-35 millions

    Lockheed Orlando receives more F-35 millions
    Lockheed Martin Corp.'s Orlando simulation and training division has captured a major slice of the U.S. military's latest F-35 contract — a $122 million deal to build key support equipment for the much-criticized next-generation stealth fighter....
  • U.S. report rips Boeing, Raytheon quality controls on missile defense

    U.S. report rips Boeing, Raytheon quality controls on missile defense
    WASHINGTON (Reuters) - The Pentagon's internal watchdog on Monday said it found numerous quality control problems during an investigation of the troubled "kill vehicle", or warhead, built by Raytheon Co for the Boeing Co-led U.S. missile defense system....
  • Engineers building car using 3-D printer at McCormick Place

    Engineers building car using 3-D printer at McCormick Place
    Tucked in a corner inside McCormick Place engineers from two companies and a national laboratory are furiously working on the final days of a challenge to make, assemble and drive a 3-D printed car on Saturday. The self-imposed challenge showcases the...