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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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  • Lockheed meets 2014 target for 36 F-35 deliveries-Pentagon

    Lockheed Martin Corp met its target of delivering 36 F-35 fighter jets to the U.S. government in 2014, paving the way for the firm to collect most of the associated performance fees, a spokesman for the Pentagon's F-35 program office said Monday.
  • Lockheed renews $235M Navy missile launch contract

    Lockheed renews $235M Navy missile launch contract
    The U.S. Navy renewed a $235 million contract with Lockheed Martin for manufacturing missile-firing systems used on warships at a facility in Middle River, the company said Tuesday. The deal extends through 2022 and could be worth as much as $356...

    SpaceX delays planned cargo run to space station to early January

    Space Exploration Technologies is delaying the planned launch on Friday of an unmanned Falcon 9 rocket, which will carry a cargo ship to the International Space Station for NASA, to early January, officials said on Thursday. Liftoff from Cape Canaveral...

    South Korea balks as U.S. picks Japan, Australia to service F-35s in Asia

    South Korea said on Thursday it will not send its F-35 fleet to Japan for heavy airframe maintenance, one of the two Asian hubs chosen by the United States to service the Lockheed Martin Corp stealth fighter. Instead, it is likely to fly the jets to...

    Herman hired as Houston coach

    The Sports Xchange EditorsNote: adds quotes and details Herman hired as Houston coach Ohio State offensive coordinator Tom Herman will become the new head coach at the University of Houston, but first he plans to finish his job with the Buckeyes in...