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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 181-192
  • 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...
  • Ronald W. Lee Sr., 76, of Towson

    Ronald William Lee Sr., 76, of Towson, died Sunday, Dec. 22, 2013, in Gilchrist Hospice in Towson. He was the husband of Sybil Louise Lee He worked for defense contractors, as a program manager, quality manager and engineering support manager, including...
  • Will new suit revolutionize speedskating?

    Will new suit revolutionize speedskating?
    The locker room in suburban Salt Lake City was secured by a password-locked door. Cellphones were prohibited. Those entering signed a guarantee they wouldn't share information. Waiting inside was the result of more than two years of work by an...
  • 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...
  • The college-for-all model isn't working

     The college-for-all model isn't working
    Instead of going through Congress and making the initiative bipartisan, President Obama acted alone in mid-November, promising $100 million in grants to specialized high schools — such as New York City's Pathways in Technology Early College High...
  • Lockheed trims layoffs after Pentagon recalls furloughed workers

    Lockheed trims layoffs after Pentagon recalls furloughed workers
    WASHINGTON -- Defense giant Lockheed Martin Corp. said Monday it would reduce its planned layoffs to 2,400, after the Pentagon recalled most of the civilian workers it had furloughed because of the partial federal government shutdown. The move came...
  • 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...
  • Defense firms see shares rise after Pentagon budget plan is detailed

    Defense firms see shares rise after Pentagon budget plan is detailed
    Major U.S. weapon makers watched their shares tick upward in trading Monday after the announcement of the Pentagon’s budget plan. Defense Secretary Chuck Hagel outlined details on the fiscal 2015 budget request, which shielded large, big-ticket...
  • Lockheed brings color to helicopter

    Lockheed brings color to helicopter
    Using a bit of creative engineering, Lockheed Martin Corp.'s Orlando missiles unit has come up with a color surveillance system for the U.S. Army's Apache helicopter. The latest advance in the Apache's piloting and weapons system brings high-...
  • Rocket roars to life at Vandenberg with secret orbital payload

    Rocket roars to life at Vandenberg with secret orbital payload
    A 19-story-tall rocket launched from Vandenberg Air Force Base late Thursday night, carrying a secret payload for the U.S. government. An Atlas V rocket blasted off from Space Launch Complex 3 at 11:15 p.m. PST, lighting up the night sky as it roared...
  • SpaceX reaches milestone in rocket launch from Cape Canaveral

    SpaceX reaches milestone in rocket launch from Cape Canaveral
    With a thunderous roar, a 224-foot rocket carrying a massive satellite launched from Cape Canaveral and blasted into outer space, hurtling over the Atlantic Ocean as it cut across the night sky. On Tuesday, Hawthorne rocket maker SpaceX lifted the SES-8...
  • SpaceX scrubs rocket launch at Cape Canaveral over technical issues

    SpaceX scrubs rocket launch at Cape Canaveral over technical issues
    After suffering through various technical issues with its Falcon 9 rocket, Hawthorne rocket maker SpaceX canceled its scheduled launch from Cape Canaveral. The company is targeting Thursday at 2:38 p.m. PST for its next launch attempt. SpaceX,...