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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 121-132
  • 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...
  • F-35 spending buoys Lockheed, Harris

    F-35 spending buoys Lockheed, Harris
    Central Florida's largest high-tech players — Lockheed Martin Corp. and Harris Corp. — have a big chunk of their revenue prospects hitched to the often controversial, sometimes uneven flight path of the F-35 Joint Strike Fighter. Over the...
  • Rocket blasts off from Vandenberg, lifts military satellite into orbit

    Rocket blasts off from Vandenberg, lifts military satellite into orbit
    An 18-story rocket carrying a $518-million military weather satellite was launched into orbit from Vandenberg Air Force Base on Thursday, extending the life of a program that began in the early 1960s. The 7:46 a.m. PDT blastoff was the first of the year...
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  • Bob Hope Airport sees fewer passengers in March

    Bob Hope Airport sees fewer passengers in March
    The number of passengers traveling through Bob Hope Airport declined by almost 4% last month compared to March 2013, according to the latest statistics. There were 320,787 passengers last month, a roughly 3.9% slide from 333,647 passengers the same time...
  • Northrop's latest expansion may be tied to B-2 bomber bid

    Northrop's latest expansion may be tied to B-2 bomber bid
    Northrop Grumman Corp. revealed Thursday its second major Space Coast expansion in as many years, a move that could potentially create 1,800 high-paying jobs and provide a $500 million lift for an area still hard-hit from the end of the space-shuttle...
  • SpaceX CEO Elon Musk suggests rival hired official in return for deal

    SpaceX CEO Elon Musk suggests rival hired official in return for deal
    Elon Musk, chief executive of Space Exploration Technologies Corp., went on Twitter to suggest that his competitors hired an Air Force official in return for a big contract. The 42-year-old billionaire didn't offer backup for his accusations against...
  • Amazing NASA video shows the sun erupting in unprecedented detail

    Amazing NASA video shows the sun erupting in unprecedented detail
    You've never seen a solar eruption video quite like this before. After 11 months in space, NASA's Interface Region Imaging Spectrograph (IRIS) has captured video of a coronal mass ejection in unprecedented detail, and the results are spectacular.  And...
  • 'Maleficent' casts spell on box office. R.I.P. Ann B. Davis.

    'Maleficent' casts spell on box office. R.I.P. Ann B. Davis.
    After the coffee. Before deciding who to root for in the Stanley Cup. The Skinny: I'm not a hockey fan, but I did watch the Kings' overtime win. Now I have a dilemma. Do I root for the Kings or do I root for the Rangers because in my heart I'm a New...
  • U.S.-Russia tension could affect space station, satellites

    The escalating tension between the U.S. and Russia over Ukraine has reached a new altitude: space. In the aftermath of the Cold War, the two superpowers set aside their mistrust and agreed to build a massive orbiting outpost as a symbol of a new era...
  • Reality check on Northrop's big plans

    Reality check on Northrop's big plans
    Now that the dust has settled after Northrop Grumman Corp.'s announcement of yet another big expansion on the Space Coast, it might be time for a reality check. Although it's possible the company might build the next-generation B-2 stealth bomber in...
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