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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 1-11
  • Hispanics and education: a Texas-size challenge for states

    AUSTIN, Texas � Manuel Ramirez was the first in his family to get a college degree, and it wasn't easy. His parents, who brought him to the U.S. illegally from Guanajuato, Mexico, when he was 8 years old, made just enough to get by with day labor...
  • Simulation report bodes well for Orlando

    Simulation report bodes well for Orlando
    The military continues to move toward simulations and away from live-action training as a way of saving money, according to a report released Thursday that should encourage regions such as Central Florida that boast a strong simulation industry,...
  • Lockheed Martin's Orlando units take hit in earnings report

    Lockheed Martin's Orlando units take hit in earnings report
      An Orlando-based unit of defense giant Lockheed Martin took a financial hit last year because of a decrease in demand for its technical services and tactical missiles program. In an earnings report Tuesday, officials said Lockheed’s Missiles...
  • Air Force-SpaceX lawsuit settlement acknowledges new landscape

    Air Force-SpaceX lawsuit settlement acknowledges new landscape
    SpaceX has dropped a lawsuit against the U.S. Air Force after winning an agreement from the government that the company will be certified for a new launch program, according to a statement from SpaceX SpaceX, which launches rockets at Kennedy Space...
  • Small church fights Episcopal diocese over land

    Small church fights Episcopal diocese over land
    The Church of the Ascension is an unremarkable Middle River landmark, just a squat, brick building on an isolated peninsula south of Martin State Airport. But for Episcopalians in eastern Baltimore County's Wilson Point community, the small church has...
  • Defense contractors see opportunity in cybersecurity sector

    Defense contractors see opportunity in cybersecurity sector
    After a year that saw destructive cyberattacks on major U.S. companies, President Obama's call to stiffen America's digital defenses could help bolster the bottom lines of top defense and aerospace contractors facing cutbacks in Pentagon spending. In...
  • Lockheed Martin updates decades-old maintenance system for military, delivers 1st product

    Lockheed Martin updates decades-old maintenance system for military, delivers 1st product
    An updated electronics maintenance system built in Orlando by Lockheed Martin will eventually land on every U.S. aircraft carrier. The electronic Consolidated Automated Support System, or eCASS, allows for remote trouble shooting and repairs to...
  • Aircraft overhaul firm to expand in Miramar

    Aircraft overhaul firm to expand in Miramar
    Kellstrom Defense Aerospace, a military aircraft repair and overhaul company, will expand its South Florida operations to the IDI Corporate Park in Miramar. Kellstrom's customers include Lockheed Martin and Northrup Grumman. The expansion will create 20...
  • Atlas V rocket set to launch Tuesday from Cape Canaveral

    Atlas V rocket set to launch Tuesday from Cape Canaveral
    An Atlas V rocket is set to blast off from Cape Canaveral Air Force Station on Tuesday night with a military telecommunication satellite intended to help build a communications network in the sky. The rocket, scheduled to lift off at 7:43 p.m. Tuesday,...
  • Investing: 5 lessons from my winners

    I've spent the past few months discussing some of the errors I've made in my Practical Investing portfolio, so I thought it might be time to talk about a few of my winners. Four of my stocks have more than doubled since I bought them: Apple (symbol AAPL,...
  • Tourism photo company hiring 55 for new HQ

    Tourism photo company hiring 55 for new HQ
    Tourism photo company Magic Memories is establishing its U.S. headquarters in Orlando as it begins hiring about 55 people to work at the Orlando Eye. "Mostly we are looking for hourly employees, but there will be some salaried positions at our...