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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 111-121
  • Marketing flourishes at simulation show

    Marketing flourishes at simulation show
    While the crowd numbers declined a bit at last week's military training and simulation trade show in Orlando, the marketing, pitching and deal-making were still at full throttle, organizers said. Hundreds of defense contractors, including many newcomers...
  • Cubic Corp. Orlando unit wins Navy training contract

    Cubic Corp. Orlando unit wins Navy training contract
    With scores of local jobs at stake, Cubic Corp.'s Orlando unit has won a deal potentially worth $112 million to produce training and simulation systems for an advanced Navy craft known as the Littoral Combat Ship, officials said Wednesday. The local...
  • Lockheed Martin ends support of Boy Scouts over ban on gay leaders

    Lockheed Martin ends support of Boy Scouts over ban on gay leaders
    The Boy Scouts of America's ban on gay leaders is losing the organization more money -- this time from Maryland. This week, Bethesda-based Lockheed Martin, one of the largest private employers in the state, announced it will no longer provide...
  • Six states chosen as drone testing sites; California among losers

    WASHINGTON -- After a fierce nationwide competition that offers potentially big economic benefits for the winners, six sites were selected Monday for testing of how drones can be more widely used in U.S. airspace. The Federal Aviation Administration...
  • Drone giant California loses bids for federal testing sites

    Drone giant California loses bids for federal testing sites
    WASHINGTON — Although California is home to some of the nation's biggest drone manufacturers, the state was passed over Monday when the federal government picked six sites across the nation for testing the use of robotic aircraft in U.S. airspace....
  • O'Malley, Perry spar over jobs with 2016 in background

    O'Malley, Perry spar over jobs with 2016 in background
    After circling each other for days, Maryland Gov. Martin O'Malley and Texas Gov. Rick Perry clashed Wednesday in a nationally televised debate that was focused on state economic policy but tied closely to presidential politics. The state leaders —...
  • Lawyers in Michael Jackson wrongful-death suit can't mask animosity

    Brian Panish was indignant as the two men argued in the judge's chambers. "Judge," the Michael Jackson family attorney snapped, "if I want to give him the finger, I know how to give him the finger." "And you did it quite well twice," replied Marvin...
  • Lockheed Martin to furlough 3,000 employees

    Lockheed Martin to furlough 3,000 employees
    Bethesda-based Lockheed Martin said Friday that it will furlough about 3,000 employees across the company beginning Monday and warned that more workers would likely be sent home in later weeks if the federal government's partial shutdown continues....
  • In Md., government shutdown buffets businesses

    In Md., government shutdown buffets businesses
    At least 100 federal workers usually crowd the Salsa Grill in Woodlawn for lunch. By Friday, the fourth day of the partial federal government shutdown, their numbers dwindled to three. The Peruvian eatery — across from the Social Security...
  • Contractors among those shut out by shutdown

    Contractors among those shut out by shutdown
    Like her colleagues at the National Oceanic and Atmospheric Administration, Tiffany House packed up her desk last week hoping the government shutdown would last only a few days. But the single mom from Hyattsville will be in a position different from...
  • Lockheed to lay off 600 in mission, training systems business, which includes Orlando

    Lockheed to lay off 600 in mission, training systems business, which includes Orlando
    Lockheed Martin Corp. plans to hand out pink slips to about 600 workers across the country in its Mission Systems and Training division, which includes its Orlando simulation technology operation, the company said Wednesday. Bethesda, Md.-based Lockheed...