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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
  • Lockheed Martin to pull employees out of Iraq over safety concerns

    Lockheed Martin to pull employees out of Iraq over safety concerns
    Global defense and security company Lockheed Martin announced plans Thursday to evacuate all employees from the Balad area in northern Iraq due to concerns for their safety with escalating violence in the region, officials confirmed. “We are fully...
  • Iraq Kurds seize Kirkuk; Sunni militants surge toward Baghdad

    Iraq Kurds seize Kirkuk; Sunni militants surge toward Baghdad
    Iraqi Kurdish forces took control of the northern oil city of Kirkuk earlier Thursday, after government troops abandoned their posts in the face of a triumphant Sunni Islamist rebel march towards Baghdad that threatens Iraq's future as a unified state....
  • Passenger figures decline at Bob Hope Airport

    Passenger figures decline at Bob Hope Airport
    The number of passengers at Bob Hope Airport declined 1.5% in April, and parking revenues, while they did rise, didn't grow enough to meet budget projections, according to the latest statistics. There were 325,839 passengers in April, compared to 330,...
  • SpaceX gets closer to making a reusable rocket, sues Air Force

    Elon Musk, founder and chief executive of Hawthorne rocket maker SpaceX, hastily called a news conference Friday in Washington, D.C., where he outlined an array of matters confronting his upstart company. A cryptic email was sent to media around 9 p.m....
  • Navy plan for carrier-based drones takes flak from lawmakers

    Navy plan for carrier-based drones takes flak from lawmakers
    A U.S. Navy plan for aircraft carrier-based drones has launched a dogfight in Washington over the role of the robotic planes in combat. The Navy has asked contractors for reconnaissance drones — essentially spy planes, with only limited ability to...
  • Lockheed Martin delivers first F-16 to Iraq

    Lockheed Martin delivers first F-16 to Iraq
    It would’ve been unthinkable before 2003: a major U.S. contractor delivering a sophisticated warplane to Iraq. That’s what happened this week, punctuated by a ceremony Thursday at Lockheed Martin’s plant in Fort Worth, Texas....
  • Northrop's latest expansion may be tied to B-2 bomber bid

    Northrop's latest expansion may be tied to B-2 bomber bid
    Northrop Grumman Corp. revealed Thursday its second major Space Coast expansion in as many years, a move that could potentially create 1,800 high-paying jobs and provide a $500 million lift for an area still hard-hit from the end of the space-shuttle...
  • 'Maleficent' casts spell on box office. R.I.P. Ann B. Davis.

    'Maleficent' casts spell on box office. R.I.P. Ann B. Davis.
    After the coffee. Before deciding who to root for in the Stanley Cup. The Skinny: I'm not a hockey fan, but I did watch the Kings' overtime win. Now I have a dilemma. Do I root for the Kings or do I root for the Rangers because in my heart I'm a New...
  • Drone companies unveil new tech at Orlando AUVSI expo

    Drone companies unveil new tech at Orlando AUVSI expo
    Despite controversy raging about the sudden explosion of drone technology, businesses are eagerly announcing new products at this week’s AUVSI expo at the Orange County Convention Center. The conference, called simply AUVSI's Unmanned Systems...
  • F-35 spending buoys Lockheed, Harris

    F-35 spending buoys Lockheed, Harris
    Central Florida's largest high-tech players — Lockheed Martin Corp. and Harris Corp. — have a big chunk of their revenue prospects hitched to the often controversial, sometimes uneven flight path of the F-35 Joint Strike Fighter. Over the...
  • U.S.-Russia tension could affect space station, satellites

    The escalating tension between the U.S. and Russia over Ukraine has reached a new altitude: space. In the aftermath of the Cold War, the two superpowers set aside their mistrust and agreed to build a massive orbiting outpost as a symbol of a new era...
  • Reality check on Northrop's big plans

    Reality check on Northrop's big plans
    Now that the dust has settled after Northrop Grumman Corp.'s announcement of yet another big expansion on the Space Coast, it might be time for a reality check. Although it's possible the company might build the next-generation B-2 stealth bomber in...