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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 157-168
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • New Camaros tear down runway to help U-2 spy planes land

    New Camaros tear down runway to help U-2 spy planes land
    The Air Force is in the midst of swapping out the fleet of high-speed sport cars that chase down its sinister-looking black spy planes at breakneck speeds. For more than 50 years, the chase cars have been critical to the high-flying U-2’s mission....
  • 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...