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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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: Benlysta (drug), Express Scripts Incorporated, AstraZeneca Plc, Chemicals, Stock Market
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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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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: NASA, George Mason, Employees, Labor Markets, Defense
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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: Layoffs and Downsizing, Unemployment, White Marsh, Employment Opportunities, Labor Markets
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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: Layoffs and Downsizing, Annapolis, Unemployment, Job Layoffs, Bethesda (Montgomery, Maryland)
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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: Layoffs and Downsizing, Employees, NASA, Manufacturing and Engineering, Unemployment
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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: Sacramento, Contracts, Citrus Heights
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Paychecks raise eyebrows
Sun StaffCharity is big business in Maryland, and some of the providers provide the compensation packages to prove it. Seven of the state's 501(c)(3) organizations - charities, the most common nonprofits - paid more than $1 million in salary and benefits to at...Tags: Medical Services, Hospitals and Clinics, Choice Hotels International Inc., Business Enterprises, Wages and Pensions
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Retiring is a time for hefty rewards
Sun StaffWith their seven-figure salaries and even larger bonuses, CEOs can buy some of the finer things in life, and put away a tidy sum for retirement. Often, however, they don't have to. Executive perks in Maryland, according to company filings, include...Tags: Bars and Clubs, Proxy Filings, Employees, Harvard University, AFL-CIO
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Some companies restate finances
Associated PressInvestors jarred by a wave of accounting scandals were jostled by smaller ripples Wednesday, as several big companies restated their finances against a deadline to swear to the accuracy of financial reports. After waiting until the last minute, scores of...Tags: Hunt Valley, Stock Market, Magellan Health Services Incorporated, Qwest Communications International Incorporated, McCormick & Company Inc.
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What corporate certification means
SunSpot StaffBy 5 p.m. today, 695 of the nation's largest companies must certify to the U.S. Securities and Exchange Commission in Washington that the results of their companies' finances are true. The rule affects nine companies based in the Baltimore region --...Tags: Criminals, Magellan Health Services Incorporated, Host Marriott Corporation, McCormick & Company Inc., Constellation Energy Group
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Space plane due in '08, NASA contractors told
Orlando SentinelWASHINGTON - NASA has formally notified the three contractors working on the orbital space plane project that the agency wants the companies to push toward a new deadline of 2008. When the project was proposed late last year, the plan was to have a...Tags: Rocketry, Technology, NASA, Aerospace Manufacturing, Space Programs
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