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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 49-60
  • Space shuttle loss hurts Lockheed, other NASA stocks

    As NASA continued to investigate the shuttle Columbia's disintegration and ponder the future of the nation's manned space program, Wall Street seemed to draw its own conclusion yesterday and punished stocks of the shuttle's manufacturers - along with...
  • NASA again looks at foam that hit wing

    NASA investigators seeking the cause of Saturday's shuttle disaster are taking another hard look at a sheet of insulating foam that broke away from Columbia's external fuel tank and struck the craft's left wing during liftoff Jan. 16. Engineers had...
  • What corporate certification means

    By 5 p.m. today, 695 of the nation's largest companies must certify to the U.S. Securities and Exchange Commission in Washington that the results of their companies' finances are true. The rule affects nine companies based in the Baltimore region --...
  • Protective tiles efficient, yet fragile

    The fragile thermal tiles that protect space shuttles on their fiery reentries to Earth's atmosphere are extremely effective in dissipating heat, but they also have a history of problems that make them a constant concern. The focus on the tiles' role...
  • 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...
  • SpaceX Dragon capsule reaches space station

    CAPE CANAVERAL Fla. - A Space Exploration Technologies cargo ship carrying an experimental 3-D printer and a habitat with 20 mice arrived at the International Space Station on Tuesday, ending a two-day journey. Working from inside the station's...
  • Orlando airport first to use Lockheed forecasting software

    Orlando airport first to use Lockheed forecasting software
    Lockheed Martin Corp. has sealed a deal that will make Orlando Interntional Airport the first U.S. airport to use Lockheed's high-speed flight-demand forecasting software, the company said Monday. Financial terms of the deal were not available. The...
  • Navy Narrows To Four the Possible Causes Of F-35 Engine Fire

    Navy Narrows To Four the Possible Causes Of F-35 Engine Fire
    GROTON — An official with the Joint Strike Fighter's program office said Monday that its investigation into a June engine fire that grounded the fleet has narrowed a long list of potential causes for the incident down to just four. Navy Capt....
  • No quick fix in U.S. bid to end reliance on Russian rocket engines

    WASHINGTON (Reuters) - The U.S. drive to end its reliance on Russian rocket motors got a boost this week when Amazon.com Inc founder Jeff Bezos unveiled a new engine project, but officials and industry insiders say it will take years and hundreds of...
  • SpaceX Falcon rocket blasts off from Florida

    CAPE CANAVERAL Fla (Reuters) - An unmanned Falcon 9 rocket blasted off from Cape Canaveral Air Force Station in Florida on Sunday to deliver a cargo ship to the International Space Station for NASA. The 208-foot (63-meter) tall booster, built and...
  • SpaceX aims to step up launch rate with next mission for NASA

    CAPE CANAVERAL Fla. (Reuters) - A cargo version of the spaceship being developed by privately owned Space Exploration Technologies is slated to launch early Saturday from Cape Canaveral Air Force Station in Florida, the company's second launch in 13 days....