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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
  • Pentagon Says It Is Nearing Fix For F-35 Engine, Pratt To Pay

    WASHINGTON — Federal officials say they are nearing a fix for the engine that powers Lockheed Martin Corp.'s F-35 fighter jet and that engine-maker Pratt & Whitney has agreed to pay to retrofit 156 already delivered. Pentagon chief arms buyer Frank...
  • Main Street economic renaissance planned for Pacoima

    Main Street economic renaissance planned for Pacoima
    Lizeth Perez, 33, has lived in Pacoima all her life, but the only businesses she remembers patronizing there are a Jack in the Box and a tattoo shop that's no longer open. She spends her money instead in neighboring Arleta, which boasts a CVS, or...
  • U.S. aims to fund alternative to Russian rocket engine in 2016

    WASHINGTON (Reuters) - The U.S. government hopes to add funding to its 2016 budget for alternatives to Russian-made rocket engines to launch sensitive satellites, a key Pentagon official said Wednesday. Defense Undersecretary Frank Kendall, the Pentagon'...
  • Pentagon says nearing fix for F-35 engine, Pratt to pay

    WASHINGTON (Reuters) - U.S. officials said on Wednesday they were nearing a fix for the engine that powers Lockheed Martin Corp's F-35 fighter jet and the United Technologies Corp unit that makes the engine has agreed to pay to retrofit 156 already...
  • Russia, China aim to close military technology gap with U.S.: Hagel

    NEWPORT Rhode Island (Reuters) - Russia and China are trying to close the technology gap with the U.S. military and developing weapons systems that appear designed to counter traditional U.S. advantages, Defense Secretary Chuck Hagel said on Wednesday....
  • Pentagon official sees 'very, very painful' 2016 budget process

    WASHINGTON (Reuters) - The Pentagon's chief weapons buyer on Wednesday predicted "very, very painful" negotiations within the U.S. military as it shapes its fiscal 2016 budget this fall, given the resumption of mandatory cuts in U.S. defense spending, and...
  • Navy delays start of bidding for unmanned carrier-based drone

    Navy delays start of bidding for unmanned carrier-based drone
    The U.S. Navy, concerned about the affordability of a new carrier-based unmanned spy plane, has delayed this month's planned kickoff of the competition to build it, officials said on Tuesday. They said the Navy will wait to seek proposals for the...
  • Driverless vehicles are in the Army's future

    Driverless vehicles are in the Army's future
    NEWPORTNEWS — U.S. military supply convoys have been constant targets in Iraq and Afghanistan over the years, but Army planners are working on a simple way to reduce the hazard: Let the vehicles drive themselves. Work is underway at the Combined...
  • Pratt halted F-35 engine shipments in May over titanium

    (Reuters) - United Technologies Corp's Pratt & Whitney unit briefly suspended delivery of the engine for the F-35 Joint Strike Fighter jet in May because of questions about titanium provided to a parts supplier. Pratt said on Friday it discovered...
  • With eye on China, Japan defense planners seek spending boost

    TOKYO (Reuters) - Japan's defense planners are seeking their biggest budget ever for the coming fiscal year to pay for stealth fighters, drones and a hi-tech submarine, as Prime Minister Shinzo Abe bolsters the military amid an intensifying rivalry with...
  • Lockheed's exoskeleton 'Iron Man suit' may fit commercial world

    Lockheed's exoskeleton 'Iron Man suit' may fit commercial world
    Lockheed Martin Corp.'s Orlando missiles group unveiled its latest version of exoskeleton wear last week, a sign that the defense contractor may once again have its eye on the commercial world. Well known for aptly named military weapons such as...
  • Exclusive: Phone registry company Neustar weighs sale - sources

    Neustar Inc, a company which helps North American telecommunication carriers route calls and text messages, is considering a potential sale amid interest from private equity firms, according to people familiar with the matter. No formal sale process...