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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 100-110
  • Lockheed profit takes hit in fourth quarter

    Lockheed profit takes hit in fourth quarter
    Pressured by military spending cuts, Lockheed Martin Corp. delivered mixed fourth-quarter results Thursday, beating the consensus Wall Street revenue forecast, but falling short on profit. Lockheed's Orlando operations had mixed results as well. Operating...
  • Top Democrats push package for better business climate

    Top Democrats push package for better business climate
    Announcing their first-ever joint agenda, the Democratic leaders of the General Assembly said Friday they will work together to pass legislation aimed at improving Maryland's business climate and boosting the state's economy. Senate President Thomas V....
  • Lockheed trims layoffs after Pentagon recalls furloughed workers

    Lockheed trims layoffs after Pentagon recalls furloughed workers
    WASHINGTON -- Defense giant Lockheed Martin Corp. said Monday it would reduce its planned layoffs to 2,400, after the Pentagon recalled most of the civilian workers it had furloughed because of the partial federal government shutdown. The move came...
  • Area 51 revealed, home of secret spy planes, conspiracy theories

    Area 51 has to be the worst-kept secret in the aerospace industry. It’s where some of the most innovative military aircraft ever built by Lockheed Martin Corp.’s Skunk Works were flight tested. Supposedly. For decades, the government has...
  • URS Corp. furloughs 3,000 workers amid government shutdown

    URS Corp. furloughs 3,000 workers amid government shutdown
    A San Francisco-based engineering-advisory firm, URS Corp., said Thursday it has furloughed 3,000 employees because of the partial government shutdown and more employees could be affected if the stalemate in Washington drags on. URS said that those...
  • America's biggest rocket blasts off, likely carrying spy satellite

    America's biggest rocket blasts off, likely carrying spy satellite
    A 235-foot-tall rocket carrying a top-secret spy satellite roared to life and blasted off from Vandenberg Air Force Base, leaving a thick white plume as it cut across the morning sky. The launch took place Wednesday at 11:03 a.m. PDT at the...
  • Lockheed Martin to lay off 4,000 workers, shrink California operations

    Lockheed Martin to lay off 4,000 workers, shrink California operations
    Defense contractor Lockheed Martin on Thursday said it would cut 4,000 positions and close several facilities due to reduced government defense spending.   The Bethesda, Md.-based company said it would close plants in Pennsylvania, Ohio, Texas and...
  • Rocket roars to life at Vandenberg with secret orbital payload

    Rocket roars to life at Vandenberg with secret orbital payload
    A 19-story-tall rocket launched from Vandenberg Air Force Base late Thursday night, carrying a secret payload for the U.S. government. An Atlas V rocket blasted off from Space Launch Complex 3 at 11:15 p.m. PST, lighting up the night sky as it roared...
  • SpaceX reaches milestone in rocket launch from Cape Canaveral

    SpaceX reaches milestone in rocket launch from Cape Canaveral
    With a thunderous roar, a 224-foot rocket carrying a massive satellite launched from Cape Canaveral and blasted into outer space, hurtling over the Atlantic Ocean as it cut across the night sky. On Tuesday, Hawthorne rocket maker SpaceX lifted the SES-8...
  • SpaceX scrubs rocket launch at Cape Canaveral over technical issues

    SpaceX scrubs rocket launch at Cape Canaveral over technical issues
    After suffering through various technical issues with its Falcon 9 rocket, Hawthorne rocket maker SpaceX canceled its scheduled launch from Cape Canaveral. The company is targeting Thursday at 2:38 p.m. PST for its next launch attempt. SpaceX,...
  • Watch SpaceX launch telecommunications satellite from Cape Canaveral

    Watch SpaceX launch telecommunications satellite from Cape Canaveral
    [Updated 3:50 p.m. PST Nov. 25: SpaceX said it has canceled the planed launch because of technical issues. It has rescheduled the launch for Thursday at 2:38 PST. See the follow-up story here.]  Hawthorne rocket maker SpaceX is preparing to launch an...