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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
  • U.S.-Russia tension could affect space station, satellites

    The escalating tension between the U.S. and Russia over Ukraine has reached a new altitude: space. In the aftermath of the Cold War, the two superpowers set aside their mistrust and agreed to build a massive orbiting outpost as a symbol of a new era...
  • Women directors are increasing on Maryland corporate boards, study finds

    Women directors are increasing on Maryland corporate boards, study finds
    The number of women on corporate boards in Maryland increased last year, and for the first time, all businesses that joined the state's publicly traded companies had at least one woman board member, Network 2000 said in a report released Wednesday....
  • 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...
  • Rocket blasts off from Vandenberg, lifts military satellite into orbit

    Rocket blasts off from Vandenberg, lifts military satellite into orbit
    An 18-story rocket carrying a $518-million military weather satellite was launched into orbit from Vandenberg Air Force Base on Thursday, extending the life of a program that began in the early 1960s. The 7:46 a.m. PDT blastoff was the first of the year...
  • 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...
  • Under Armour suits not to blame for speedskaters' lackluster Olympics

    Under Armour suits not to blame for speedskaters' lackluster Olympics
    The controversy over whether Under Armour's high-tech skinsuits contributed to U.S. speedskaters' poor showing at the Sochi Olympics seemed over when the Baltimore-based sports brand renewed its sponsorship of the sport through two more Winter Olympics...
  • F-35 spending buoys Lockheed, Harris

    F-35 spending buoys Lockheed, Harris
    Central Florida's largest high-tech players — Lockheed Martin Corp. and Harris Corp. — have a big chunk of their revenue prospects hitched to the often controversial, sometimes uneven flight path of the F-35 Joint Strike Fighter. Over the...
  • Aerojet Rocketdyne to lay off about 150 workers in Canoga Park

    Aerojet Rocketdyne to lay off about 150 workers in Canoga Park
    About 150 employees at rocket engine maker Aerojet Rocketdyne in Canoga Park were told Wednesday that they would be laid off as part of a companywide reduction that the company says is related to last year's merger. Aerojet Rocketdyne was created by the...
  • U.S. Navy adds 2nd sub-hunting plane to search for Malaysian jetliner

    U.S. Navy adds 2nd sub-hunting plane to search for Malaysian jetliner
    The Navy is adding another advanced submarine-hunting aircraft to its effort to find debris from missing Malaysia Airlines Flight 370. A second P-8 Poseidon will replace an older P-3 Orion in the 30,000-square-mile search area in the rough waters of the...
  • Military weather satellite set for launch from Vandenberg base

    For more than 15 years, a $518-million military weather satellite sat in a clean room at Lockheed Martin Corp.'s facility in Sunnyvale waiting for the day it would be launched into orbit from Vandenberg Air Force Base. On Thursday morning, 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...