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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
  • Lockheed Martin in research deal with Israel tech company Yissum

    Lockheed Martin in research deal with Israel tech company Yissum
    Lockheed Martin agreed to conduct joint research with Yissum, the technology transfer company of the Hebrew University of Jerusalem, and has the option to purchase exclusive licenses to products resulting from their research. The research will focus on...
  • Incubator boasts 3,600 jobs in 15 years

    Incubator boasts 3,600 jobs in 15 years
    The University of Central Florida's startup business incubator rolled out its latest economic impact estimates last week. And the numbers were impressive for a network that was founded 15 years ago. According to the study, here's the scorecard from 1999...
  • Military firms likely to benefit from airstrikes in Iraq, Syria

    Military firms likely to benefit from airstrikes in Iraq, Syria
    Three days after U.S. warships fired 47 cruise missiles at Sunni militant targets in northern Syria last week, the Pentagon signed a $251-million deal to buy more Tomahawks from Raytheon Co., a windfall for the military giant and its many subcontractors....
  • Lockheed Orlando lands $100M cruise missile deal

    Lockheed Orlando lands $100M cruise missile deal
    Lockheed Martin Corp.'s Orlando missiles group has landed an Air Force deal potentially worth $100 million to provide logistics, upgrades and other technical support work for next-generation cruise missiles, the Defense Department said this week. The new...
  • California lawmakers criticize Pentagon's purchase of Russian rockets

    California lawmakers criticize Pentagon's purchase of Russian rockets
    A bipartisan group of U.S. House members from California has jumped into a high-stakes battle over the Pentagon’s use of Russian-made rocket engines to launch satellites. It’s an effort that already involves Hawthorne-based SpaceX Inc. and...
  • Hogan's plan for Md. doesn't add up [Letter]

    Hogan's plan for Md. doesn't add up [Letter]
    Larry Hogan held a fundraiser recently featuring New Jersey Gov. Chris Christie, and there are a few things Marylanders should consider before they jump on his bandwagon ("New Jersey Gov. Christie comes to Maryland for Hogan," Sept. 17). What Mr....
  • Orlando airport first to use Lockheed forecasting software

    Orlando airport first to use Lockheed forecasting software
    Lockheed Martin Corp. has sealed a deal that will make Orlando Interntional Airport the first U.S. airport to use Lockheed's high-speed flight-demand forecasting software, the company said Monday. Financial terms of the deal were not available. The...
  • Navy Narrows To Four the Possible Causes Of F-35 Engine Fire

    Navy Narrows To Four the Possible Causes Of F-35 Engine Fire
    GROTON — An official with the Joint Strike Fighter's program office said Monday that its investigation into a June engine fire that grounded the fleet has narrowed a long list of potential causes for the incident down to just four. Navy Capt....
  • The F-22, world's priciest fighter jet, finally flies in combat

    The F-22, world's priciest fighter jet, finally flies in combat
    After nearly a decade of being derided as┬ádangerous to fly and an example of wasteful military spending, the radar-evading F-22 fighter jet flew in combat for the first time in this week’s U.S.-led airstrikes in Syria. The Pentagon said it used...
  • Pratt Still Searching For Root Of Engine Fire But Says F-35 Will Be Combat Ready In July

    Pratt Still Searching For Root Of Engine Fire But Says F-35 Will Be Combat Ready In July
    Pratt & Whitney engineers have developed a pair of fixes for its engine on Lockheed Martin's F-35 Joint Strike Fighter, and the East Hartford company plans to have a final repair chosen by the end of October. Chris Flynn, vice president of the military...
  • Army taps Lockheed Orlando for $140 million in contracts

    Army taps Lockheed Orlando for $140 million in contracts
    From guided weapons to missile radars, Lockheed Martin Corp.'s Orlando missiles group has received three Army contracts – two of them involving foreign military sales - together worth nearly $140 million, the Pentagon said this week. Hundreds of...