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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 85-96
  • 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...
  • 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.  ...
  • Six states chosen as drone testing sites; California among losers

    WASHINGTON -- After a fierce nationwide competition that offers potentially big economic benefits for the winners, six sites were selected Monday for testing of how drones can be more widely used in U.S. airspace. The Federal Aviation Administration...
  • Drone giant California loses bids for federal testing sites

    Drone giant California loses bids for federal testing sites
    WASHINGTON — Although California is home to some of the nation's biggest drone manufacturers, the state was passed over Monday when the federal government picked six sites across the nation for testing the use of robotic aircraft in U.S. airspace....
  • 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...
  • Chart: Top employers

    ++++++++++++++++++++ || Rank || Rank '12 || Company (Local subsidiary) || 2013 Full-time || 2013 Part-time || 2013 Total || 2012 Total || || 1 || 1 || Walt Disney Co. (Walt Disney World) || 43700 || 26200 || 69900 || 66700 || || 2 || 2 || Adventist...
  • 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...
  • Tracing the DNA of Orlando's LensAR

    Tracing the DNA  of Orlando's LensAR
    After a shakeout in recent years, Central Florida's laser eye-surgery technology industry – once bustling with many companies – has only a few left today. But one of them, LensAR Inc., is gaining prominence on a global scale. Orlando-based...
  • Lockheed Martin to lay off 4,000 workers, shrink California operations

    Lockheed Martin to lay off 4,000 workers, shrink California operations
    Defense contractor Lockheed Martin on Thursday said it would cut 4,000 positions and close several facilities due to reduced government defense spending.   The Bethesda, Md.-based company said it would close plants in Pennsylvania, Ohio, Texas and...
  • Lockheed gets $449M in cruise-missile deals

    Lockheed gets $449M in cruise-missile deals
    Lockheed Martin Corp.'s Orlando missiles unit has received two new contracts worth a combined $449 million to produce next-generation stealth cruise missiles for the U.S. Air Force, the company said Thursday. The latest deals for the advanced cruise...
  • 71 years after a baby girl's birth, her mother gets a gift

    71 years after a baby girl's birth, her mother gets a gift
    PASO ROBLES, Calif. — The host was a good cook, famous for his mashed potatoes. No — not potatoes. Beans. Baked beans. That was it. Brooke Mayo held a finger to her cheek. "Old age is getting to me," she said at last. The images of that...