RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page.

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...
Show more »
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.
« Show less

Top Lockheed Martin Corp. Articles

Displaying items 49-60
  • Tape might hold key data on shuttle

    CAPE CANAVERAL, Fla. - Salvaged tape from Columbia's data recorder might hold vital information up until just a few seconds before the shuttle disintegrated over Texas, accident investigators said yesterday. While the 9,400 feet of magnetic tape was...
  • Space plane due in '08, NASA contractors told

    WASHINGTON - NASA has formally notified the three contractors working on the orbital space plane project that the agency wants the companies to push toward a new deadline of 2008. When the project was proposed late last year, the plan was to have a...
  • 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 --...
  • 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...
  • Boeing to shift most defense work out of Washington state

    WASHINGTON (Reuters) - Boeing Co on Monday said it would move the majority of its defense services and support work out of Washington state to other U.S. cities, affecting the jobs of about 2,000 of its 5,200 defense employees in the Puget Sound region....
  • F-35 jet combat ready next year despite engine fix: Lockheed

    OSLO (Reuters) - Lockheed Martin expects the cost of the F-35 fighter jet to drop to its target level by 2019 and still sees the first version of the aircraft combat ready by mid-2015, despite an engine failure which still needs a fix, the firm said on...
  • Pratt Still Searching For Root Of Engine Fire But Says F-35 Will Be Combat Ready In July

    Pratt Still Searching For Root Of Engine Fire But Says F-35 Will Be Combat Ready In July
    Pratt & Whitney engineers have developed a pair of fixes for its engine on Lockheed Martin's F-35 Joint Strike Fighter, and the East Hartford company plans to have a final repair chosen by the end of October. Chris Flynn, vice president of the military...
  • 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 tech companies aim for smart-sensor breakthroughs

    Orlando tech companies aim for smart-sensor breakthroughs
    An optical-sensor camera captures a 3-D image of Blair Barbour's face, scanning every line and crease. It instantly cross-matches the image with a huge database and determines whether he is anxious or calm; happy or angry; a possible terrorist or a...