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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 37-48
  • California staffing firm lands Lockheed Martin contract

    California-based firm SearchPros Staffing has entered into a long-term contract with Lockheed Martin Corp. to manage temporary staffing services for the aerospace giant. SearchPros director Myla Ramos was reluctant to discuss details of the deal Friday,...
  • Retiring is a time for hefty rewards

    With their seven-figure salaries and even larger bonuses, CEOs can buy some of the finer things in life, and put away a tidy sum for retirement. Often, however, they don't have to. Executive perks in Maryland, according to company filings, include...
  • Paychecks raise eyebrows

    Charity is big business in Maryland, and some of the providers provide the compensation packages to prove it. Seven of the state's 501(c)(3) organizations - charities, the most common nonprofits - paid more than $1 million in salary and benefits to at...
  • Lockheed Martin takes children to work

    Lockheed Martin takes children to work
    It’s not every day that people can play a life-sized Angry Birds game on the front lawn at the Lockheed Martin Missiles and Fire Control plant. In the name of Take Your Child to Work Day, access to the plant was broadened on Thursday for a brief...
  • Do Lake County's shrinking lakes portend Florida's future?

     Do Lake County's shrinking lakes portend Florida's future?
    The unfunny joke heard around south Lake County's shriveled lakes is that the only things wet there are the tears of real-estate sellers because waterfronts look like the weedy edge of wasteland. What's been happening to lakes near Clermont has been...
  • Strong U.S. defense firm profits defy regular gloomy warnings

    WASHINGTON (Reuters) - U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept...
  • Plan For Presidential Helicopters Hopes To Escape Past Procurement Problems

    Plan For Presidential Helicopters Hopes To Escape Past Procurement Problems
    WASHINGTON — The last time the Pentagon tried to upgrade the president's coolest ride — the fleet of helicopters that drop him at his doorstep on the South Lawn of the White House — it didn't go well. Costs doubled. Delays sparked...
  • U.S. to deliver Apache helicopters to Egypt, relaxing hold on aid

    WASHINGTON (Reuters) - The United States said on Tuesday it will deliver 10 Apache attack helicopters to Egypt, relaxing a partial suspension of aid imposed after Egypt's military ousted President Mohamed Mursi last year and cracked down violently on...
  • F-35 strike fighter is focus of demonstration

    F-35 strike fighter is focus of demonstration
    — Fighter jock Randy Forbes, better known as that congressman from Chesapeake, climbed into an F-35 cockpit simulator on Tuesday, descended through clear skies and nailed his landing on an aircraft carrier. He can only hope that steering the...
  • Lockheed earnings increase 23% in first quarter

    Lockheed earnings increase 23% in first quarter
    Despite lower overall revenue, defense giant Lockheed Martin Corp. easily topped Wall Street's profit expectations in the first quarter, the company said Tuesday. The nation's largest defense contractor earned $933 million, or $2.87 a share, in the...
  • Launch success propels SpaceX to new ventures

    As day turned to night in Cape Canaveral, Fla., the air was shredded by nine Merlin engines blasting off, driving down 1.3 million pounds of thrust. The Dec. 3 liftoff heralded a new power in the commercial satellite launch business. The Falcon 9, a...
  • Lockheed profit surges 23%, beats estimates

    Lockheed Martin Corp., the U.S. government's top contractor, said its first-quarter profit jumped 23 percent, topping analysts' estimates even as federal budget cuts sapped sales. Net income from continuing operations rose to $933 million, or $2.87 a...