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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
  • Lockheed avoids the worst of layoffs

    Lockheed avoids  the worst of layoffs
    Lockheed Martin Corp. unleashed another downsizing last week aimed at eliminating 4,000 jobs nationwide – a move that appears to hit nearly every sector of the company except its Missiles and Fire Control unit in Orlando. Half of the layoffs...
  • SpaceX scrubs rocket launch at Cape Canaveral over technical issues

    SpaceX scrubs rocket launch at Cape Canaveral over technical issues
    After suffering through various technical issues with its Falcon 9 rocket, Hawthorne rocket maker SpaceX canceled its scheduled launch from Cape Canaveral. The company is targeting Thursday at 2:38 p.m. PST for its next launch attempt. SpaceX,...
  • Watch SpaceX launch telecommunications satellite from Cape Canaveral

    Watch SpaceX launch telecommunications satellite from Cape Canaveral
    [Updated 3:50 p.m. PST Nov. 25: SpaceX said it has canceled the planed launch because of technical issues. It has rescheduled the launch for Thursday at 2:38 PST. See the follow-up story here.]  Hawthorne rocket maker SpaceX is preparing to launch an...
  • The college-for-all model isn't working

     The college-for-all model isn't working
    Instead of going through Congress and making the initiative bipartisan, President Obama acted alone in mid-November, promising $100 million in grants to specialized high schools — such as New York City's Pathways in Technology Early College High...
  • Simulation-training contractors court global customers at trade show

    Simulation-training contractors court global customers at trade show
    Showcasing everything from virtual fighter jets to virtual surgery, Central Florida defense contractors cast a wider net Tuesday to haul in new customers at the country's largest military-training trade show. With U.S. military agencies battling major...
  • SpaceX reaches milestone in rocket launch from Cape Canaveral

    SpaceX reaches milestone in rocket launch from Cape Canaveral
    With a thunderous roar, a 224-foot rocket carrying a massive satellite launched from Cape Canaveral and blasted into outer space, hurtling over the Atlantic Ocean as it cut across the night sky. On Tuesday, Hawthorne rocket maker SpaceX lifted the SES-8...
  • Our leaders let an opportunity fly by

    Our leaders let an opportunity fly by
    SACRAMENTO—You might think that testing robotic aircraft for future civilian use would be a quintessential California enterprise. But not if you're a U.S. senator from the state. The governor's not exactly a cheerleader for the idea, either....
  • Rocket roars to life at Vandenberg with secret orbital payload

    Rocket roars to life at Vandenberg with secret orbital payload
    A 19-story-tall rocket launched from Vandenberg Air Force Base late Thursday night, carrying a secret payload for the U.S. government. An Atlas V rocket blasted off from Space Launch Complex 3 at 11:15 p.m. PST, lighting up the night sky as it roared...
  • Orlando firm competes in world of 3-D printing

    Orlando firm competes in world of 3-D printing
    Orlando entrepreneur Ken Church said his first brush with 3-D printing came years ago when he used a tiny laser beam to put an antenna on the head of an ant. At the time, he hoped the federal government would find a national-security use for it, said...
  • Mars One is one step closer to its dream of colonizing Mars

    Mars One is one step closer to its dream of colonizing Mars
    Mars One is a plucky not-for-profit organization that wants to turn the colonization of Mars into a worldwide reality TV show -- and it appears to be making headway. On Tuesday, Mars One announced it had contracted Lockheed Martin to develop a mission...
  • Marketing flourishes at simulation show

    Marketing flourishes at simulation show
    While the crowd numbers declined a bit at last week's military training and simulation trade show in Orlando, the marketing, pitching and deal-making were still at full throttle, organizers said. Hundreds of defense contractors, including many newcomers...
  • Cubic Corp. Orlando unit wins Navy training contract

    Cubic Corp. Orlando unit wins Navy training contract
    With scores of local jobs at stake, Cubic Corp.'s Orlando unit has won a deal potentially worth $112 million to produce training and simulation systems for an advanced Navy craft known as the Littoral Combat Ship, officials said Wednesday. The local...