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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
  • Ex-Pratt Worker Allegedly Tried To Ship F-35 Files To Iran

    Ex-Pratt Worker Allegedly Tried To Ship F-35 Files To Iran
    Pratt & Whitney said Monday it is cooperating with authorities after federal agents arrested a former employee for trying to ship documents to Iran related to the U.S. military's Joint Strike Fighter aircraft. The East Hartford defense contractor, the...
  • Less dependence on defense work

    From military training contractors to commercial web app developers, many players in Central Florida's high-tech sector expect to make 2014 a year of thinking outside the box. The region's training and simulation industry — considered the...
  • Former Pratt Employee Indicted For Allegedly Trying To Send Engine Files To Iran

    A federal grand jury in Bridgeport on Tuesday indicted a former Pratt & Whitney employee with two counts of transporting stolen property across state lines for his alleged attempts to ship proprietary documents to Iran related to the U.S. military's Joint...
  • Lockheed exaggerates number of jobs on F-35 program, new report says

    Lockheed exaggerates number of jobs on F-35 program, new report says
    Lockheed Martin Corp.’s claims that the development and construction of the nearly $400 billion F-35 Joint Strike Fighter will sustain 125,000 jobs in 46 states is “greatly exaggerated,” according to a new report by a research center.  ...
  • Engineer accused of trying to send F-35 fighter jet papers to Iran

    Engineer accused of trying to send F-35 fighter jet papers to Iran
    Customs agents in Long Beach were shocked after opening boxes labeled "House Hold Goods" bound for Iran and finding thousands of documents outlining secret information on the military's $392-billion fighter jet program. The treasure trove of technical...
  • Army taps Lockheed Orlando for $140 million in contracts

    Army taps Lockheed Orlando for $140 million in contracts
    From guided weapons to missile radars, Lockheed Martin Corp.'s Orlando missiles group has received three Army contracts – two of them involving foreign military sales - together worth nearly $140 million, the Pentagon said this week. Hundreds of...
  • Lockheed earnings increase 23% in first quarter

    Lockheed earnings increase 23% in first quarter
    Despite lower overall revenue, defense giant Lockheed Martin Corp. easily topped Wall Street's profit expectations in the first quarter, the company said Tuesday. The nation's largest defense contractor earned $933 million, or $2.87 a share, in the...
  • Bob Hope Airport sees slight decline in passengers

    Bob Hope Airport sees slight decline in passengers
    After a two-month boost in passengers at Bob Hope Airport, there was a 1.3% decline in February compared to the same time last year, though the percentage of occupied seats on planes grew, according to the latest passenger report. The airfield handled...
  • SoCal sonic boom: Calling card of the top-secret Aurora spy plane?

    SoCal sonic boom: Calling card of the top-secret Aurora spy plane?
    Was that an earthquake, or an ordinary sonic boom, that rattled Southern California on Wednesday afternoon — or was it the return of Aurora, the nation’s long-rumored, never-confirmed, some-say-mythological super-secret, super-fast spy plane?...
  • California Senate approves property tax break for space firms

    SACRAMENTO — Private space companies, such as SpaceX in Hawthorne, would get a local property tax break on launch vehicles, fuel, satellites and other gear under a bill approved overwhelmingly Thursday by the state Senate. The proposal, AB 777...
  • Space entrepreneur seeks end to spy satellite launch monopoly

     Space entrepreneur seeks end to spy satellite launch monopoly
    A high-stakes battle is underway in Washington over launching the U.S. government's most sophisticated national security satellites. Space entrepreneur Elon Musk is pitted against the nation's two largest weapons makers, Boeing Co. and Lockheed Martin...