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
  • 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...
  • With eye on China, Japan defense planners seek spending boost

    TOKYO (Reuters) - Japan's defense planners are seeking their biggest budget ever for the coming fiscal year to pay for stealth fighters, drones and a hi-tech submarine, as Prime Minister Shinzo Abe bolsters the military amid an intensifying rivalry with...
  • Lockheed's exoskeleton 'Iron Man suit' may fit commercial world

    Lockheed's exoskeleton 'Iron Man suit' may fit commercial world
    Lockheed Martin Corp.'s Orlando missiles group unveiled its latest version of exoskeleton wear last week, a sign that the defense contractor may once again have its eye on the commercial world. Well known for aptly named military weapons such as...
  • Exclusive: Phone registry company Neustar weighs sale - sources

    Neustar Inc, a company which helps North American telecommunication carriers route calls and text messages, is considering a potential sale amid interest from private equity firms, according to people familiar with the matter. No formal sale process...
  • In response to Ferguson, Obama orders review of police use of military hardware

    In response to Ferguson, Obama orders review of police use of military hardware
    President Obama has ordered a review of the distribution of military hardware to state and local police out of concern at how such equipment has been used during racial unrest in Ferguson, Missouri. The president ordered the examination of federal...
  • Obama orders review of police use of military hardware

    EDGARTOWN Mass./WASHINGTON (Reuters) - U.S. President Barack Obama has ordered a review of the distribution of military hardware to state and local police out of concern at how such equipment has been used during racial unrest in Ferguson, Missouri....
  • Amid U.S. air strikes, Iraq struggles to build own air force

    WASHINGTON (Reuters) - President Barack Obama told a recent interviewer he did not want the U.S. military to become Iraq's air force. But he may have little choice. Iraq had only a fledgling air force when the United States withdrew in 2011. Washington...
  • Exclusive: Lockheed, suppliers brainstorm how to lower F-35 operating costs

    WASHINGTON (Reuters) - Lockheed Martin Corp met with 90 key suppliers last week to brainstorm ways to lower the long-term cost of operating and maintaining the F-35 fighter jets from the Pentagon's current forecast of $1.02 trillion through 2065. Top...
  • Indian firms tool up for defense orders on Modi's 'buy India' pledge

    NEW DELHI (Reuters) - Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories....