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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 45-55
  • Lockheed Martin to pull employees out of Iraq over safety concerns

    Lockheed Martin to pull employees out of Iraq over safety concerns
    Global defense and security company Lockheed Martin announced plans Thursday to evacuate all employees from the Balad area in northern¬†Iraq due to concerns for their safety with escalating violence in the region, officials confirmed. “We are fully...
  • Iraq Kurds seize Kirkuk; Sunni militants surge toward Baghdad

    Iraq Kurds seize Kirkuk; Sunni militants surge toward Baghdad
    Iraqi Kurdish forces took control of the northern oil city of Kirkuk earlier Thursday, after government troops abandoned their posts in the face of a triumphant Sunni Islamist rebel march towards Baghdad that threatens Iraq's future as a unified state....
  • Iraq crisis: Obama faces limited options in Iraq crisis, doubts over air strikes

    Iraq crisis: Obama faces limited options in Iraq crisis, doubts over air strikes
    Two and a half years after President Barack Obama disentangled America from a long, unpopular war in Iraq, his options for helping the Iraqi government stave off a militant onslaught are slim as doubts simmer over whether even punishing air strikes...
  • 'Maleficent' casts spell on box office. R.I.P. Ann B. Davis.

    'Maleficent' casts spell on box office. R.I.P. Ann B. Davis.
    After the coffee. Before deciding who to root for in the Stanley Cup. The Skinny: I'm not a hockey fan, but I did watch the Kings' overtime win. Now I have a dilemma. Do I root for the Kings or do I root for the Rangers because in my heart I'm a New...
  • Ellicott City parachutist dropping into France for D-Day 70th

    Ellicott City parachutist dropping into France for D-Day 70th
    An Ellicott City resident has spent this past week in Normandy, taking an unique perspective on the 70th anniversary of the D-Day invasion during World War II. Scott Gray, 48, a member of the Maryland-based Round Canopy Parachute Team, is taking part in...
  • Bob Hope Airport OKs balanced budget

    Bob Hope Airport OKs balanced budget
    Bob Hope Airport officials on Monday approved a balanced budget for next fiscal year even though revenues are projected to remain relatively flat — and they didn't have to raise airline landing fees. In the past few years, officials have taken...
  • Political turmoil could give California rocket firm edge over Russians

    Political turmoil could give California rocket firm edge over Russians
    Political fallout over the seizure of Crimea has caused the U.S. government to rethink its partnership with Russia on space programs, which has bolstered business prospects for a historic California rocket company. Engineers at Aerojet Rocketdyne in...
  • Patterson High students participate in White House science fair

    Patterson High students participate in White House science fair
    Countless famous footsteps have crossed the White House's entrance hall, but on Tuesday, some of the country's top science and technology dignitaries had to dodge a hovercraft made of foam and a paper bowl whizzing across the shiny pink-and-white marble....
  • Military's pricey F-35 fighter jet catches fire during takeoff in Florida

    Military's pricey F-35 fighter jet catches fire during takeoff in Florida
    A fire broke out on a F-35 Joint Strike Fighter after an attempted takeoff at Eglin Air Force Base in Florida. The radar-evading, supersonic fighter jet, a nearly $400-billion weapons program under development for more than a decade, experienced the...
  • F-35 fighter jets to resume flights after fire led to grounding

    F-35 fighter jets to resume flights after fire led to grounding
    A fleet of F-35 Joint Strike Fighter jets is expected to return to regular flight operations at Eglin Air Force Base in Florida after being grounded because of a fire this week. All F-35 flight operations for the Air Force at the base had been...
  • SpaceX CEO Elon Musk suggests rival hired official in return for deal

    SpaceX CEO Elon Musk suggests rival hired official in return for deal
    Elon Musk, chief executive of Space Exploration Technologies Corp., went on Twitter to suggest that his competitors hired an Air Force official in return for a big contract. The 42-year-old billionaire didn't offer backup for his accusations against...