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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
  • 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...
  • 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...
  • Osceola smart sensor consortium gets funding, hires new experts

    Osceola smart sensor consortium gets funding, hires new experts
    University of Central Florida and Osceola County have made strides over the past few months on a proposal to build the Florida Center for Advanced Manufacturing Research in the Kissimmee area. The Osceola facility would focus on high-tech smart sensors,...
  • 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,...
  • Gov. Brown signs bills on transit projects, bribery, tax breaks

    Gov. Jerry Brown signed bills Friday to shine more sunlight on Los Angeles County transportation projects, extend the time for prosecuting bribery cases and authorize a possible tax break for a major aerospace company in California. In all, Brown signed...
  • Space innovators seek Orlando gamer connection

    Space innovators seek Orlando gamer connection
    There's a new effort afoot in Central Florida to connect the struggling space industry to young, innovative tech minds in Orlando, which could boost interest in space and bring fresh ideas to Kennedy Space Center. Sparked by an event over the weekend at...
  • Want to deplete your tax base? Give 'job creators' what they want

    They say the house always wins, but the state of Nevada is letting Tesla walk away with the store. Back in June, the electric car company and its partner Panasonic broke ground outside Reno for a multibillion-dollar “gigafactory.” As the...
  • 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...