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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 56-66
  • U.S. aims to fund alternative to Russian rocket engine in 2016

    WASHINGTON (Reuters) - The U.S. government hopes to add funding to its 2016 budget for alternatives to Russian-made rocket engines to launch sensitive satellites, a key Pentagon official said Wednesday. Defense Undersecretary Frank Kendall, the Pentagon'...
  • Defense cuts, Ex-Im bank weigh on aerospace companies

    WASHINGTON (Reuters) - Commercial aviation and defense companies are grappling with dwindling U.S. defense spending, an uncertain fate for U.S. export financing and questions about the readiness of the Pentagon's top weapons program, the F-35 Joint Strike...
  • Navy delays start of bidding for unmanned carrier-based drone

    Navy delays start of bidding for unmanned carrier-based drone
    The U.S. Navy, concerned about the affordability of a new carrier-based unmanned spy plane, has delayed this month's planned kickoff of the competition to build it, officials said on Tuesday. They said the Navy will wait to seek proposals for the...
  • Pentagon says nearing fix for F-35 engine, Pratt to pay

    WASHINGTON (Reuters) - U.S. officials said on Wednesday they were nearing a fix for the engine that powers Lockheed Martin Corp's F-35 fighter jet and the United Technologies Corp unit that makes the engine has agreed to pay to retrofit 156 already...
  • Pentagon official sees 'very, very painful' 2016 budget process

    WASHINGTON (Reuters) - The Pentagon's chief weapons buyer on Wednesday predicted "very, very painful" negotiations within the U.S. military as it shapes its fiscal 2016 budget this fall, given the resumption of mandatory cuts in U.S. defense spending, and...
  • With eye on China, Japan defense planners seek spending boost

    TOKYO (Reuters) - Japan's defense planners are seeking their biggest budget ever for the coming fiscal year to pay for stealth fighters, drones and a hi-tech submarine, as Prime Minister Shinzo Abe bolsters the military amid an intensifying rivalry with...
  • The sky's the limit [Editorial]

    The sky's the limit  [Editorial]
    If all goes well, NASA may soon be renting privately owned spacecraft to fly its astronauts into space. The agency reportedly is just weeks away from announcing contracts with one or more commercial firms to build a new, reusable orbital vehicle capable...
  • Pratt halted F-35 engine shipments in May over titanium

    (Reuters) - United Technologies Corp's Pratt & Whitney unit briefly suspended delivery of the engine for the F-35 Joint Strike Fighter jet in May because of questions about titanium provided to a parts supplier. Pratt said on Friday it discovered...
  • Exclusive: Lockheed, suppliers brainstorm how to lower F-35 operating costs

    WASHINGTON (Reuters) - Lockheed Martin Corp met with 90 key suppliers last week to brainstorm ways to lower the long-term cost of operating and maintaining the F-35 fighter jets from the Pentagon's current forecast of $1.02 trillion through 2065. Top...
  • Amid U.S. air strikes, Iraq struggles to build own air force

    WASHINGTON (Reuters) - President Barack Obama told a recent interviewer he did not want the U.S. military to become Iraq's air force. But he may have little choice. Iraq had only a fledgling air force when the United States withdrew in 2011. Washington...
  • In response to Ferguson, Obama orders review of police use of military hardware

    In response to Ferguson, Obama orders review of police use of military hardware
    President Obama has ordered a review of the distribution of military hardware to state and local police out of concern at how such equipment has been used during racial unrest in Ferguson, Missouri. The president ordered the examination of federal...