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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 145-156
  • 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...
  • Simulation-training contractors court global customers at trade show

    Simulation-training contractors court global customers at trade show
    Showcasing everything from virtual fighter jets to virtual surgery, Central Florida defense contractors cast a wider net Tuesday to haul in new customers at the country's largest military-training trade show. With U.S. military agencies battling major...
  • Orlando firm competes in world of 3-D printing

    Orlando firm competes in world of 3-D printing
    Orlando entrepreneur Ken Church said his first brush with 3-D printing came years ago when he used a tiny laser beam to put an antenna on the head of an ant. At the time, he hoped the federal government would find a national-security use for it, said...
  • Ex-Pratt Worker Allegedly Tried To Ship F-35 Files To Iran

    Ex-Pratt Worker Allegedly Tried To Ship F-35 Files To Iran
    Pratt & Whitney said Monday it is cooperating with authorities after federal agents arrested a former employee for trying to ship documents to Iran related to the U.S. military's Joint Strike Fighter aircraft. The East Hartford defense contractor, the...
  • Our leaders let an opportunity fly by

    Our leaders let an opportunity fly by
    SACRAMENTO—You might think that testing robotic aircraft for future civilian use would be a quintessential California enterprise. But not if you're a U.S. senator from the state. The governor's not exactly a cheerleader for the idea, either....
  • Lockheed avoids the worst of layoffs

    Lockheed avoids  the worst of layoffs
    Lockheed Martin Corp. unleashed another downsizing last week aimed at eliminating 4,000 jobs nationwide – a move that appears to hit nearly every sector of the company except its Missiles and Fire Control unit in Orlando. Half of the layoffs...
  • Lockheed gets $449M in cruise-missile deals

    Lockheed gets $449M in cruise-missile deals
    Lockheed Martin Corp.'s Orlando missiles unit has received two new contracts worth a combined $449 million to produce next-generation stealth cruise missiles for the U.S. Air Force, the company said Thursday. The latest deals for the advanced cruise...
  • Less dependence on defense work

    Less dependence on defense work
    From military training contractors to commercial web app developers, many players in Central Florida's high-tech sector expect to make 2014 a year of thinking outside the box. The region's training and simulation industry — considered the...
  • Engineer accused of trying to send F-35 fighter jet papers to Iran

    Engineer accused of trying to send F-35 fighter jet papers to Iran
    Customs agents in Long Beach were shocked after opening boxes labeled "House Hold Goods" bound for Iran and finding thousands of documents outlining secret information on the military's $392-billion fighter jet program. The treasure trove of technical...
  • Lockheed profit takes hit in fourth quarter

    Lockheed profit takes hit in fourth quarter
    Pressured by military spending cuts, Lockheed Martin Corp. delivered mixed fourth-quarter results Thursday, beating the consensus Wall Street revenue forecast, but falling short on profit. Lockheed's Orlando operations had mixed results as well. Operating...
  • Mars One is one step closer to its dream of colonizing Mars

    Mars One is one step closer to its dream of colonizing Mars
    Mars One is a plucky not-for-profit organization that wants to turn the colonization of Mars into a worldwide reality TV show -- and it appears to be making headway. On Tuesday, Mars One announced it had contracted Lockheed Martin to develop a mission...
  • Marketing flourishes at simulation show

    Marketing flourishes at simulation show
    While the crowd numbers declined a bit at last week's military training and simulation trade show in Orlando, the marketing, pitching and deal-making were still at full throttle, organizers said. Hundreds of defense contractors, including many newcomers...