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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
  • Bill gives Northrop massive tax break

    Bill gives Northrop massive tax break
    SACRAMENTO — The state Senate has rushed to the governor a massive tax break designed to boost Northrop Grumman Corp.'s chances of landing a government contract to build next-generation stealth bombers for the Air Force. Final passage of the bill,...
  • California bill would provide bomber tax credit for Northrop Grumman

    California bill would provide bomber tax credit for Northrop Grumman
    With almost no debate, the state Assembly on Monday unanimously approved a nearly half-a-billion dollar potential tax credit for Northrop Grumman Corp. should it win a new Air Force bomber contract and build the aircraft in California. It now is back in...
  • Imperial County wants state to require use of more geothermal energy

    California's poorest county wants a bigger share of the state's $16-billion wholesale electricity market. Imperial County, which stretches east of San Diego County to Arizona, is seeking a special deal from the Legislature and Gov. Jerry Brown that...
  • Spread the word: Salvation Army now in Zellwood

    Spread the word: Salvation Army now in Zellwood
    With some help from a local church, a group of Boy Scouts and Lockheed Martin Corp., the Salvation Army of Orlando has opened an outreach center in Zellwood. For now, the new office -- at 5538 Jones Ave. -- is open only on Tuesdays from 9:30 a.m. to...
  • U.S. military grounds F-35 Joint Strike Fighter after fire

    U.S. military grounds F-35 Joint Strike Fighter after fire
    In the latest setback for the Pentagon's pricey F-35 Joint Strike Fighter program, the U.S. military has grounded all of the fighter jets from flight operations after a fire that occurred at Eglin Air Force Base in Florida this week. Flights were...
  • California lawmakers weigh tax credit for bomber program

    A bitter fight has broken out between aerospace industry behemoths over fast-tracked legislation that could provide one company with an upper hand in an upcoming $55-billion competition to build a fleet of next-generation stealth bombers. On one side is...
  • Sensor project will rely on teamwork

    Sensor project will rely on teamwork
    If all the dollars and cents, bricks and mortar eventually fall into place, the University of Central Florida will make a national showcase out of its proposed smart-sensor research and manufacturing center in Osceola County. One thing has become clear,...
  • NASA finalizes contract to build the most powerful rocket ever

    NASA finalizes contract to build the most powerful rocket ever
    NASA has reached a milestone in its development of the Space Launch System, or SLS, which is set to be the most powerful rocket ever and may one day take astronauts to Mars.  After completing a critical design review, Boeing Co. has finalized a $2.8-...
  • Matthew T. Kellermann, systems analyst

    Matthew T. Kellermann, systems analyst
    Matthew T. Kellermann, a computer systems analyst and lifelong baseball fan, died Aug. 1 of a heart attack at his Ellicott City home. He was 53. The son of John L. "Jack" Kellermann, an American Telephone & Telegraph worker, and Ruth Bopp Kellermann,...
  • U.S.-Africa summit garners over $17 billion in investment pledges

    U.S.-Africa summit garners over $17 billion in investment pledges
    WASHINGTON (Reuters) - African leaders on Tuesday called for a deeper economic relationship with the United States, hailing investment pledges totaling more than $17 billion at a Washington summit as a fresh step in the right direction. U.S. and...
  • California grants $420-million tax break to Lockheed Martin Corp.

    The Legislature went home for a month Thursday, but not before handing aerospace giant Lockheed Martin Corp. a controversial $420-million tax break. Branded as a sweetheart deal for Lockheed, the bill sailed through the Assembly and Senate — but...