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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 89-99
  • Reality check on Northrop's big plans

    Reality check on Northrop's big plans
    Now that the dust has settled after Northrop Grumman Corp.'s announcement of yet another big expansion on the Space Coast, it might be time for a reality check. Although it's possible the company might build the next-generation B-2 stealth bomber in...
  • Missile defence: Star Wars 2: attack of the drones

    Missile defence: Star Wars 2: attack of the drones
    The best time to shoot down a hostile missile is straight after take-off. During this initial "boost phase" it moves more slowly, is easier to spot (because its exhaust plumes are so hot) and presents a bigger target (having not yet ditched its first-...
  • Defense firms see shares rise after Pentagon budget plan is detailed

    Defense firms see shares rise after Pentagon budget plan is detailed
    Major U.S. weapon makers watched their shares tick upward in trading Monday after the announcement of the Pentagon’s budget plan. Defense Secretary Chuck Hagel outlined details on the fiscal 2015 budget request, which shielded large, big-ticket...
  • Pentagon downsizing could impact Maryland contractors, service members

    Pentagon downsizing could impact Maryland contractors, service members
    The Army would shrink to its lowest troop levels since just before World War II under a budget proposed Monday by the Obama administration that seeks to downsize the Pentagon in ways that could have a significant impact on service members and...
  • U.Md. program awards $4.1 million to companies and faculty developing tech products

    U.Md. program awards $4.1 million to companies and faculty developing tech products
    A University of Maryland program that matches researchers with companies has awarded $4.1 million to 15 teams working to bring technology products to market. Baltimore-area companies that will work with faculty through the Maryland Industrial...
  • AeroVironment profit nearly triples in third quarter

    AeroVironment profit nearly triples in third quarter
    Boosted by sales of its small drones, Monrovia company AeroVironment Inc. reported that its third-quarter earnings nearly tripled, sending its stock up in after-hours trading. At one point, shares of AeroVironment were up $1.81, or 5.7%, to $33.55 on...
  • White House seeks halt to military spending cuts

    White House seeks halt to military spending cuts
    WASHINGTON — The Obama administration called for a halt in reducing military spending, arguing that further cuts would result in a significantly smaller Army and Marine Corps, the mothballing of airplanes and an aircraft carrier, and the purchase of...
  • Bob Hope Airport sees more passenger traffic

    The number of passengers making their way through Bob Hope Airport in January climbed 3% from the same time a year ago, marking the second straight month of increases following a six-month string of declines, according to the latest passenger report. The...
  • Speedskaters fear Under Armour suits a factor in slow times at Olympics

    Speedskaters fear Under Armour suits a factor in slow times at Olympics
    SOCHI, Russia — In the wake of disappointing results that have seen its speedskaters on the verge of their worst Olympic performance in three decades, U.S. Speedskating may change the one factor it controls — its race suit. Under Armour...
  • US Speedskating suspects Under Armour suits a factor in slow times

    US Speedskating suspects Under Armour suits a factor in slow times
    SOCHI, Russia — In the wake of disappointing results from speedskaters on the verge of their worst Olympic performance in three decades, US Speedskating is working to dump the most noticeable factor it controls — its racing suit. Under...
  • The future of women in tech [Commentary]

    The future of women in tech [Commentary]
    This article has been updated to reflect the correct field for visual arts professor Eric Smallwood.  Thirty years ago, U.S. colleges and universities awarded 37 percent of computer science bachelor's degrees to women. Today, when that number should...