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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
  • Incubator boasts 3,600 jobs in 15 years

    Incubator boasts 3,600 jobs in 15 years
    The University of Central Florida's startup business incubator rolled out its latest economic impact estimates last week. And the numbers were impressive for a network that was founded 15 years ago. According to the study, here's the scorecard from 1999...
  • Military firms likely to benefit from airstrikes in Iraq, Syria

    Three days after U.S. warships fired 47 cruise missiles at Sunni militant targets in northern Syria last week, the Pentagon signed a $251-million deal to buy more Tomahawks from Raytheon Co., a windfall for the military giant and its many subcontractors....
  • U.S. eases arms embargo against Vietnam for maritime security

    WASHINGTON (Reuters) - The United States on Thursday partially lifted a long-time ban on lethal weapon sales to Vietnam to help it improve maritime security, a historic move that comes nearly 40 years after the end of the Vietnam War. "The State...
  • U.S. Air Force seeks to apply satellite savings lessons to other programs

    WASHINGTON (Reuters) - The U.S. Air Force hopes to translate its recent successes in driving down the cost of huge satellite programs to a range of other weapons, including Lockheed Martin Corp's C-130J transport plane, a top official told Reuters....
  • Lockheed Orlando lands $100M cruise missile deal

    Lockheed Orlando lands $100M cruise missile deal
    Lockheed Martin Corp.'s Orlando missiles group has landed an Air Force deal potentially worth $100 million to provide logistics, upgrades and other technical support work for next-generation cruise missiles, the Defense Department said this week. The new...
  • California lawmakers criticize Pentagon's purchase of Russian rockets

    A bipartisan group of U.S. House members from California has jumped into a high-stakes battle over the Pentagon’s use of Russian-made rocket engines to launch satellites. It’s an effort that already involves Hawthorne-based SpaceX Inc. and...
  • Pentagon upbeat on U.S.-India bid to deepen defense ties

    WASHINGTON (Reuters) - A top Pentagon official said on Tuesday he had "high expectations" for a joint U.S.-Indian effort to deepen defense ties, but it could take a while to reach agreement on specific weapons to develop or produce together. "Prime...
  • Boeing to shift most defense work out of Washington state

    WASHINGTON (Reuters) - Boeing Co on Monday said it would move the majority of its defense services and support work out of Washington state to other U.S. cities, affecting the jobs of about 2,000 of its 5,200 defense employees in the Puget Sound region....
  • SpaceX Falcon rocket blasts off from Florida

    CAPE CANAVERAL Fla (Reuters) - An unmanned Falcon 9 rocket blasted off from Cape Canaveral Air Force Station in Florida on Sunday to deliver a cargo ship to the International Space Station for NASA. The 208-foot (63-meter) tall booster, built and...
  • No quick fix in U.S. bid to end reliance on Russian rocket engines

    WASHINGTON (Reuters) - The U.S. drive to end its reliance on Russian rocket motors got a boost this week when Amazon.com Inc founder Jeff Bezos unveiled a new engine project, but officials and industry insiders say it will take years and hundreds of...
  • Hogan's plan for Md. doesn't add up [Letter]

    Hogan's plan for Md. doesn't add up [Letter]
    Larry Hogan held a fundraiser recently featuring New Jersey Gov. Chris Christie, and there are a few things Marylanders should consider before they jump on his bandwagon ("New Jersey Gov. Christie comes to Maryland for Hogan," Sept. 17). What Mr....