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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
  • 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...
  • F-35 fighter jets to resume flights after fire led to grounding

    F-35 fighter jets to resume flights after fire led to grounding
    A fleet of F-35 Joint Strike Fighter jets is expected to return to regular flight operations at Eglin Air Force Base in Florida after being grounded because of a fire this week. All F-35 flight operations for the Air Force at the base had been...
  • Political turmoil could give California rocket firm edge over Russians

    Political turmoil could give California rocket firm edge over Russians
    Political fallout over the seizure of Crimea has caused the U.S. government to rethink its partnership with Russia on space programs, which has bolstered business prospects for a historic California rocket company. Engineers at Aerojet Rocketdyne in...
  • Assembly approves tax credits for aerospace industry

    Assembly approves tax credits for aerospace industry
    The California Assembly on Thursday approved a fast-tracked proposal to provide up to $420 million in tax breaks over 15 years for the aerospace industry. The bill by Assemblyman Steve Fox (D-Palmdale) would offer credits for an "advanced strategic...
  • SpaceX CEO Elon Musk suggests rival hired official in return for deal

    SpaceX CEO Elon Musk suggests rival hired official in return for deal
    Elon Musk, chief executive of Space Exploration Technologies Corp., went on Twitter to suggest that his competitors hired an Air Force official in return for a big contract. The 42-year-old billionaire didn't offer backup for his accusations against...
  • U.S. military grounds all F-35 jets after fire at Florida base

    U.S. military grounds all F-35 jets after fire at Florida base
    In the latest setback for the Pentagon’s nearly $400-billion F-35 Joint Strike Fighter program, the U.S. military has grounded all of the fighter jets from flight operations after one of them caught fire at Eglin Air Force Base in Florida earlier...
  • U.S. Military Grounds All F-35 Jets After Fire At Florida Base

    In the latest setback for the Pentagon's nearly $400 billion F-35 Joint Strike Fighter program, the U.S. military has grounded all of the fighter jets from flight operations after one of them caught fire at Eglin Air Force Base in Florida earlier this...
  • Amazing NASA video shows the sun erupting in unprecedented detail

    Amazing NASA video shows the sun erupting in unprecedented detail
    You've never seen a solar eruption video quite like this before. After 11 months in space, NASA's Interface Region Imaging Spectrograph (IRIS) has captured video of a coronal mass ejection in unprecedented detail, and the results are spectacular.  And...
  • U.S. military grounds F-35 Joint Strike Fighter after fire

    U.S. military grounds F-35 Joint Strike Fighter after fire
    In the latest setback for the Pentagon's pricey F-35 Joint Strike Fighter program, the U.S. military has grounded all of the fighter jets from flight operations after a fire that occurred at Eglin Air Force Base in Florida this week. Flights were...
  • California grants $420-million tax break to Lockheed Martin Corp.

    The Legislature went home for a month Thursday, but not before handing aerospace giant Lockheed Martin Corp. a controversial $420-million tax break. Branded as a sweetheart deal for Lockheed, the bill sailed through the Assembly and Senate — but...
  • California lawmakers weigh tax credit for bomber program

    A bitter fight has broken out between aerospace industry behemoths over fast-tracked legislation that could provide one company with an upper hand in an upcoming $55-billion competition to build a fleet of next-generation stealth bombers. On one side is...
  • Sensor project will rely on teamwork

    Sensor project will rely on teamwork
    If all the dollars and cents, bricks and mortar eventually fall into place, the University of Central Florida will make a national showcase out of its proposed smart-sensor research and manufacturing center in Osceola County. One thing has become clear,...