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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
  • California Senate approves property tax break for space firms

    SACRAMENTO — Private space companies, such as SpaceX in Hawthorne, would get a local property tax break on launch vehicles, fuel, satellites and other gear under a bill approved overwhelmingly Thursday by the state Senate. The proposal, AB 777...
  • Lockheed earnings increase 23% in first quarter

    Lockheed earnings increase 23% in first quarter
    Despite lower overall revenue, defense giant Lockheed Martin Corp. easily topped Wall Street's profit expectations in the first quarter, the company said Tuesday. The nation's largest defense contractor earned $933 million, or $2.87 a share, in the...
  • 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...
  • Billionaire Musk makes push to launch military satellites

    Los Angeles billionaire Elon Musk, chief executive of Hawthorne rocket maker SpaceX, testified before Congress that the U.S. Air Force and other agencies are paying too high a price to launch its most valuable satellites into orbit. The government...
  • 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...
  • Baltimore through student eyes [Commentary]

    Baltimore through student eyes [Commentary]
    When my family and I moved to this region in the late 1970s, we were struck by how many people made a sharp distinction between "the City" and surrounding counties. In today's global society, the boundaries blur. I hear UMBC students from Moscow to...
  • Will new suit revolutionize speedskating?

    The locker room in suburban Salt Lake City was secured by a password-locked door. Cellphones were prohibited. Those entering signed a guarantee they wouldn't share information. Waiting inside was the result of more than two years of work by an...
  • 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...
  • Lockheed trims layoffs after Pentagon recalls furloughed workers

    Lockheed trims layoffs after Pentagon recalls furloughed workers
    WASHINGTON -- Defense giant Lockheed Martin Corp. said Monday it would reduce its planned layoffs to 2,400, after the Pentagon recalled most of the civilian workers it had furloughed because of the partial federal government shutdown. The move came...
  • URS Corp. furloughs 3,000 workers amid government shutdown

    URS Corp. furloughs 3,000 workers amid government shutdown
    A San Francisco-based engineering-advisory firm, URS Corp., said Thursday it has furloughed 3,000 employees because of the partial government shutdown and more employees could be affected if the stalemate in Washington drags on. URS said that those...