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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
  • 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...
  • 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...
  • 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.  ...
  • 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. The...
  • 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...
  • 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...
  • 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...
  • 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 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-...
  • 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...
  • 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...