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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
  • Arkansas governor heading to Europe to recruit business

    Arkansas Gov. Asa Hutchinson said Thursday that he will leave this weekend for an economic development trip to France and Germany to recruit foreign companies to bring their operations to Arkansas. The weeklong trip will tout the state's aerospace and...
  • Lockheed Martin lands $78 million contract for Royal Air Force

    Lockheed Martin lands $78 million contract for Royal Air Force
    About 30 Orlando-based Lockheed Martin employees will be on a team that helps train the Royal Air Force in United Kingdom. The defense giant, which has two facilities in Orlando, won a $78 million, 12-year contract to build and develop a training...
  • Cindy Parr to leave HSP after 28 years in Carroll

    Cindy Parr to leave HSP after 28 years in Carroll
    Cindy Parr has been a fixture of Carroll County public life for almost 30 years, working as a journalist, in Carroll County government and, most recently, as the executive director of Human Services Programs of Carroll County Inc. On July 6, Parr, 57,...
  • Germany to get new air defense system, battleships

    Germany plans to acquire a new air defense system and four new battleships over the coming years for a total of nearly 8 billion euros ($8.9 billion). Military chief Gen. Volker Wieker said Tuesday that Germany plans to get the Medium Extended Air...
  • Germany inks defense deal with Lockheed Martin in central NY

    Germany has signed a deal with Lockheed Martin to manufacture a missile defense system. Germany selected MEADS, or Medium Extended Air Defense System, in a deal worth up to $4.5 billion. The project is the largest in the history of the Lockheed Martin...
  • American Water Works latest firm considering move to Camden

    New Jersey may offer a company $164 million in tax credits to move to Camden. The state Economic Development Authority is scheduled to vote Tuesday on the tax credits for American Water Works Co. Inc., which is based in suburban Voorhees, about 10...
  • Kaman To Restart Helicopter Production In Bloomfield

    BLOOMFIELD — Kaman Corp. is restarting production of its K-MAX helicopter, resuming aircraft production for the first time since it stopped making the helicopter more than a decade ago. The work will be split between Kaman's facilities in...
  • Sikorsky Cutting 1,400 Jobs — 180 In Connecticut; Closing Bridgeport Site

    Sikorsky Cutting 1,400 Jobs — 180 In Connecticut; Closing Bridgeport Site
    Sikorsky Aircraft is cutting its global workforce by nearly 10 percent as low oil prices reduce demand for the helicopter maker's commercial aircraft to ferry workers to offshore rigs. The Stratford-Based company also cited softening international demand...
  • Elon Musk: 'If I cared about subsidies, I would have entered the oil and gas industry'

    Elon Musk: 'If I cared about subsidies, I would have entered the oil and gas industry'
    Elon Musk says his companies don't need the estimated $4.9 billion they enjoy in government support, but the money will help them move faster to transform the dirty business of energy. "If I cared about subsidies, I would have entered the oil and gas...
  • Guest column: Maryland has lost its edge

    Guest column: Maryland has lost its edge
    A compelling new report produced by the private-sector Maryland Economic and Business Climate Commission confirms that "Maryland has not nearly reached its potential in growing business and creating jobs." The report is the product of a 21-person...
  • reFramed: In conversation with Stephen Somerstein

     
    On March 7, 1965, we were following the television news reports of the violent beatings of John Lewis, Hosea Williams and 600 marchers as they attempted to peacefully march from Selma to the Alabama state capital in Montgomery to protest the inability...