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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
  • Parking revenue at Bob Hope hits turbulence

    Parking revenue at Bob Hope hits turbulence
    Bob Hope Airport officials said this week they want to better understand the “troubling” fluctuations in parking revenue. “Historically, the number of passengers that would come in any given month was more or less reflective of 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...
  • 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...
  • Air Force taking bids to launch spy satellites for 1st time in decade

    For the first time in a decade, the Air Force has opened up a rocket competition to launch the U.S. government's most sophisticated national security satellites. The Air Force released a request for proposal on Tuesday to companies that want to...
  • The oxymoron of peace

    "At the same time, values and ideas which were considered universal, such as cooperation, mutual aid, international social justice and peace as an encompassing paradigm are also becoming irrelevant." Maybe this piercing observation by Roberto Savio,...
  • Ford's Galhotra succeeds Farley as head of Lincoln

     
    Filed under: Hirings/Firings/Layoffs, Ford, Lincoln, Luxury Ford Motor Company is announcing a major personnel shakeup that could have a dramatic effect on the future of the Lincoln division. Kumar Galhotra (pictured above), currently vice president of...
  • 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...
  • Lockheed Martin delivers first F-16 to Iraq

    Lockheed Martin delivers first F-16 to Iraq
    It would’ve been unthinkable before 2003: a major U.S. contractor delivering a sophisticated warplane to Iraq. That’s what happened this week, punctuated by a ceremony Thursday at Lockheed Martin’s plant in Fort Worth, Texas....
  • Lockheed names new VPs, buys firm, celebrates STEM

    Lockheed names new VPs, buys firm, celebrates STEM
    It’s been a busy week for Lockheed Martin. The defense contractor named three new executives, announced acquisition of a Titusville company and celebrated science and engineering education at its Missiles and Fire Control facility in Orlando: --...
  • Bob Hope Airport OKs balanced budget

    Bob Hope Airport OKs balanced budget
    Bob Hope Airport officials on Monday approved a balanced budget for next fiscal year even though revenues are projected to remain relatively flat — and they didn't have to raise airline landing fees. In the past few years, officials have taken...
  • Military's pricey F-35 fighter jet catches fire during takeoff in Florida

    Military's pricey F-35 fighter jet catches fire during takeoff in Florida
    A fire broke out on a F-35 Joint Strike Fighter after an attempted takeoff at Eglin Air Force Base in Florida. The radar-evading, supersonic fighter jet, a nearly $400-billion weapons program under development for more than a decade, experienced the...