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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 73-84
  • 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...
  • US Speedskating suspects Under Armour suits a factor in slow times

    US Speedskating suspects Under Armour suits a factor in slow times
    SOCHI, Russia — In the wake of disappointing results from speedskaters on the verge of their worst Olympic performance in three decades, US Speedskating is working to dump the most noticeable factor it controls — its racing suit. Under...
  • Drone industry advocates push for quicker action

    Drone industry advocates push for quicker action
    The economic potential of commercial drones has the full attention of leaders in Hampton Roads and throughout Virginia, as they seek to turn a former military weapon into peacetime job creator. Now an industry group wants the federal goverment to move a...
  • Lockheed brings color to helicopter

    Lockheed brings color to helicopter
    Using a bit of creative engineering, Lockheed Martin Corp.'s Orlando missiles unit has come up with a color surveillance system for the U.S. Army's Apache helicopter. The latest advance in the Apache's piloting and weapons system brings high-...
  • Lockheed and AeroVironment sign agreement on drone development

    Lockheed and AeroVironment sign agreement on drone development
    Defense giant Lockheed Martin Corp. signed an agreement with Monrovia drone maker AeroVironment Inc. to pursue opportunities together in unmanned aircraft development. The deal was announced late Thursday at the Defense Expo in India and centered on...
  • Lockheed exaggerates number of jobs on F-35 program, new report says

    Lockheed exaggerates number of jobs on F-35 program, new report says
    Lockheed Martin Corp.’s claims that the development and construction of the nearly $400 billion F-35 Joint Strike Fighter will sustain 125,000 jobs in 46 states is “greatly exaggerated,” according to a new report by a research center.  ...
  • The day ahead in business

    The day ahead in business
    Reports: Weekly jobless claims, Chicago Fed national activity index for December, December leading indicators, December existing home sales Local earnings:  Cabot Microelectronics, Discover Financial, GATX Corp., McDonald's Corp., Old Republic...
  • Engineer accused of trying to send F-35 fighter jet papers to Iran

    Engineer accused of trying to send F-35 fighter jet papers to Iran
    Customs agents in Long Beach were shocked after opening boxes labeled "House Hold Goods" bound for Iran and finding thousands of documents outlining secret information on the military's $392-billion fighter jet program. The treasure trove of technical...
  • Lockheed profit takes hit in fourth quarter

    Lockheed profit takes hit in fourth quarter
    Pressured by military spending cuts, Lockheed Martin Corp. delivered mixed fourth-quarter results Thursday, beating the consensus Wall Street revenue forecast, but falling short on profit. Lockheed's Orlando operations had mixed results as well. Operating...
  • Less dependence on defense work

    Less dependence on defense work
    From military training contractors to commercial web app developers, many players in Central Florida's high-tech sector expect to make 2014 a year of thinking outside the box. The region's training and simulation industry — considered the...
  • Ex-Pratt Worker Allegedly Tried To Ship F-35 Files To Iran

    Ex-Pratt Worker Allegedly Tried To Ship F-35 Files To Iran
    Pratt & Whitney said Monday it is cooperating with authorities after federal agents arrested a former employee for trying to ship documents to Iran related to the U.S. military's Joint Strike Fighter aircraft. The East Hartford defense contractor, the...
  • Will new suit revolutionize speedskating?

    Will new suit revolutionize speedskating?
    The locker room in suburban Salt Lake City was secured by a password-locked door. Cellphones were prohibited. Those entering signed a guarantee they wouldn't share information. Waiting inside was the result of more than two years of work by an...