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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 78-88
  • 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....
  • Northrop Grumman facility latest addition to Maryland space industry

    Northrop Grumman facility latest addition to Maryland space industry
    Northrop Grumman broke ground Monday on a 25,00-square-foot facility specializing in cargo bound for space, the latest expansion to Maryland's slowly growing space industry. The $20 million center near Baltimore-Washington International Thurgood Marshall...
  • Air Force taking bids to launch spy satellites for 1st time in decade

    For the first time in a decade, the Air Force has opened up a rocket competition to launch the U.S. government's most sophisticated national security satellites. The Air Force released a request for proposal on Tuesday to companies that want to...
  • Parking revenue at Bob Hope hits turbulence

    Parking revenue at Bob Hope hits turbulence
    Bob Hope Airport officials said this week they want to better understand the “troubling” fluctuations in parking revenue. “Historically, the number of passengers that would come in any given month was more or less reflective of the...
  • The oxymoron of peace

    "At the same time, values and ideas which were considered universal, such as cooperation, mutual aid, international social justice and peace as an encompassing paradigm are also becoming irrelevant." Maybe this piercing observation by Roberto Savio,...
  • B-2 stealth bomber made its maiden flight 25 years ago

     B-2 stealth bomber made its maiden flight 25 years ago
    The radar-evading B-2 stealth bomber has been called one of the greatest achievements in military technology. With its distinctive “flying wing” design, the B-2 has a wingspan nearly as long as the Boeing 747 jumbo jet and yet it on radar it...
  • Florida's space agency launches new pitch for commercial rockets

    Florida's space agency launches new pitch for commercial rockets
    In the war between the states for the emerging commercial-rocket-launch industry, Florida is scrambling to regain momentum after a key rival — Texas — has all but secured victory in a major battle. At stake are hundreds of jobs —...
  • The day ahead in business

    The day ahead in business
    Reports: June Consumer Price Index, ICSC-Goldman Sachs, June existing home sales, FHFA home price index for May, Richmond Fed Index for July, ICSC-Goldman Sachs and Redbook retail sales for period ending July 19 Local earnings: Discover Financial...