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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 12-22
  • US university, foundation invested in frozen Chinese stocks

    The University of Michigan, defense contractor Lockheed Martin Corp. and a foundation helping Appalachian children all own stakes in an overseas investment fund backing two major Chinese companies, which recently froze their stocks and missed financial...
  • Beyond race, building a movement for economic fairness

    Beyond race, building a movement for economic fairness
    With regard to all the recent public discourse on race and racism, I say this: Highlighting, protesting and reducing instances of excessive force by police is important. Curtailing violent crime among young black men deserves new urgency, especially in...
  • South Korean firm named sole bidder for big fighter jet deal

    South Korea chose a state-run aircraft maker on Monday as the sole preferred bidder for a contract to develop a midlevel fighter jet with the help of Lockheed Martin Corp. in the country's biggest-ever weapons development project. The deal worth $7.8...
  • Manufacturers and employees of year named

    Manufacturers and employees of year named
    A wireless tower designer, a pipeline repair company, a biopharmaceutical company and a submarine developer are the winners of the 2015 "Manufacturer of the Year" awards. The South Florida Manufacturers Association named the winners Thursday evening...
  • Siemens CEO: Tech talent needed

    Siemens U.S. CEO Eric Spiegel said last week that Central Florida has a lot of "horsepower" that can be leveraged to create one of the leading technology communities in the U.S. However, Spiegel, a Youngstown, Ohio, native whose son attends Rollins...
  • Lockheed Martin takes lid off new demonstration center

    Lockheed Martin takes lid off new demonstration center
    Lockheed Martin on Monday took the lid off a brand new demonstration center that doubles the size of its previous facility. The center, which helps the company showcase its work to potential customers, covers 20,000 square feet at the defense giant&...
  • Assembly leaders, Hogan agree on Augustine bills

    Assembly leaders, Hogan agree on Augustine bills
    The General Assembly's top leaders came together with Hogan administration officials Monday to call for passage of a package of bills intended to improve Maryland's business climate. Senate President Thomas V. Mike Miller and House Speaker Michael E....
  • Letter: Take profit motive out of war

    I have just finished a book titled, "War is a Racket," written in the 1930s by the war hero Smedley Butler. After reading this book, it occurred to me that before any war is entered into, four resolutions must be passed: No corporation will be allowed...
  • N.Y. Times douses talk of Orlando's tech growth

    N.Y. Times douses talk of Orlando's tech growth
    The New York Times is none-too-impressed with Orlando's technology community. In an article Thursday, the newspaper's politics and policy blog Upshot singled out Orlando as a city trying to rebrand itself as a tech hub. Journalist Josh Barro wrote...
  • Lockheed picks up $82M Army contract for targeting, night vision system

    Lockheed picks up $82M Army contract for targeting, night vision system
    Lockheed Martin on Monday announced that it had received an $82 million contract to manage logistics related to a targeting and night vision sensor program for the Apache helicopter. Management of the logistics for the system will take place in...
  • New stealth bomber contract likely to be boon for Antelope Valley

    New stealth bomber contract likely to be boon for Antelope Valley
    The Pentagon is poised to spend billions to build a new stealth bomber, a top secret project that could bring hundreds of jobs to the wind-swept desert communities in Los Angeles County's northern reaches. Two teams of defense contractors are now...