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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 97-108
  • '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...
  • 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,...
  • 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,...
  • Newcomers gain traction in race for NASA's new spacecraft deal

    Newcomers gain traction in race for NASA's new spacecraft deal
    An established aerospace giant and two newcomers are in the final stretch of a competition to build the next "taxi service" to the International Space Station, and experts say the upstarts are gaining traction. Boeing Co., SpaceX and Sierra Nevada Corp....
  • NASA finalizes contract to build the most powerful rocket ever

    NASA finalizes contract to build the most powerful rocket ever
    NASA has reached a milestone in its development of the Space Launch System, or SLS, which is set to be the most powerful rocket ever and may one day take astronauts to Mars.  After completing a critical design review, Boeing Co. has finalized a $2.8-...
  • 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...
  • 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....
  • 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...
  • Lockheed Martin takes children to work

    Lockheed Martin takes children to work
    It’s not every day that people can play a life-sized Angry Birds game on the front lawn at the Lockheed Martin Missiles and Fire Control plant. In the name of Take Your Child to Work Day, access to the plant was broadened on Thursday for a brief...
  • 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...