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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
  • Northrop Grumman facility latest addition to Maryland space industry

    Northrop Grumman facility latest addition to Maryland space industry
    Northrop Grumman broke ground Monday on a 25,00-square-foot facility specializing in cargo bound for space, the latest expansion to Maryland's slowly growing space industry. The $20 million center near Baltimore-Washington International Thurgood Marshall...
  • U.S. clears F-35 for limited flights, no decision on UK air show

    FARNBOROUGH England (Reuters) - U.S. military officials have approved a limited flight clearance for the Lockheed Martin Corp F-35 fighter jets that mandates engine inspections and certain flight restrictions, while an investigation continues into a...
  • Farnborough Air Show questions center on Airbus strategy

    When the Farnborough Air Show opens Monday outside London, the pressure will be on Airbus executives, who face a stack of big strategic questions about how they'll revamp their widebody-jet lineup. Such high-stakes decisions are frequently angst-ridden....
  • To keep 'Hollywood' in Hollywood, tax incentives are key

     To keep 'Hollywood' in Hollywood, tax incentives are key
    Sacramento raced this month to approve a $420-million tax break for one company — Lockheed Martin. In almost the same breath, the governor and legislative leaders pledged to give a similar credit to its aerospace rival Northrop Grumman. Their...
  • Memorial planned for Ocoee woman killed by son

    Memorial planned for Ocoee woman killed by son
    A year after an Ocoee woman was stabbed to death by her son, her family plans to gather this week to remember her and advocate against the abuse of parents by their children. The death of 51-year-old Rosemary Pate, who was found stabbed to death on...
  • B-2 stealth bomber made its maiden flight 25 years ago

     B-2 stealth bomber made its maiden flight 25 years ago
    The radar-evading B-2 stealth bomber has been called one of the greatest achievements in military technology. With its distinctive “flying wing” design, the B-2 has a wingspan nearly as long as the Boeing 747 jumbo jet and yet it on radar it...
  • Tesla tax break for building battery factory buried in aerospace bill

    Tesla tax break for building battery factory buried in aerospace bill
    Gov. Jerry Brown has quietly approved a potential property tax break for electric car maker Tesla Motors Inc. in hopes of enticing the high-tech, Palo Alto company to build a giant battery factory in California. The potential savings is buried in...
  • SpaceX gets Air Force certification toward launching military satellites

    Hawthorne rocket company SpaceX has reached a major milestone toward its goal to launch the U.S. government's most sophisticated national security satellites. The upstart firm announced Friday that the Air Force certified its Falcon 9 rocket after...
  • Air Force certifies SpaceX Falcon 9 flights

    Air Force certifies SpaceX Falcon 9 flights
    In a move that could shake up the spaceflight business, Hawthorne rocket company SpaceX has passed a key milestone toward its goal to launch the U.S. government's most sophisticated national security satellites. The upstart firm said Friday that the Air...
  • Pentagon Official: F-35 Engine Failure Likely Not Systemic

    Pentagon Official: F-35 Engine Failure Likely Not Systemic
    RAF FAIRFORD, England — The Pentagon's chief weapons buyer told lawmakers there was "growing evidence" that an engine fire on an Air Force F-35A jet last month was not a systemic issue, which sources familiar with the situation said could pave the...
  • Gov. Brown approves Lockheed-Boeing tax-credit offer

    Gov. Brown approves Lockheed-Boeing tax-credit offer
    Gov. Jerry Brown on Thursday put the finishing touch on a deal crafted with lawmakers to give aerospace giant Lockheed Martin Corp. a $420-million tax break if it helps build new stealth bombers in California. Brown signed into law a bill by two...