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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 61-72
  • 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...
  • South Korea to sign deal this month to buy 40 F-35 jets for $7 billion: sources

    SEOUL (Reuters) - South Korea will sign a deal this month to buy 40 Lockheed Martin Corp F-35 fighter jets for about 7.34 trillion won ($7.06 billion) for delivery in 2018-2021, two people with knowledge of the transaction told Reuters on Wednesday....
  • The F-22, world's priciest fighter jet, finally flies in combat

    The F-22, world's priciest fighter jet, finally flies in combat
    After nearly a decade of being derided as┬ádangerous to fly and an example of wasteful military spending, the radar-evading F-22 fighter jet flew in combat for the first time in this week’s U.S.-led airstrikes in Syria. The Pentagon said it used...
  • 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....
  • Exclusive: Courting Vietnam, U.S. prepares to ease arms embargo

    WASHINGTON (Reuters) - Nearly 40 years after the United States helicoptered its last soldiers out of Vietnam in an ignominious retreat, Washington is moving closer to lifting an arms embargo on its former enemy, with initial sales likely to help Hanoi...
  • 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...
  • Pratt says next F-35 engine deals will cut costs by 7-8 percent

    WASHINGTON (Reuters) - Pratt & Whitney, a unit of United Technologies Corp, said its contracts with the Pentagon for the next two batches of engines for the Lockheed Martin Corp F-35 fighter jet will result in combined cost savings of 7 percent to 8...
  • Lockheed delivers next version of F-35 logistics system

    WASHINGTON (Reuters) - Lockheed Martin Corp on Monday said it has delivered the next version of the computer-based logistics system used to support the F-35 fighter jet to the U.S. military for flight testing. That paves the way for the system's...
  • Want to deplete your tax base? Give 'job creators' what they want

    Want to deplete your tax base? Give 'job creators' what they want
    They say the house always wins, but the state of Nevada is letting Tesla walk away with the store. Back in June, the electric car company and its partner Panasonic broke ground outside Reno for a multibillion-dollar “gigafactory.” As the...
  • Pratt Sees Clarity On 'Root Cause' Of F-35 Engine Issue By Month's End

    WASHINGTON — Pratt & Whitney says the "root cause" of the June 23 engine failure on a Lockheed Martin Corp F-35 fighter jet should be clear by the end of September, which would pave the way for over $1 billion in contracts for an additional 84...