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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
  • Exclusive: Phone registry company Neustar weighs sale - sources

    Neustar Inc, a company which helps North American telecommunication carriers route calls and text messages, is considering a potential sale amid interest from private equity firms, according to people familiar with the matter. No formal sale process...
  • Obama orders review of police use of military hardware

    EDGARTOWN Mass./WASHINGTON (Reuters) - U.S. President Barack 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....
  • Lockheed's exoskeleton 'Iron Man suit' may fit commercial world

    Lockheed's exoskeleton 'Iron Man suit' may fit commercial world
    Lockheed Martin Corp.'s Orlando missiles group unveiled its latest version of exoskeleton wear last week, a sign that the defense contractor may once again have its eye on the commercial world. Well known for aptly named military weapons such as...
  • Baltimore startup Maddrix lands on list of NSA cybersecurity experts

    Baltimore startup Maddrix lands on list of NSA cybersecurity experts
    When federal databases containing sensitive information on U.S. intelligence or nuclear weapons come under cyberattack, the agencies call on major companies like Lockheed Martin, Verizon and Booz Allen Hamilton — as well as a two-year-old startup in...
  • U.S. Ex-Im Bank's satellite push complicates its fight for survival

    WASHINGTON (Reuters) - The U.S. Export-Import Bank, caught in a rare political storm over its mission, is fighting for survival and its best line of defense is to debunk criticism that the 80-year-old institution favors corporate giants over small...
  • 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....
  • U.S. report rips Boeing, Raytheon quality controls on missile defense

    U.S. report rips Boeing, Raytheon quality controls on missile defense
    WASHINGTON (Reuters) - The Pentagon's internal watchdog on Monday said it found numerous quality control problems during an investigation of the troubled "kill vehicle", or warhead, built by Raytheon Co for the Boeing Co-led U.S. missile defense system....
  • 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...
  • 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...
  • 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...