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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
  • India picks Israel's Spike anti-tank missile over U.S. Javelin: source

    NEW DELHI (Reuters) - India has opted to buy Israel's Spike anti-tank guided missile, a defense ministry source said on Saturday, rejecting a rival U.S. offer of Javelin missiles that Washington had lobbied hard to win. India will buy at least 8,000...
  • Pentagon official upbeat on streamlining U.S. military acquisitions

    WASHINGTON (Reuters) - The Pentagon and Congress have better-than-ever odds of reaching agreement on how to streamline myriad overlapping laws that slow the process for buying military equipment and services, a top Defense Department official said. "I am...
  • Exclusive: Lockheed, Pentagon reach $4 billion deal for more F-35 jets

    WASHINGTON (Reuters) - Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on Thursday. The contract...
  • U.S. defense shares up as arms makers boost profit, margins

    WASHINGTON (Reuters) - Shares of U.S. weapons makers rose broadly on Wednesday after a spate of third-quarter results showed continued growth in earnings and operating margins despite weaker revenue. Tensions and violence around the world were also...
  • Lockheed Martin shares slip after 3Q results

    Lockheed Martin shares slip after 3Q results
    Lockheed Martin (NYSE: LMT) shares dropped more than four pecent in Tuesday morning trading, after the company announced net sales decreased two percent to $11.1 billion in the third quarter. Net earnings from continuing operations for the defense...
  • Lockheed sees foreign sales reaching 20 percent goal by year-end

    WASHINGTON (Reuters) - Lockheed Martin Corp expects international sales to reach a target of 20 percent of revenues by the end of this year, and growing further in coming years, Bruce Tanner, the company's chief financial officer, told reporters on...
  • Northrop protests U.S. Air Force radar award to Raytheon

    WASHINGTON (Reuters) - Northrop Grumman Corp on Tuesday said it had filed a formal protest with the U.S. Government Accountability Office against the U.S. Air Force's decision to pick Raytheon Co to develop a next-generation, long-range radar system....
  • Lockheed forecasts drop in 2015 sales, third-quarter revenue disappoints

    WASHINGTON (Reuters) - Lockheed Martin Corp , the top supplier to the U.S. military, forecast a drop in 2015 sales and reported lower-than-expected quarterly revenue for the second time this year. The company, whose stock fell as much as 5 percent on...
  • Chairing Space Subcommittee attracts campaign cash for Miss. congressman

    WASHINGTON As chairman of a House Science and Technology Committee panel over the last four years, Republican Rep. Steven Palazzo of Mississippi has been a vocal advocate of U.S. space exploration, calling for the resumption of manned flights. That stand...
  • U.S. Marines tap female executives for advice on growing women in ranks

    WASHINGTON (Reuters) - Last spring, U.S. Marine Corps Commandant General James Amos did not even know who Sheryl Sandberg was. Six months later he is good friends with Sandberg, the chief operating officer of social media company Facebook Inc , a top...
  • Roy Greenough: He built the planes that won the wars

    Roy Greenough: He built the planes that won the wars
    Back during World War II, down on the floor of the airplane factory, Roy Greenough was the guy who knew how to get things done. Though not an engineer, Greenough had enough training in design, planning and drafting, and enough understanding about how...