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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
  • 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...
  • 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....
  • California Senate approves property tax break for space firms

    California Senate approves property tax break for space firms
    SACRAMENTO — Private space companies, such as SpaceX in Hawthorne, would get a local property tax break on launch vehicles, fuel, satellites and other gear under a bill approved overwhelmingly Thursday by the state Senate. The proposal, AB 777...
  • McCain blasts Navy's LCS ship plan; urges cut to 24 vessels

    WASHINGTON (Reuters) - Senator John McCain on Wednesday blasted the U.S. Navy's new Littoral Combat Ship (LCS) program as a "shameful" and dangerous waste of taxpayer money, and he urged the Pentagon to cut its planned purchases back by another eight...
  • Rocket blasts off from Vandenberg, lifts military satellite into orbit

    Rocket blasts off from Vandenberg, lifts military satellite into orbit
    An 18-story rocket carrying a $518-million military weather satellite was launched into orbit from Vandenberg Air Force Base on Thursday, extending the life of a program that began in the early 1960s. The 7:46 a.m. PDT blastoff was the first of the year...
  • Rosie the Riveter still inspires women at Lockheed

    FORT WORTH, Texas Fleeing rural poverty in Kentucky, Rose Will Monroe piled her son and daughter into a bus in 1942, not long after her husband was killed in a car wreck. Monroe was determined to find work at the Willow Run airplane plant in Ypsilanti,...
  • U.S. Navy adds 2nd sub-hunting plane to search for Malaysian jetliner

    U.S. Navy adds 2nd sub-hunting plane to search for Malaysian jetliner
    The Navy is adding another advanced submarine-hunting aircraft to its effort to find debris from missing Malaysia Airlines Flight 370. A second P-8 Poseidon will replace an older P-3 Orion in the 30,000-square-mile search area in the rough waters of the...
  • Aerospace manufacturing takes off in Southern states

    The South is home to auto giants Mercedes-Benz, Volkswagen and Nissan Motor Co. It is increasingly attracting some of the biggest names in aviation, including Boeing Co. in South Carolina, Airbus in Alabama, Gulfstream Aerospace Corp. in Georgia, and GE...
  • eBay sale of key to city unveils slice of Orlando history

    eBay sale of key to city unveils slice of Orlando history
    Everyone misplaces their keys now and then, but what about a key to the city? This week, an engraved ceremonial key made its way back to City Hall — via eBay — 58 years after it was presented to an important figure in Orlando's history. It...
  • Military weather satellite set for launch from Vandenberg base

    Military weather satellite set for launch from Vandenberg base
    For more than 15 years, a $518-million military weather satellite sat in a clean room at Lockheed Martin Corp.'s facility in Sunnyvale waiting for the day it would be launched into orbit from Vandenberg Air Force Base. On Thursday morning, the...
  • Aerojet Rocketdyne to lay off about 150 workers in Canoga Park

    Aerojet Rocketdyne to lay off about 150 workers in Canoga Park
    About 150 employees at rocket engine maker Aerojet Rocketdyne in Canoga Park were told Wednesday that they would be laid off as part of a companywide reduction that the company says is related to last year's merger. Aerojet Rocketdyne was created by the...
  • Julius Sain: Rocket scientist was friend to disabled children

    Julius Sain: Rocket scientist was friend to disabled children
    Cindy Neely remembers a family car trip from the 1960s when she was in the eighth grade: Her father, Julius "Jay" Sain, was a missile systems engineer at Martin Marietta, a man wedded to his job, and they were driving home to Eglin Air Force Base on...