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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
  • Norway's $860 billion oil fund needs study before buying new types of assets: minister

    OSLO (Reuters) - Norway's $860 billion oil fund, the world's biggest sovereign wealth fund, is not ready to invest in new types of assets and needs a year to study whether to buy infrastructure or unlisted assets, Finance Minister Siv Jensen said on...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • Pratt Lands International Orders For Military, Commercial Engines

    Two large deals announced Monday by Pratt & Whitney sent work to both sides of the engine maker's operations. On the commercial end, Singapore airline Tigerair bought more than three dozen of Airbus' A320neo narrowbody aircraft, which run on Pratt's...
  • 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...
  • 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,...
  • 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...