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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
  • 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...
  • 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...
  • 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...
  • 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...
  • Maryland lost 9,800 jobs in January, Labor Department says

    Maryland lost 9,800 jobs in January, Labor Department says
    Maryland's employment base shrank by nearly 10,000 jobs in January and grew at a much weaker pace last year than originally estimated, the federal government said Monday. The state had about 23,000 more jobs in December than a year earlier, down from the...
  • Lockheed reels in foreign military sales to Saudi Arabia, Iraq

    Lockheed reels in foreign military sales to Saudi Arabia, Iraq
    Lockheed Martin Corp.'s Orlando operations have received two U.S.-sponsored foreign military deals worth a total of almost $50 million to provide weapons systems and support to Iraq and Saudi Arabia, according to Department of Defense figures. Orlando-...
  • A plan for building Maryland's economy [Commentary]

    A plan for building Maryland's economy [Commentary]
    Earlier this General Assembly session, we joined together to announce a transformational economic development commission, a part of a joint economic development agenda that builds on the strategic investments Gov. Martin O'Malley and the legislature...
  • Malaysia Airlines Flight 370: Why aren't drones helping the search?

    Malaysia Airlines Flight 370: Why aren't drones helping the search?
    A fleet of navy ships and advanced search aircraft from 26 nations have been scouring vast expanses of the Indian Ocean, looking for seat cushions, door panels or aluminum that might help solve the mystery of Malaysia Airlines Flight 370. But noticeably...
  • Billionaire Musk makes push to launch military satellites

    Los Angeles billionaire Elon Musk, chief executive of Hawthorne rocket maker SpaceX, testified before Congress that the U.S. Air Force and other agencies are paying too high a price to launch its most valuable satellites into orbit. The government...