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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
  • 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...
  • Top Democrats push package for better business climate

    Top Democrats push package for better business climate
    Announcing their first-ever joint agenda, the Democratic leaders of the General Assembly said Friday they will work together to pass legislation aimed at improving Maryland's business climate and boosting the state's economy. Senate President Thomas V....
  • 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....
  • 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...
  • 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...
  • 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...
  • O'Malley, Perry spar over jobs with 2016 in background

    O'Malley, Perry spar over jobs with 2016 in background
    After circling each other for days, Maryland Gov. Martin O'Malley and Texas Gov. Rick Perry clashed Wednesday in a nationally televised debate that was focused on state economic policy but tied closely to presidential politics. The state leaders —...
  • Making STEM cool

    Making STEM cool
    Fourteen percent of the engineering workforce. Twenty-seven percent in math and science careers. Twenty-five percent in professional IT jobs. The number of women in science, technology, engineering and math (STEM) careers is dismal. As is the number...
  • Jet that crashed off Chincoteague recovered by Navy

    Jet that crashed off Chincoteague recovered by Navy
    A fighter jet that crashed off Chincoteague Island in Virginia this month was recovered in pieces from more than 100 feet below the ocean's surface during a 15-day salvage operation that ended this week, according to the Navy. Among the salvaged wreckage...
  • 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...