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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 F-35 training work gets big boost

    Lockheed F-35 training work gets big boost
    Lockheed Martin Corp. has received a nearly $233 million boost to its Orlando work on flight-training and maintenance simulators for the advanced but often troubled F-35 Joint Strike Fighter program. The contract increase – one of the largest...
  • Navy will test Lockheed Martin exoskeleton technology

    Navy will test Lockheed Martin exoskeleton technology
    Lockheed Martin has received a contract for the U.S. Navy to evaluate and test human exoskeleton technology, which is basically a framework worn over clothing that is designed to help with heavy lifting. Specifically, the Navy is testing two Fortis...
  • Air Force grounds 82 F-16 fighter jets after cracks found near cockpit

    Air Force grounds 82 F-16 fighter jets after cracks found near cockpit
    The Air Force has temporarily grounded 82 of its aging F-16 fighter jets after structural cracks were found near the cockpits. The first cracks were discovered July 31 during post-flight inspections of a F-16D model, which is a two-seat variant...
  • Obama orders review of police use of military hardware

    EDGARTOWN Mass./WASHINGTON (Reuters) - U.S. President Barack Obama has ordered a review of the distribution of military hardware to state and local police out of concern at how such equipment has been used during racial unrest in Ferguson, Missouri....
  • Amid U.S. air strikes, Iraq struggles to build own air force

    WASHINGTON (Reuters) - President Barack Obama told a recent interviewer he did not want the U.S. military to become Iraq's air force. But he may have little choice. Iraq had only a fledgling air force when the United States withdrew in 2011. Washington...
  • Spread the word: Salvation Army now in Zellwood

    Spread the word: Salvation Army now in Zellwood
    With some help from a local church, a group of Boy Scouts and Lockheed Martin Corp., the Salvation Army of Orlando has opened an outreach center in Zellwood. For now, the new office -- at 5538 Jones Ave. -- is open only on Tuesdays from 9:30 a.m. to...
  • California expands tax credit for stealth bomber to Northrop Grumman

    SACRAMENTO Calif. (Reuters) - California on Friday offered tax incentives to an aerospace company seeking to build the next generation of stealth bombers, after controversy that the state had earlier offered the valuable tax breaks only to its main...
  • Imperial County wants state to require use of more geothermal energy

    California's poorest county wants a bigger share of the state's $16-billion wholesale electricity market. Imperial County, which stretches east of San Diego County to Arizona, is seeking a special deal from the Legislature and Gov. Jerry Brown that...
  • Gov. Brown signs bills on transit projects, bribery, tax breaks

    Gov. Jerry Brown signed bills Friday to shine more sunlight on Los Angeles County transportation projects, extend the time for prosecuting bribery cases and authorize a possible tax break for a major aerospace company in California. In all, Brown signed...
  • U.S.-Africa summit garners over $17 billion in investment pledges

    U.S.-Africa summit garners over $17 billion in investment pledges
    WASHINGTON (Reuters) - African leaders on Tuesday called for a deeper economic relationship with the United States, hailing investment pledges totaling more than $17 billion at a Washington summit as a fresh step in the right direction. U.S. and...
  • Fort Meade: Hiring matchup helps separating servicemembers find local jobs

    About $84 million is spent in Army unemployment benefits quarterly. This is the price tag associated with veterans transitioning to civilian careers. As a result, the Regional Growth Management Committee, Fort Meade's Army Community Service and the...
  • California grants $420-million tax break to Lockheed Martin Corp.

    The Legislature went home for a month Thursday, but not before handing aerospace giant Lockheed Martin Corp. a controversial $420-million tax break. Branded as a sweetheart deal for Lockheed, the bill sailed through the Assembly and Senate — but...