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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 25-36
  • Lockheed Martin to furlough 3,000 employees

    Lockheed Martin to furlough 3,000 employees
    Bethesda-based Lockheed Martin said Friday that it will furlough about 3,000 employees across the company beginning Monday and warned that more workers would likely be sent home in later weeks if the federal government's partial shutdown continues....
  • 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 —...
  • In Md., government shutdown buffets businesses

    In Md., government shutdown buffets businesses
    At least 100 federal workers usually crowd the Salsa Grill in Woodlawn for lunch. By Friday, the fourth day of the partial federal government shutdown, their numbers dwindled to three. The Peruvian eatery — across from the Social Security...
  • 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...
  • Contractors among those shut out by shutdown

    Contractors among those shut out by shutdown
    Like her colleagues at the National Oceanic and Atmospheric Administration, Tiffany House packed up her desk last week hoping the government shutdown would last only a few days. But the single mom from Hyattsville will be in a position different from...
  • Charm City Concierge to support tenants within The Gate at APG

    Charm City Concierge has been chosen by St. John Properties to support the approximately 45 companies within The GATE project at Aberdeen Proving Ground, with a full complement of business and personal concierge services. St. John Properties has...
  • Little action to stop defense cuts, despite warnings

    Defense officials and their allies in Congress have done their best to create a sense of crisis about impending budget cuts, but their warnings have failed to produce any visible result. Instead, partisan divisions have hardened over how to avoid the...
  • Northrop Grumman pins Navy contract strategy on Linthicum facility

    Northrop Grumman pins Navy contract strategy on Linthicum facility
    The specter of federal budget reductions has meant hundreds of jobs lost at Northrop Grumman Corp. in Maryland, but as the defense contractor vies to build a key Navy radar system, that same cost-cutting pressure could boost the importance of Northrop's...
  • Corporate welfare for Lockheed Martin

    Corporate welfare for Lockheed Martin
    At this time of severe cutbacks in government funding for food stamps, early childhood education and Meals on Wheels, some Maryland legislators are hard at work looking out for the welfare of one of the world's wealthiest corporations. Under a bill...
  • Lockheed Martin to lay off 35 at Md. military facilities

    Lockheed Martin Corp. is warning state regulators that it will lay off 35 employees based at five Maryland military facilities because a contract to provide services at those locations is not being renewed. The Bethesda-based defense contractor told...
  • Federal spending in Maryland declines

    Federal spending in Maryland dropped by nearly $1.4 billion last year — a setback for a state economy built largely on Washington dollars and a likely omen, analysts say, of further austerity to come. The pullback, which was revealed in census...