Highlights
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...
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...
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.
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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Corporate welfare for Lockheed Martin
At this time of severe cutbacks in government funding for food stamps, early childhood education and Meals on Wheels, some Maryland legislators are hard at work looking out for the welfare of one of the world's wealthiest corporations. Under a bill...
Tags: Head Start, Supplemental Nutrition Assistance Program, Temporary Assistance for Needy Families, Pension and Welfare, Women, Infants and Children
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Little action to stop defense cuts, despite warnings
Defense officials and their allies in Congress have done their best to create a sense of crisis about impending budget cuts, but their warnings have failed to produce any visible result. Instead, partisan divisions have hardened over how to avoid the...Tags: U.S. Congress, Barack Obama, Military Equipment, U.S. Senate, Manufacturing and Engineering
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Northrop Grumman pins Navy contract strategy on Linthicum facility
The specter of federal budget reductions has meant hundreds of jobs lost at Northrop Grumman Corp. in Maryland, but as the defense contractor vies to build a key Navy radar system, that same cost-cutting pressure could boost the importance of Northrop's...
Tags: Budgets and Budgeting, Job Layoffs, BWI Thurgood Marshall Airport, Raytheon Company, Military Equipment
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Consolidation wave poised to hit state's health care services, biopharma sectors
Like a one-two punch, two major Maryland employers in the health care service and pharmaceutical industries were the targets last week of multibillion-dollar acquisition deals. Both homegrown companies — Human Genome Sciences Inc. and Catalyst...Tags: AstraZeneca Plc, GlaxoSmithKline PLC, Healthcare Industry, Human Genome Sciences Inc., Lupus
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Hopkins, Lockheed announce plan to create a better ICU
Johns Hopkins Medicine and defense contractor Lockheed Martin Corp. said Tuesday they would work together to create a safer and more efficient model for hospital intensive care units. The Armstrong Institute for Patient Safety and Quality at Hopkins...Tags: Hospitals and Clinics
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Lockheed Martin to lay off 35 at Md. military facilities
Lockheed Martin Corp. is warning state regulators that it will lay off 35 employees based at five Maryland military facilities because a contract to provide services at those locations is not being renewed. The Bethesda-based defense contractor told...Tags: Maryland, Job Layoffs, United States Naval Academy, Annapolis, Bethesda (Montgomery, Maryland)
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Federal spending in Maryland declines
Federal spending in Maryland dropped by nearly $1.4 billion last year — a setback for a state economy built largely on Washington dollars and a likely omen, analysts say, of further austerity to come. The pullback, which was revealed in census...Tags: Research, Harford County, Northrop Grumman Corporation, Johns Hopkins University, George Mason
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Maryland's employment picture still dour in June
Maryland tied for the fastest pace of job loss in the past year in June, the federal government estimated Friday, the second month in a row that the state was at or near the bottom of the heap.
The state's unemployment rate — which had been...Tags: Maryland, White House, Chicago Jobs, Companies and Corporations, Employment
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Lockheed Martin to lay off 95 in Greenbelt
Defense contractor Lockheed Martin Corp. said Wednesday that it will lay off up to 95 employees in Greenbelt when a government contract expires in September. The employees affected are working on a multi-year contract with the National Archives and...Tags: Aerospace Manufacturing, Job Layoffs, NASA, Employees, Manufacturing and Engineering
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California staffing firm lands Lockheed Martin contract
McClatchy-TribuneCalifornia-based firm SearchPros Staffing has entered into a long-term contract with Lockheed Martin Corp. to manage temporary staffing services for the aerospace giant. SearchPros director Myla Ramos was reluctant to discuss details of the deal Friday,...Tags: Citrus Heights, Sacramento, Contracts
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NASA again looks at foam that hit wing
Sun StaffNASA investigators seeking the cause of Saturday's shuttle disaster are taking another hard look at a sheet of insulating foam that broke away from Columbia's external fuel tank and struck the craft's left wing during liftoff Jan. 16. Engineers had...Tags: Metal and Mineral, Cape Canaveral, Transportation Accidents, University of Maryland, College Park, Heavy Engineering
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Space shuttle loss hurts Lockheed, other NASA stocks
Sun StaffAs NASA continued to investigate the shuttle Columbia's disintegration and ponder the future of the nation's manned space program, Wall Street seemed to draw its own conclusion yesterday and punished stocks of the shuttle's manufacturers - along with...Tags: Heads of State, Northrop Grumman Corporation, Technology, Stock Market, Government
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