RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page.

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...
Show more »
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.
« Show less

Top Lockheed Martin Corp. Articles

Displaying items 97-108
  • Boeing shares slip after first 'underperform' rating since 2009

    Boeing shares slip after first 'underperform' rating since 2009
    Boeing Co shares slipped 1.3 percent on Tuesday after a pair of downgrades from highly ranked analysts, including one who cut the stock outlook to "underperform." The underperform rating by The Buckingham Research Group, a New York-based broker-dealer,...
  • With eye on China, Japan defense planners seek spending boost

    TOKYO (Reuters) - Japan's defense planners are seeking their biggest budget ever for the coming fiscal year to pay for stealth fighters, drones and a hi-tech submarine, as Prime Minister Shinzo Abe bolsters the military amid an intensifying rivalry with...
  • Driverless vehicles are in the Army's future

    Driverless vehicles are in the Army's future
    NEWPORTNEWS — U.S. military supply convoys have been constant targets in Iraq and Afghanistan over the years, but Army planners are working on a simple way to reduce the hazard: Let the vehicles drive themselves. Work is underway at the Combined...
  • 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...
  • Lockheed's exoskeleton 'Iron Man suit' may fit commercial world

    Lockheed's exoskeleton 'Iron Man suit' may fit commercial world
    Lockheed Martin Corp.'s Orlando missiles group unveiled its latest version of exoskeleton wear last week, a sign that the defense contractor may once again have its eye on the commercial world. Well known for aptly named military weapons such as...
  • Exclusive: Phone registry company Neustar weighs sale - sources

    Neustar Inc, a company which helps North American telecommunication carriers route calls and text messages, is considering a potential sale amid interest from private equity firms, according to people familiar with the matter. No formal sale process...
  • In response to Ferguson, Obama orders review of police use of military hardware

    In response to Ferguson, Obama orders review of police use of military hardware
    President Obama has ordered a review of the distribution of military hardware to state and local police out of concern at how such equipment has been used during racial unrest in Ferguson, Missouri. The president ordered the examination of federal...
  • Obama orders review of police use of military hardware

    EDGARTOWN Mass./WASHINGTON (Reuters) - U.S. President Barack Obama has ordered a review of the distribution of military hardware to state and local police out of concern at how such equipment has been used during racial unrest in Ferguson, Missouri....
  • Lockheed F-35 training work gets big boost

    Lockheed F-35 training work gets big boost
    Lockheed Martin Corp. has received a nearly $233 million boost to its Orlando work on flight-training and maintenance simulators for the advanced but often troubled F-35 Joint Strike Fighter program. The contract increase – one of the largest...
  • Navy will test Lockheed Martin exoskeleton technology

    Navy will test Lockheed Martin exoskeleton technology
    Lockheed Martin has received a contract for the U.S. Navy to evaluate and test human exoskeleton technology, which is basically a framework worn over clothing that is designed to help with heavy lifting. Specifically, the Navy is testing two Fortis...
  • Air Force grounds 82 F-16 fighter jets after cracks found near cockpit

    Air Force grounds 82 F-16 fighter jets after cracks found near cockpit
    The Air Force has temporarily grounded 82 of its aging F-16 fighter jets after structural cracks were found near the cockpits. The first cracks were discovered July 31 during post-flight inspections of a F-16D model, which is a two-seat variant...
  • Indian firms tool up for defense orders on Modi's 'buy India' pledge

    NEW DELHI (Reuters) - Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories....