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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
  • Bob Hope Airport sees slight decline in passengers

    Bob Hope Airport sees slight decline in passengers
    After a two-month boost in passengers at Bob Hope Airport, there was a 1.3% decline in February compared to the same time last year, though the percentage of occupied seats on planes grew, according to the latest passenger report. The airfield handled...
  • Aerojet Rocketdyne to lay off about 150 workers in Canoga Park

    Aerojet Rocketdyne to lay off about 150 workers in Canoga Park
    About 150 employees at rocket engine maker Aerojet Rocketdyne in Canoga Park were told Wednesday that they would be laid off as part of a companywide reduction that the company says is related to last year's merger. Aerojet Rocketdyne was created by the...
  • SoCal sonic boom: Calling card of the top-secret Aurora spy plane?

    SoCal sonic boom: Calling card of the top-secret Aurora spy plane?
    Was that an earthquake, or an ordinary sonic boom, that rattled Southern California on Wednesday afternoon — or was it the return of Aurora, the nation’s long-rumored, never-confirmed, some-say-mythological super-secret, super-fast spy plane?...
  • California Senate approves property tax break for space firms

    California Senate approves property tax break for space firms
    SACRAMENTO — Private space companies, such as SpaceX in Hawthorne, would get a local property tax break on launch vehicles, fuel, satellites and other gear under a bill approved overwhelmingly Thursday by the state Senate. The proposal, AB 777...
  • Space entrepreneur seeks end to spy satellite launch monopoly

     Space entrepreneur seeks end to spy satellite launch monopoly
    A high-stakes battle is underway in Washington over launching the U.S. government's most sophisticated national security satellites. Space entrepreneur Elon Musk is pitted against the nation's two largest weapons makers, Boeing Co. and Lockheed Martin...
  • US Speedskating suspects Under Armour suits a factor in slow times

    US Speedskating suspects Under Armour suits a factor in slow times
    SOCHI, Russia — In the wake of disappointing results from speedskaters on the verge of their worst Olympic performance in three decades, US Speedskating is working to dump the most noticeable factor it controls — its racing suit. Under...
  • U.S. Navy adds 2nd sub-hunting plane to search for Malaysian jetliner

    U.S. Navy adds 2nd sub-hunting plane to search for Malaysian jetliner
    The Navy is adding another advanced submarine-hunting aircraft to its effort to find debris from missing Malaysia Airlines Flight 370. A second P-8 Poseidon will replace an older P-3 Orion in the 30,000-square-mile search area in the rough waters of the...
  • Military weather satellite set for launch from Vandenberg base

    Military weather satellite set for launch from Vandenberg base
    For more than 15 years, a $518-million military weather satellite sat in a clean room at Lockheed Martin Corp.'s facility in Sunnyvale waiting for the day it would be launched into orbit from Vandenberg Air Force Base. On Thursday morning, the...
  • Malaysia Airlines Flight 370: Why aren't drones helping the search?

    Malaysia Airlines Flight 370: Why aren't drones helping the search?
    A fleet of navy ships and advanced search aircraft from 26 nations have been scouring vast expanses of the Indian Ocean, looking for seat cushions, door panels or aluminum that might help solve the mystery of Malaysia Airlines Flight 370. But noticeably...
  • AeroVironment profit nearly triples in third quarter

    AeroVironment profit nearly triples in third quarter
    Boosted by sales of its small drones, Monrovia company AeroVironment Inc. reported that its third-quarter earnings nearly tripled, sending its stock up in after-hours trading. At one point, shares of AeroVironment were up $1.81, or 5.7%, to $33.55 on...
  • Lockheed exaggerates number of jobs on F-35 program, new report says

    Lockheed exaggerates number of jobs on F-35 program, new report says
    Lockheed Martin Corp.’s claims that the development and construction of the nearly $400 billion F-35 Joint Strike Fighter will sustain 125,000 jobs in 46 states is “greatly exaggerated,” according to a new report by a research center.  ...
  • The day ahead in business

    The day ahead in business
    Reports: March existing home sales, FHFA home price index for February, Redbook and ICSC-Goldman Sachs retail indexes for period ending April 19 Local earnings: Discover Financial Services, Equity LIfeStyle Properties Inc., First Busey Corp., First...