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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...
  • F-35 fighter jet to make first trans-Atlantic flight in July

    WASHINGTON (Reuters) - The U.S. Defense Department has approved the first trans-Atlantic flight of Lockheed Martin Corp's F-35 fighter jet in July to take part in two international air shows near London, U.S. and British officials said Wednesday. The new...
  • Pentagon says automatic budget cuts would hit F-35, other weapons

    WASHINGTON (Reuters) - The Pentagon on Tuesday detailed $48.3 billion in cuts to major weapons programs like Lockheed Martin Corp's F-35 fighter jet that would kick in from fiscal 2016 to 2019 if Congress does not reverse automatic budget cuts that are to...
  • Space entrepreneur seeks end to spy satellite launch monopoly

     Space entrepreneur seeks end to spy satellite launch monopoly
    A high-stakes battle is underway in Washington over launching the U.S. government's most sophisticated national security satellites. Space entrepreneur Elon Musk is pitted against the nation's two largest weapons makers, Boeing Co. and Lockheed Martin...
  • 04/15: Progressions

    Jeff Pridmore, vice president and deputy of technical operations and applied research for Lockheed Martin Missiles and Fire Control, was appointed as a member of the Florida High Tech Corridor Council, Heathrow. Rebecca Rhoden, partner at the law firm,...
  • U.S. Navy aims to smooth impact of fiscal 2015 cut to ship orders

    WASHINGTON (Reuters) - The U.S. Navy hopes to smooth out the impact on Lockheed Martin Corp and Australia's Austal of a budget-driven decision to order three Littoral Combat Ships instead of four in fiscal year 2015, the Navy's top weapons buyer said on...
  • SoCal sonic boom: Calling card of the top-secret Aurora spy plane?

    SoCal sonic boom: Calling card of the top-secret Aurora spy plane?
    Was that an earthquake, or an ordinary sonic boom, that rattled Southern California on Wednesday afternoon — or was it the return of Aurora, the nation’s long-rumored, never-confirmed, some-say-mythological super-secret, super-fast spy plane?...
  • Atlas rocket blasts off with secret U.S. military satellite

    CAPE CANAVERAL, Florida (Reuters) - An unmanned Atlas 5 rocket lifted off from Cape Canaveral Air Force Station in Florida on Thursday to put a classified satellite into orbit for the U.S. National Reconnaissance Office. The 20-story tall rocket, built...
  • Pentagon: Pratt Must Push Harder To Cut F-35 Engine Cost

    WASHINGTON — Pratt & Whitney, the engine-making unit of United Technologies Corp., must redouble efforts to lower the cost of the single F135 engine it builds for the Lockheed Martin Corp F-35 fighter jet, a top U.S. military official said Monday....
  • Lockheed to begin building asteroid sampler for NASA

    CAPE CANAVERAL, Florida (Reuters) - A NASA mission to pluck samples from a distant asteroid and return them to Earth passed a major technical review, clearing engineers to begin building the robotic spacecraft, officials said on Thursday. The $800...