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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
  • 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&...
  • Looking Out: Maryland companies score high marks in LGBT equality report

    Looking Out: Maryland companies score high marks in LGBT equality report
    Several companies in Maryland scored high marks for lesbian, gay, bisexual and transgender equality in the Human Rights Campaign's annual Corporate Equality Index, released this week. Of eight companies in the state included in the study, six earned a...
  • 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....
  • NASA's Orion completes historic flight, ushers in 'new era'

    NASA's Orion completes historic flight, ushers in 'new era'
    NASA entered a new era of space exploration on Friday when its Orion capsule splashed down in the Pacific Ocean after going farther from the planet than any spacecraft built for humans in more than 40 years. The maiden test flight — made without...
  • Lockheed Martin updates decades-old maintenance system for military, delivers 1st product

    Lockheed Martin updates decades-old maintenance system for military, delivers 1st product
    An updated electronics maintenance system built in Orlando by Lockheed Martin will eventually land on every U.S. aircraft carrier. The electronic Consolidated Automated Support System, or eCASS, allows for remote trouble shooting and repairs to...
  • SpaceX plans for lots of launches, then on to Mars

    SpaceX plans for lots of launches, then on to Mars
    KENNEDY SPACE CENTER — Once the launchpad for Apollo and space shuttle flights, NASA's historic Launch Complex 39A is now in the hands of SpaceX and its enigmatic billionaire leader, Elon Musk. With a 20-year lease, the privately held Hawthorne,...
  • 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...
  • 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,...
  • Small church fights Episcopal diocese over land

    Small church fights Episcopal diocese over land
    The Church of the Ascension is an unremarkable Middle River landmark, just a squat, brick building on an isolated peninsula south of Martin State Airport. But for Episcopalians in eastern Baltimore County's Wilson Point community, the small church has...
  • 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,...