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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 67-77
  • U.S. Military Grounds All F-35 Jets After Fire At Florida Base

    In the latest setback for the Pentagon's nearly $400 billion F-35 Joint Strike Fighter program, the U.S. military has grounded all of the fighter jets from flight operations after one of them caught fire at Eglin Air Force Base in Florida earlier this...
  • 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...
  • 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,...
  • 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...
  • 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-...
  • 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...
  • 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...
  • 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...
  • 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...
  • Lockheed Martin delivers first F-16 to Iraq

    Lockheed Martin delivers first F-16 to Iraq
    It would’ve been unthinkable before 2003: a major U.S. contractor delivering a sophisticated warplane to Iraq. That’s what happened this week, punctuated by a ceremony Thursday at Lockheed Martin’s plant in Fort Worth, Texas....
  • Navy plan for carrier-based drones takes flak from lawmakers

    Navy plan for carrier-based drones takes flak from lawmakers
    A U.S. Navy plan for aircraft carrier-based drones has launched a dogfight in Washington over the role of the robotic planes in combat. The Navy has asked contractors for reconnaissance drones — essentially spy planes, with only limited ability to...