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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
  • 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...
  • U.S. approves $700 million sale of Hellfire missiles to Iraq

    WASHINGTON (Reuters) - The U.S. State Department has approved the sale of 5,000 Hellfire missiles to Iraq as Baghdad tries to fend off militant Islamist forces. The deal is valued at $700 million, the Defense Security Cooperation Agency said on Tuesday....
  • U.S. working on plan for future F-35 incidents: Air Force

    WASHINGTON (Reuters) - Military officials hope to prevent the kind of confusion that followed a recent engine failure that grounded Lockheed Martin Corp's F-35 fighter jets for more than three weeks, the U.S. Air Force's top officer said on Wednesday....
  • Spread the word: Salvation Army now in Zellwood

    Spread the word: Salvation Army now in Zellwood
    With some help from a local church, a group of Boy Scouts and Lockheed Martin Corp., the Salvation Army of Orlando has opened an outreach center in Zellwood. For now, the new office -- at 5538 Jones Ave. -- is open only on Tuesdays from 9:30 a.m. to...
  • Rocket blasts off with U.S. ‘neighborhood watch’ spy satellites

    (Reuters) - An unmanned Delta 4 rocket blasted off from Cape Canaveral Air Force Station in Florida on Monday with a pair of U.S. military satellites designed to keep watch on other countries' spacecraft. The 206-foot (63-meter) tall rocket, built by...
  • Space innovators seek Orlando gamer connection

    Space innovators seek Orlando gamer connection
    There's a new effort afoot in Central Florida to connect the struggling space industry to young, innovative tech minds in Orlando, which could boost interest in space and bring fresh ideas to Kennedy Space Center. Sparked by an event over the weekend at...
  • Ford F-35 Lightning II Edition Mustang appears at EAA Oshkosh

     
    Filed under: Coupe, Performance, Auctions, Ford Ford is back at the Experimental Aircraft Association AirVenture air show in Oshkosh, WI, on July 31 auctioning off its seventh Mustang for charity, and this is one seriously mean looking 2015 'Stang. All of...
  • The day ahead in business

    The day ahead in business
    Reports: June Consumer Price Index, ICSC-Goldman Sachs, June existing home sales, FHFA home price index for May, Richmond Fed Index for July, ICSC-Goldman Sachs and Redbook retail sales for period ending July 19 Local earnings: Discover Financial...
  • Lockheed profit tops forecast; Orlando results mixed

    Lockheed profit tops forecast; Orlando results mixed
    Despite a small drop in sales, Lockheed Martin Corp.'s big aircraft contracts helped it post a higher second-quarter profit that topped Wall Street's forecast, the company said Tuesday. The defense giant, based in Bethesda, Md., earned $880 million, up...
  • Ford's Galhotra succeeds Farley as head of Lincoln

     
    Filed under: Hirings/Firings/Layoffs, Ford, Lincoln, Luxury Ford Motor Company is announcing a major personnel shakeup that could have a dramatic effect on the future of the Lincoln division. Kumar Galhotra (pictured above), currently vice president of...
  • Fort Meade: Hiring matchup helps separating servicemembers find local jobs

    About $84 million is spent in Army unemployment benefits quarterly. This is the price tag associated with veterans transitioning to civilian careers. As a result, the Regional Growth Management Committee, Fort Meade's Army Community Service and the...