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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
  • 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, Fla., and blasted into outer space, hurtling over the Atlantic Ocean as it cut across the night sky. On Tuesday, Hawthorne rocket maker SpaceX lifted...
  • Chart: Top employers

    ++++++++++++++++++++ || Rank || Rank '12 || Company (Local subsidiary) || 2013 Full-time || 2013 Part-time || 2013 Total || 2012 Total || || 1 || 1 || Walt Disney Co. (Walt Disney World) || 43700 || 26200 || 69900 || 66700 || || 2 || 2 || Adventist...
  • 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...
  • 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,...
  • 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...
  • 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...
  • Lockheed to lay off 600 in mission, training systems business, which includes Orlando

    Lockheed to lay off 600 in mission, training systems business, which includes Orlando
    Lockheed Martin Corp. plans to hand out pink slips to about 600 workers across the country in its Mission Systems and Training division, which includes its Orlando simulation technology operation, the company said Wednesday. Bethesda, Md.-based Lockheed...
  • Lockheed trims layoffs after Pentagon recalls furloughed workers

    Lockheed trims layoffs after Pentagon recalls furloughed workers
    WASHINGTON -- Defense giant Lockheed Martin Corp. said Monday it would reduce its planned layoffs to 2,400, after the Pentagon recalled most of the civilian workers it had furloughed because of the partial federal government shutdown. The move came...
  • Defense companies land $500M in deals

    Defense companies land $500M in deals
    Before the now-notorious partial government shutdown took hold, the Pentagon awarded hundreds of millions of dollars in contracts to Central Florida defense contractors, according to Defense Department records. Overall, figures indicate the military...
  • Navy delays warship training contract

    Navy delays warship training contract
    The Navy's Orlando training-systems agency has indefinitely delayed a major contract award amid uncertainty about the potential for fallout from the federal government's ongoing deficit-reduction cutbacks in military spending. Authorities have put a...
  • Lawyers in Michael Jackson wrongful-death suit can't mask animosity

    Brian Panish was indignant as the two men argued in the judge's chambers. "Judge," the Michael Jackson family attorney snapped, "if I want to give him the finger, I know how to give him the finger." "And you did it quite well twice," replied Marvin...
  • URS Corp. furloughs 3,000 workers amid government shutdown

    URS Corp. furloughs 3,000 workers amid government shutdown
    A San Francisco-based engineering-advisory firm, URS Corp., said Thursday it has furloughed 3,000 employees because of the partial government shutdown and more employees could be affected if the stalemate in Washington drags on. URS said that those...