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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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  • Factbox: Engine fire triggers new turbulence for Lockheed's F-35 jet

    WASHINGTON (Reuters) - Borne of the last downturn in U.S. military spending in the 1990s, Lockheed Martin Corp's F-35 Joint Strike Fighter was intended as a quick and affordable way for the United States and its allies to replace thousands of aging F-16s and other warplanes while avoiding the pitfalls of earlier programs.
  • Lockheed says F-35 investments will save $1.8 billion by 2019

    RAF FAIRFORD England (Reuters) - Industry investment of $170 million over the next two years is expected to result in savings of $1.8 billion on the F-35 Joint Strike Fighter program, Lockheed Martin Corp's F-35 program manager Lorraine Martin told...

    Lockheed F-35 fighter jet to miss UK military air show

    RAF FAIRFORD England (Reuters) - Lockheed Martin's F-35 Joint Strike Fighter will not fly at Britain's Royal International Air Tattoo (RIAT), the event's organizers said on Thursday, dealing a blow to the U.S. group's plans. The entire F-35 fleet was...

    Northrop favors California over Florida for building bomber

    Northrop favors California over Florida for building bomber
    Florida's hopes of becoming the manufacturing site for the stealth bomber of the future appear to have been dashed by California, though the Sunshine State may still capture a share of the multibillion-dollar business. Northrop Grumman Corp. has decided...

    Lockheed snags $200M deal for advanced naval missiles

    Lockheed snags $200M deal for advanced naval missiles
    Lockheed Martin Corp.'s Orlando missiles group has reeled in a contract worth up to $200 million to fast-track its development of a new advanced naval combat missile, the company confirmed Monday. Lockheed Martin Missiles & Fire Control landed the...