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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
  • Boosting business the Maryland way

    Boosting business the Maryland way
    When it comes to business in Maryland, the views of Norman R. Augustine should not be taken lightly. A former CEO of Lockheed Martin and Under Secretary of the U.S. Army, he graduated from Princeton magna cum laude, holds 29 honorary degrees and built a...
  • Augustine panel sets agenda to bolster business in Md.

    Augustine panel sets agenda to bolster business in Md.
    Declaring that Maryland can no longer depend on the federal government for job growth, former Lockheed Martin CEO Norman R. Augustine presented state legislators Thursday with a list of steps they could take to improve its ability to compete for business....
  • Bomber contract could push Northrop into Boeing's arms

    SEATTLE When the Pentagon this spring announces who will design and build a major new stealth bomber for the Air Force, the decision will determine Boeing's future in the combat-aircraft business. The choice could also reshape the military-industrial...
  • Video: Sen. Nelson talks about new Lockheed sim center

    Video: Sen. Nelson talks about new Lockheed sim center
    Senator Bill Nelson 'flew' a Lockheed Martin F-35 Lightning II as dignitaries, executives and employees celebrated the grand opening of the Innovation Demonstration Center at Lockheed Martin's east Orlando campus, Monday. The center showcases the latest...
  • 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&...
  • Defense contractors see opportunity in cybersecurity sector

    Defense contractors see opportunity in cybersecurity sector
    After a year that saw destructive cyberattacks on major U.S. companies, President Obama's call to stiffen America's digital defenses could help bolster the bottom lines of top defense and aerospace contractors facing cutbacks in Pentagon spending. In...
  • Atlas V rocket set to launch Tuesday from Cape Canaveral

    Atlas V rocket set to launch Tuesday from Cape Canaveral
    An Atlas V rocket is set to blast off from Cape Canaveral Air Force Station on Tuesday night with a military telecommunication satellite intended to help build a communications network in the sky. The rocket, scheduled to lift off at 7:43 p.m. Tuesday,...
  • Investing: 5 lessons from my winners

    I've spent the past few months discussing some of the errors I've made in my Practical Investing portfolio, so I thought it might be time to talk about a few of my winners. Four of my stocks have more than doubled since I bought them: Apple (symbol AAPL,...
  • Advanced Green Technologies wins $5 million solar contract

    Advanced Green Technologies wins $5 million solar contract
    A Fort Lauderdale business has won a $5 million contract to build a solar-energy project for defense contractor Lockheed Martin in the Tampa area, one of the largest solar investments by a business in the Sunshine State. The contract went to Advanced...
  • Lockheed Martin grant will grow STEM offerings in Orange schools

    Lockheed Martin grant will grow STEM offerings in Orange schools
    Classwork that exposes students to science, engineering, technology and mathematics will be expanded to all of Orange County's 184 traditional public schools within three years under a $2 million grant from Lockheed Martin. The grant, unveiled...
  • Boeing poised for $15.6 billion in Air Force work on tanker

    WASHINGTON Boeing Co. may reap as much as $15.6 billion through 2020 from the U.S. Air Force for development and production of its KC-46 aerial refueling tanker, according to estimates by the service. The Air Force is requesting $2.95 billion for the...