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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 109-120
  • Lockheed trims layoffs after Pentagon recalls furloughed workers

    Lockheed trims layoffs after Pentagon recalls furloughed workers
    WASHINGTON -- Defense giant Lockheed Martin Corp. said Monday it would reduce its planned layoffs to 2,400, after the Pentagon recalled most of the civilian workers it had furloughed because of the partial federal government shutdown. The move came...
  • URS Corp. furloughs 3,000 workers amid government shutdown

    URS Corp. furloughs 3,000 workers amid government shutdown
    A San Francisco-based engineering-advisory firm, URS Corp., said Thursday it has furloughed 3,000 employees because of the partial government shutdown and more employees could be affected if the stalemate in Washington drags on. URS said that those...
  • Lockheed to lay off 600 in mission, training systems business, which includes Orlando

    Lockheed to lay off 600 in mission, training systems business, which includes Orlando
    Lockheed Martin Corp. plans to hand out pink slips to about 600 workers across the country in its Mission Systems and Training division, which includes its Orlando simulation technology operation, the company said Wednesday. Bethesda, Md.-based Lockheed...
  • Defense companies land $500M in deals

    Defense companies land $500M in deals
    Before the now-notorious partial government shutdown took hold, the Pentagon awarded hundreds of millions of dollars in contracts to Central Florida defense contractors, according to Defense Department records. Overall, figures indicate the military...
  • Navy delays warship training contract

    Navy delays warship training contract
    The Navy's Orlando training-systems agency has indefinitely delayed a major contract award amid uncertainty about the potential for fallout from the federal government's ongoing deficit-reduction cutbacks in military spending. Authorities have put a...
  • AM General meets deadline

    AM General meets deadline
    AM General is both confident and pleased after delivering 22 vehicles eight days early for testing in the latest round of the Joint Light Tactical Vehicle program. Both Oshkosh Defense and Lockheed Martin Corp. also remain in the competition. One of the...
  • Area 51 revealed, home of secret spy planes, conspiracy theories

    Area 51 has to be the worst-kept secret in the aerospace industry. It’s where some of the most innovative military aircraft ever built by Lockheed Martin Corp.’s Skunk Works were flight tested. Supposedly. For decades, the government has...
  • America's biggest rocket blasts off, likely carrying spy satellite

    America's biggest rocket blasts off, likely carrying spy satellite
    A 235-foot-tall rocket carrying a top-secret spy satellite roared to life and blasted off from Vandenberg Air Force Base, leaving a thick white plume as it cut across the morning sky. The launch took place Wednesday at 11:03 a.m. PDT at the...
  • Lawyers in Michael Jackson wrongful-death suit can't mask animosity

    Brian Panish was indignant as the two men argued in the judge's chambers. "Judge," the Michael Jackson family attorney snapped, "if I want to give him the finger, I know how to give him the finger." "And you did it quite well twice," replied Marvin...
  • Skunk Works: Born in Burbank, developing top-secret weapons in SoCal for 70 years

    Skunk Works: Born in Burbank, developing top-secret weapons in SoCal for 70 years
    Few places in the aerospace industry are as revered as Lockheed Martin Corp.’s Skunk Works. For decades, employees at the secretive site have designed and built the some of the most innovative military aircraft ever built. The U-2 spy plane. The...
  • Shuttle Endeavour's final journey is carefully choreographed

    Shuttle Endeavour's final journey is carefully choreographed
    A diva requires special handling and an entourage. Whatever the stage, the space shuttle Endeavour gets both. A constellation of engineers and assembly line workers designed and built the shuttle in Southern California. A universe of scientists hurled it...
  • Water probe involves Disney

    Water probe involves Disney
    Federal and state regulators are investigating whether a vintage air conditioning system at Walt Disney Studios in Burbank played a role in contaminating groundwater with chromium 6, a cancer-causing heavy metal widely used in aerospace manufacturing...