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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
  • 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 —...
  • 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...
  • 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...
  • 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...
  • 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...
  • Lockheed Martin to lay off 95 in Greenbelt

    Defense contractor Lockheed Martin Corp. said Wednesday that it will lay off up to 95 employees in Greenbelt when a government contract expires in September. The employees affected are working on a multi-year contract with the National Archives and...
  • 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...
  • 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...
  • Hopkins, Lockheed announce plan to create a better ICU

    Johns Hopkins Medicine and defense contractor Lockheed Martin Corp. said Tuesday they would work together to create a safer and more efficient model for hospital intensive care units. The Armstrong Institute for Patient Safety and Quality at Hopkins...
  • Maryland's employment picture still dour in June

    Maryland's employment picture still dour in June
    Maryland tied for the fastest pace of job loss in the past year in June, the federal government estimated Friday, the second month in a row that the state was at or near the bottom of the heap. The state's unemployment rate — which had been...
  • Consolidation wave poised to hit state's health care services, biopharma sectors

    Like a one-two punch, two major Maryland employers in the health care service and pharmaceutical industries were the targets last week of multibillion-dollar acquisition deals. Both homegrown companies — Human Genome Sciences Inc. and Catalyst...