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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
  • Malaysia Airlines Flight 370: Why aren't drones helping the search?

    Malaysia Airlines Flight 370: Why aren't drones helping the search?
    A fleet of navy ships and advanced search aircraft from 26 nations have been scouring vast expanses of the Indian Ocean, looking for seat cushions, door panels or aluminum that might help solve the mystery of Malaysia Airlines Flight 370. But noticeably...
  • Lockheed reels in foreign military sales to Saudi Arabia, Iraq

    Lockheed reels in foreign military sales to Saudi Arabia, Iraq
    Lockheed Martin Corp.'s Orlando operations have received two U.S.-sponsored foreign military deals worth a total of almost $50 million to provide weapons systems and support to Iraq and Saudi Arabia, according to Department of Defense figures. Orlando-...
  • Wall Street bullish on Huntington Ingalls

    Wall Street bullish on Huntington Ingalls
    A surprisingly strong earnings report has Wall Street analysts bullish about the fortunes of Huntington Ingalls Industries. Recently, Zacks.com listed HII as its "Bull of the Day," noting that shares of shipyard stock "have been on a tear since the...
  • Bob Hope Airport sees more passenger traffic

    The number of passengers making their way through Bob Hope Airport in January climbed 3% from the same time a year ago, marking the second straight month of increases following a six-month string of declines, according to the latest passenger report....
  • Billionaire Musk makes push to launch military satellites

    Billionaire Musk makes push to launch military satellites
    Los Angeles billionaire Elon Musk, chief executive of Hawthorne rocket maker SpaceX, testified before Congress that the U.S. Air Force and other agencies are paying too high a price to launch its most valuable satellites into orbit. The government...
  • 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...
  • White House seeks halt to military spending cuts

    White House seeks halt to military spending cuts
    WASHINGTON — The Obama administration called for a halt in reducing military spending, arguing that further cuts would result in a significantly smaller Army and Marine Corps, the mothballing of airplanes and an aircraft carrier, and the purchase of...
  • AeroVironment profit nearly triples in third quarter

    AeroVironment profit nearly triples in third quarter
    Boosted by sales of its small drones, Monrovia company AeroVironment Inc. reported that its third-quarter earnings nearly tripled, sending its stock up in after-hours trading. At one point, shares of AeroVironment were up $1.81, or 5.7%, to $33.55 on...
  • Chicago's new digital lab could be island of prosperity

    Chicago's new digital lab could be island of prosperity
    Mid-19th century enterprise and industry gave us Goose Island, a man-made byproduct of dredging the Chicago River. Now we're going to see what Goose Island can give to 21st century enterprise and industry. The just-announced Digital Lab for...
  • Defense firms see shares rise after Pentagon budget plan is detailed

    Defense firms see shares rise after Pentagon budget plan is detailed
    Major U.S. weapon makers watched their shares tick upward in trading Monday after the announcement of the Pentagon’s budget plan. Defense Secretary Chuck Hagel outlined details on the fiscal 2015 budget request, which shielded large, big-ticket...
  • Chicago picked as site for Obama's manufacturing initiative

    Chicago picked as site for Obama's manufacturing initiative
    Chicago will be the site of a digital manufacturing institute backed by $70 million in federal money and another $250 million in private and other government funding, giving the city, once a factory town, a better chance to re-establish its credentials as...
  • Former Pratt Employee Indicted For Allegedly Trying To Send Engine Files To Iran

    A federal grand jury in Bridgeport on Tuesday indicted a former Pratt & Whitney employee with two counts of transporting stolen property across state lines for his alleged attempts to ship proprietary documents to Iran related to the U.S. military's Joint...