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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 profit tops forecast; Orlando results mixed

    Lockheed profit tops forecast; Orlando results mixed
    Despite a small drop in sales, Lockheed Martin Corp.'s big aircraft contracts helped it post a higher second-quarter profit that topped Wall Street's forecast, the company said Tuesday.
  • The day ahead in business

    The day ahead in business
    Reports: June Consumer Price Index, ICSC-Goldman Sachs, June existing home sales, FHFA home price index for May, Richmond Fed Index for July, ICSC-Goldman Sachs and Redbook retail sales for period ending July 19 Local earnings: Discover Financial...

    Florida's space agency launches new pitch for commercial rockets

    Florida's space agency launches new pitch for commercial rockets
    In the war between the states for the emerging commercial-rocket-launch industry, Florida is scrambling to regain momentum after a key rival — Texas — has all but secured victory in a major battle. At stake are hundreds of jobs —...

    South Korea military chiefs endorse $8.2 billion development plan for home-built fighters

    SEOUL (Reuters) - South Korea's Joint Chiefs of Staff endorsed a plan on Friday for the country to design its own mid-level fighter jet, which a state think tank estimated will cost up to 8.5 trillion won ($8.24 billion) to develop. Dubbed the KF-X...

    B-2 stealth bomber made its maiden flight 25 years ago

     B-2 stealth bomber made its maiden flight 25 years ago
    The radar-evading B-2 stealth bomber has been called one of the greatest achievements in military technology. With its distinctive “flying wing” design, the B-2 has a wingspan nearly as long as the Boeing 747 jumbo jet and yet it on radar it...