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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
  • Aircraft overhaul firm to expand in Miramar

    Aircraft overhaul firm to expand in Miramar
    Kellstrom Defense Aerospace, a military aircraft repair and overhaul company, will expand its South Florida operations to the IDI Corporate Park in Miramar. Kellstrom's customers include Lockheed Martin and Northrup Grumman. The expansion will create 20...
  • 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,...
  • Tourism photo company hiring 55 for new HQ

    Tourism photo company hiring 55 for new HQ
    Tourism photo company Magic Memories is establishing its U.S. headquarters in Orlando as it begins hiring about 55 people to work at the Orlando Eye. "Mostly we are looking for hourly employees, but there will be some salaried positions at our...
  • Berks company plays role in mission to Mars

    Berks company plays role in mission to Mars
    Berks County played host to America's space program Friday, as NASA's top boss got a firsthand tour of the factory where components are being made for the nation's next era of spacecrafts. "From this day on, the path to Mars goes through Bally,...
  • Congress OKs bill banning purchases of Russian-made rocket engines

    Congress OKs bill banning purchases of Russian-made rocket engines
    For more than a decade, the United States military has depended on buying Russian-made rocket engines to launch its most crucial satellites. On Friday, Congress said no more. Despite lobbying from a joint venture of Boeing Co. and Lockheed Martin Corp.,...
  • Spy satellite launched off California's coast

    Spy satellite launched off California's coast
    A rocket carrying a national defense satellite was launched Friday from Vandenberg Air Force Base. At 7:19 p.m., the Atlas V rocket blasted from the military base just north of Santa Barbara, according to the United Launch Alliance, which built the...
  • 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....
  • 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...
  • 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...
  • Lockheed helps military vets stay on a mission

    Lockheed helps military vets stay on a mission
    Mike Stickney says his 27 years in the Air Force filled him with a sense of mission. So when he left the military in 2012, he sought a way to continue that purpose. He says he found that at the defense giant Lockheed Martin, which has a heavy presence in...