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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
  • To keep 'Hollywood' in Hollywood, tax incentives are key

     To keep 'Hollywood' in Hollywood, tax incentives are key
    Sacramento raced this month to approve a $420-million tax break for one company — Lockheed Martin. In almost the same breath, the governor and legislative leaders pledged to give a similar credit to its aerospace rival Northrop Grumman. Their...
  • Memorial planned for Ocoee woman killed by son

    Memorial planned for Ocoee woman killed by son
    A year after an Ocoee woman was stabbed to death by her son, her family plans to gather this week to remember her and advocate against the abuse of parents by their children. The death of 51-year-old Rosemary Pate, who was found stabbed to death on...
  • SpaceX gets Air Force certification toward launching military satellites

    Hawthorne rocket company SpaceX has reached a major milestone toward its goal to launch the U.S. government's most sophisticated national security satellites. The upstart firm announced Friday that the Air Force certified its Falcon 9 rocket after...
  • Chinese citizen charged in plot to steal U.S. military data

    A Chinese citizen was charged with plotting to steal data from U.S. defense contractors, including a successful hack of Boeing Co.'s computer system, amid an expanding crackdown on industrial espionage by China. Su Bin, the owner of a Chinese aviation...
  • Air Force certifies SpaceX Falcon 9 flights

    Air Force certifies SpaceX Falcon 9 flights
    In a move that could shake up the spaceflight business, Hawthorne rocket company SpaceX has passed a key milestone toward its goal to launch the U.S. government's most sophisticated national security satellites. The upstart firm said Friday that the Air...
  • U.S. Air Force seeking bids to launch spy satellite

    CAPE CANAVERAL Fla. - The U.S. Air Force released the first of up to eight solicitations for space launch services outside of its controversial, exclusive, multibillion-dollar agreement with United Launch Alliance, a partnership of Lockheed Martin and...
  • Pentagon Official: F-35 Engine Failure Likely Not Systemic

    Pentagon Official: F-35 Engine Failure Likely Not Systemic
    RAF FAIRFORD, England — The Pentagon's chief weapons buyer told lawmakers there was "growing evidence" that an engine fire on an Air Force F-35A jet last month was not a systemic issue, which sources familiar with the situation said could pave the...
  • Gov. Brown approves Lockheed-Boeing tax-credit offer

    Gov. Brown approves Lockheed-Boeing tax-credit offer
    Gov. Jerry Brown on Thursday put the finishing touch on a deal crafted with lawmakers to give aerospace giant Lockheed Martin Corp. a $420-million tax break if it helps build new stealth bombers in California. Brown signed into law a bill by two...
  • Northrop favors California over Florida for building bomber

    Northrop favors California over Florida for building bomber
    Florida's hopes of becoming the manufacturing site for the stealth bomber of the future appear to have been dashed by California, though the Sunshine State may still capture a share of the multibillion-dollar business. Northrop Grumman Corp. has decided...
  • Lockheed snags $200M deal for advanced naval missiles

    Lockheed snags $200M deal for advanced naval missiles
    Lockheed Martin Corp.'s Orlando missiles group has reeled in a contract worth up to $200 million to fast-track its development of a new advanced naval combat missile, the company confirmed Monday. Lockheed Martin Missiles & Fire Control landed the...
  • Howard Barrett: Artist's designs helped Martin's bids stand out

    Howard Barrett: Artist's designs helped Martin's bids stand out
    Howard "Howie" Grant Barrett wasn't your typical technology-oriented Martin Marietta employee. The former Marine graduated from a watchmaker college and an art school before working as an art director for the defense contractor from 1969 until he...
  • F-35 engine mishap, UK 'no show' rich in lessons learned

    FARNBOROUGH England (Reuters) - The engine failure that grounded Lockheed Martin's F-35 fighter jets and the warplane's now-canceled appearance at two UK air shows provided key "lessons learned" for the companies that build the jets, and the military...