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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
  • 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...
  • 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...
  • 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...
  • Engineers building car using 3-D printer at McCormick Place

    Engineers building car using 3-D printer at McCormick Place
    Tucked in a corner inside McCormick Place engineers from two companies and a national laboratory are furiously working on the final days of a challenge to make, assemble and drive a 3-D printed car on Saturday. The self-imposed challenge showcases the...
  • Lockheed Orlando receives more F-35 millions

    Lockheed Orlando receives more F-35 millions
    Lockheed Martin Corp.'s Orlando simulation and training division has captured a major slice of the U.S. military's latest F-35 contract — a $122 million deal to build key support equipment for the much-criticized next-generation stealth fighter....
  • Main Street economic renaissance planned for Pacoima

    Main Street economic renaissance planned for Pacoima
    Lizeth Perez, 33, has lived in Pacoima all her life, but the only businesses she remembers patronizing there are a Jack in the Box and a tattoo shop that's no longer open. She spends her money instead in neighboring Arleta, which boasts a CVS, or...
  • Pentagon Says It Is Nearing Fix For F-35 Engine, Pratt To Pay

    WASHINGTON — Federal officials say they are nearing a fix for the engine that powers Lockheed Martin Corp.'s F-35 fighter jet and that engine-maker Pratt & Whitney has agreed to pay to retrofit 156 already delivered. Pentagon chief arms buyer Frank...
  • Driverless vehicles are in the Army's future

    Driverless vehicles are in the Army's future
    NEWPORTNEWS — U.S. military supply convoys have been constant targets in Iraq and Afghanistan over the years, but Army planners are working on a simple way to reduce the hazard: Let the vehicles drive themselves. Work is underway at the Combined...
  • Lockheed F-35 training work gets big boost

    Lockheed F-35 training work gets big boost
    Lockheed Martin Corp. has received a nearly $233 million boost to its Orlando work on flight-training and maintenance simulators for the advanced but often troubled F-35 Joint Strike Fighter program. The contract increase – one of the largest...
  • Navy will test Lockheed Martin exoskeleton technology

    Navy will test Lockheed Martin exoskeleton technology
    Lockheed Martin has received a contract for the U.S. Navy to evaluate and test human exoskeleton technology, which is basically a framework worn over clothing that is designed to help with heavy lifting. Specifically, the Navy is testing two Fortis...
  • Air Force grounds 82 F-16 fighter jets after cracks found near cockpit

    Air Force grounds 82 F-16 fighter jets after cracks found near cockpit
    The Air Force has temporarily grounded 82 of its aging F-16 fighter jets after structural cracks were found near the cockpits. The first cracks were discovered July 31 during post-flight inspections of a F-16D model, which is a two-seat variant...