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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
  • Boeing-Lockheed venture wins $938 million in U.S. rocket launch deal

    WASHINGTON (Reuters) - United Launch Alliance, a joint venture of Boeing Co and Lockheed Martin Corp , has won a contract from the U.S. Air Force for $938 million in additional work on military rocket launch services, the Pentagon said on Tuesday. The...
  • SpaceX must meet high standard to get rocket certified : U.S. officials

    WASHINGTON (Reuters) - Senior U.S. Air Force officials on Tuesday said they favored competition for military rocket launches, but the Air Force needed to stick to its high standards in certifying the Falcon 9 rocket, built by privately-held Space...
  • Boeing-Lockheed venture said teaming with Bezos on rocket engine

    Boeing-Lockheed venture said teaming with Bezos on rocket engine
    A joint venture of Boeing Co and Lockheed Martin Corp plans to announce on Wednesday that it will team up with Blue Origin, a company run by Amazon.com Inc founder Jeff Bezos, to develop a new rocket engine, a source familiar with the plans said....
  • Pratt says next F-35 engine deals will cut costs by 7-8 percent

    WASHINGTON (Reuters) - Pratt & Whitney, a unit of United Technologies Corp, said its contracts with the Pentagon for the next two batches of engines for the Lockheed Martin Corp F-35 fighter jet will result in combined cost savings of 7 percent to 8...
  • 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'...
  • France builds stealth wind turbines to avoid radar interference

    PARIS (Reuters) - France is building the world's first wind farm with turbine blades designed to minimize interference with radar systems, using technology partially inspired by stealth warplanes. EDF Energies Nouvelles, the renewables unit of state-...
  • 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...
  • Exclusive: Canada seen buying fighter jets from U.S., not Europe - source

    OTTAWA/WASHINGTON (Reuters) - Canada is likely to choose between two major U.S. firms when it buys a new fleet of jet fighters, excluding two European competitors, according to a source with direct knowledge of the matter. The source, who spoke on the...
  • 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...
  • 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...
  • Defense cuts, Ex-Im bank weigh on aerospace companies

    WASHINGTON (Reuters) - Commercial aviation and defense companies are grappling with dwindling U.S. defense spending, an uncertain fate for U.S. export financing and questions about the readiness of the Pentagon's top weapons program, the F-35 Joint Strike...