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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 34-44
  • Orlando tech companies aim for smart-sensor breakthroughs

    Orlando tech companies aim for smart-sensor breakthroughs
    An optical-sensor camera captures a 3-D image of Blair Barbour's face, scanning every line and crease. It instantly cross-matches the image with a huge database and determines whether he is anxious or calm; happy or angry; a possible terrorist or a...
  • F-35 jet combat ready next year despite engine fix: Lockheed

    OSLO (Reuters) - Lockheed Martin expects the cost of the F-35 fighter jet to drop to its target level by 2019 and still sees the first version of the aircraft combat ready by mid-2015, despite an engine failure which still needs a fix, the firm said on...
  • Pratt Still Searching For Root Of Engine Fire But Says F-35 Will Be Combat Ready In July

    Pratt Still Searching For Root Of Engine Fire But Says F-35 Will Be Combat Ready In July
    Pratt & Whitney engineers have developed a pair of fixes for its engine on Lockheed Martin's F-35 Joint Strike Fighter, and the East Hartford company plans to have a final repair chosen by the end of October. Chris Flynn, vice president of the military...
  • Pratt says next F-35 engine deals will cut costs by 7-8 percent

    WASHINGTON (Reuters) - Pratt & Whitney, a unit of United Technologies Corp, said its contracts with the Pentagon for the next two batches of engines for the Lockheed Martin Corp F-35 fighter jet will result in combined cost savings of 7 percent to 8...
  • Boeing-Lockheed venture said teaming with Bezos on rocket engine

    Boeing-Lockheed venture said teaming with Bezos on rocket engine
    A joint venture of Boeing Co and Lockheed Martin Corp plans to announce on Wednesday that it will team up with Blue Origin, a company run by Amazon.com Inc founder Jeff Bezos, to develop a new rocket engine, a source familiar with the plans said....
  • Pratt: Next F-35 Deal Will Cut Engine Costs Up To 8%

    Pratt: Next F-35 Deal Will Cut Engine Costs Up To 8%
    WASHINGTON — Pratt & Whitney said its contracts with the Pentagon for the next two batches of engines for the Lockheed Martin Corp F-35 fighter jet will result in combined cost savings of 7 percent to 8 percent. Bennett Croswell, president of...
  • SpaceX must meet high standard to get rocket certified : U.S. officials

    WASHINGTON (Reuters) - Senior U.S. Air Force officials on Tuesday said they favored competition for military rocket launches, but the Air Force needed to stick to its high standards in certifying the Falcon 9 rocket, built by privately-held Space...
  • Boeing, SpaceX poised to build 'space taxis' for NASA

    Boeing, SpaceX poised to build 'space taxis' for NASA
    NASA will partner with Boeing and SpaceX to build commercially owned and operated "space taxis" to fly astronauts to the International Space Station, ending U.S. dependence on Russia for rides, U.S. Senator Bill Nelson said on Tuesday. The U.S. space...
  • Boeing, SpaceX win contracts to build 'space taxis' for NASA

    CAPE CANAVERAL/WASHINGTON (Reuters) - NASA will partner with Boeing and SpaceX to build commercially owned and operated "space taxis" to fly astronauts to the International Space Station, ending U.S. dependence on Russia for rides, officials said on...
  • Boeing-Lockheed venture wins $938 million in U.S. rocket launch deal

    WASHINGTON (Reuters) - United Launch Alliance, a joint venture of Boeing Co and Lockheed Martin Corp , has won a contract from the U.S. Air Force for $938 million in additional work on military rocket launch services, the Pentagon said on Tuesday. The...
  • Pratt Sees Clarity On 'Root Cause' Of F-35 Engine Issue By Month's End

    WASHINGTON — Pratt & Whitney says the "root cause" of the June 23 engine failure on a Lockheed Martin Corp F-35 fighter jet should be clear by the end of September, which would pave the way for over $1 billion in contracts for an additional 84...