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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 13-24
  • Baltimore through student eyes [Commentary]

    Baltimore through student eyes [Commentary]
    When my family and I moved to this region in the late 1970s, we were struck by how many people made a sharp distinction between "the City" and surrounding counties. In today's global society, the boundaries blur. I hear UMBC students from Moscow to...
  • Improving the business climate benefits universities [Commentary]

    Improving the business climate benefits universities [Commentary]
    About six months ago, New York Times columnist Thomas Friedman, speaking at the Maryland Competitiveness Coalition's Economic Summit, was asked how Maryland could position itself to compete in this fast-paced global economy. Mr. Freidman's view was that...
  • Maryland firm designs skate blade sharpener for U.S. Olympic speedskaters

    Maryland firm designs skate blade sharpener for U.S. Olympic speedskaters
    Aerospace firm Sigma Space Corp. has joined fellow Maryland companies Under Armour and Lockheed Martin in developing technology to help the U.S. Speedskating team at the Winter Olympics. Lanham-based Sigma Space said Friday its optical and mechanical...
  • Speedskaters fear Under Armour suits a factor in slow times at Olympics

    Speedskaters fear Under Armour suits a factor in slow times at Olympics
    SOCHI, Russia — In the wake of disappointing results that have seen its speedskaters on the verge of their worst Olympic performance in three decades, U.S. Speedskating may change the one factor it controls — its race suit. Under Armour...
  • U.S. speedskaters will hang up new Under Armour suits for old

    U.S. speedskaters will hang up new Under Armour suits for old
    U.S. speedskaters will resume competition Saturday in an older racing suit from Baltimore-based Under Armour, hanging up the company's high-tech Mach 39 suit introduced for the Winter Olympics in Sochi. Some skaters worried the new suit might be hurting...
  • Under Armour, US Speedskating renew contract for eight years

    Under Armour, US Speedskating renew contract for eight years
    Under Armour acted swiftly to move beyond the controversy over whether the brand's high-tech skinsuits were responsible for U.S. speedskaters' lackluster run at the Sochi Olympics. The Baltimore sports apparel maker renewed its sponsorship of US...
  • Pentagon downsizing could impact Maryland contractors, service members

    Pentagon downsizing could impact Maryland contractors, service members
    The Army would shrink to its lowest troop levels since just before World War II under a budget proposed Monday by the Obama administration that seeks to downsize the Pentagon in ways that could have a significant impact on service members and...
  • U.Md. program awards $4.1 million to companies and faculty developing tech products

    U.Md. program awards $4.1 million to companies and faculty developing tech products
    A University of Maryland program that matches researchers with companies has awarded $4.1 million to 15 teams working to bring technology products to market. Baltimore-area companies that will work with faculty through the Maryland Industrial...
  • Maryland lost 9,800 jobs in January, Labor Department says

    Maryland lost 9,800 jobs in January, Labor Department says
    Maryland's employment base shrank by nearly 10,000 jobs in January and grew at a much weaker pace last year than originally estimated, the federal government said Monday. The state had about 23,000 more jobs in December than a year earlier, down from the...
  • Under Armour goes for Olympic gold

    Under Armour goes for Olympic gold
    When the winter Olympics gets underway next month in Sochi, Russia, Under Armour's logo will be seen by millions of viewers around the globe as the Baltimore-based brand sponsors two U.S. teams and another from Canada. The Olympic sponsorships —...
  • Bishop Lee Robinson Sr., city's first black police commissioner, dies at 86

    Bishop Lee Robinson Sr., city's first black police commissioner, dies at 86
    Bishop Lee Robinson Sr., the city's first African-American police commissioner who began his 50-year law enforcement career with the Baltimore Park Police and went on to lead two state agencies, died Monday of Alzheimer's disease and dementia at Gilchrist...
  • UMCP may be latest school to cover sex-change surgery

    UMCP may be latest school to cover sex-change surgery
    Students at the University of Maryland, College Park could have the cost of sex-change surgery covered by their health insurance next school year, joining a nationwide trend of private- and public-sector employers offering the benefit. Insurance firms...