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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
  • Aging nuclear arsenal grows ever more costly

    Aging nuclear arsenal grows ever more costly
    Pipes, tanks and other equipment rust in the humid Southern air. Leaky roofs leave puddles on factory floors. Abandoned buildings are scattered across an 800-acre site contaminated with hundreds of tons of mercury. If this were a factory making cars...
  • U.S. space industry girds for more oversight after accidents

    U.S. space industry girds for more oversight after accidents
    Executives in the fledgling commercial U.S. space industry are bracing for increased scrutiny and oversight after two accidents last week, including one that killed a pilot, but say they view the mishaps as temporary setbacks that will not halt launches....
  • What "Chairman McCain" means to U.S. defense contractors

    The pros at Politico's Morning Defense have weighed in with their post-election analysis. Sen. John McCain, R-Ariz. will take over leadership of the Senate Armed Services Committee. He's a hawk, but that doesn't mean good news for defense contractors....
  • Special ocean probes improve tropical forecasts

    Special ocean probes improve tropical forecasts
    The mission: Determine where Tropical Storm Edouard might grow into a strong hurricane – and improve the forecast. The method:  Drop a series of highly specialized sensors from a hurricane hunter aircraft into the Atlantic in advance of the...
  • F-35 makes first landing aboard carrier Nimitz

    F-35 makes first landing aboard carrier Nimitz
    The F-35C Lightning II Joint Strike Fighter made its first arrested landing aboard an aircraft carrier Monday off the coast of San Diego, the Navy announced that night. The landing marks the start of two weeks of at-sea developmental tests for the new...
  • Pratt Wins $1.05 Billion Contract For 48 F-35 Engines

    WASHINGTON — Engine maker Pratt & Whitney on Thursday said it had won a contract to build an eighth batch of 48 engines for the F-35 fighter jet built by Lockheed Martin Corp, bringing the total value of the deal to $1.05 billion. Pratt, a unit...
  • Lockheed Martin shares slip after 3Q results

    Lockheed Martin shares slip after 3Q results
    Lockheed Martin (NYSE: LMT) shares dropped more than four pecent in Tuesday morning trading, after the company announced net sales decreased two percent to $11.1 billion in the third quarter. Net earnings from continuing operations for the defense...
  • Roy Greenough: He built the planes that won the wars

    Roy Greenough: He built the planes that won the wars
    Back during World War II, down on the floor of the airplane factory, Roy Greenough was the guy who knew how to get things done. Though not an engineer, Greenough had enough training in design, planning and drafting, and enough understanding about how...
  • Oak Ridge revitalizes Aviation and Aerospace magnet program

    Oak Ridge revitalizes Aviation and Aerospace magnet program
    Oak Ridge High School has revitalized and relaunched its Aviation and Aerospace Engineering Magnet as Orange schools considre broad changes to magnet programs district-wide. The school, which is also home to three other magnets, has reshaped the program...
  • This year's 50 Women to Watch inspire across societal, generational lines

    This year's 50 Women to Watch inspire across societal, generational lines
    For the second year, the Sun Magazine has chosen 50 women whose achievements and commitment stand out, but editor Anne Tallent said it could easily have been twice that many. Reading the nominations — there were more than 250 — and the...
  • PASSINGS: Bob Suter, Austin 'Goose' Gonsoulin, Magda Olivero, John D. Kendall, Noel Hinners

     PASSINGS: Bob Suter, Austin 'Goose' Gonsoulin, Magda Olivero, John D. Kendall, Noel Hinners
      Bob Suter Member of U.S. hockey team that won a gold medal at 1980 Olympics Bob Suter, 57, a member of the "Miracle On Ice" hockey team that won the Olympic gold medal in 1980 and the father of Minnesota Wild NHL star Ryan Suter, died suddenly...