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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
  • Pratt halted F-35 engine shipments in May over titanium

    (Reuters) - United Technologies Corp's Pratt & Whitney unit briefly suspended delivery of the engine for the F-35 Joint Strike Fighter jet in May because of questions about titanium provided to a parts supplier. Pratt said on Friday it discovered...
  • 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...
  • 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...
  • 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...
  • California expands tax credit for stealth bomber to Northrop Grumman

    SACRAMENTO Calif. (Reuters) - California on Friday offered tax incentives to an aerospace company seeking to build the next generation of stealth bombers, after controversy that the state had earlier offered the valuable tax breaks only to its main...
  • Bill gives Northrop massive tax break

    Bill gives Northrop massive tax break
    SACRAMENTO — The state Senate has rushed to the governor a massive tax break designed to boost Northrop Grumman Corp.'s chances of landing a government contract to build next-generation stealth bombers for the Air Force. Final passage of the bill,...
  • California bill would provide bomber tax credit for Northrop Grumman

    California bill would provide bomber tax credit for Northrop Grumman
    With almost no debate, the state Assembly on Monday unanimously approved a nearly half-a-billion dollar potential tax credit for Northrop Grumman Corp. should it win a new Air Force bomber contract and build the aircraft in California. It now is back in...
  • Imperial County wants state to require use of more geothermal energy

    California's poorest county wants a bigger share of the state's $16-billion wholesale electricity market. Imperial County, which stretches east of San Diego County to Arizona, is seeking a special deal from the Legislature and Gov. Jerry Brown that...
  • Gov. Brown signs bills on transit projects, bribery, tax breaks

    Gov. Jerry Brown signed bills Friday to shine more sunlight on Los Angeles County transportation projects, extend the time for prosecuting bribery cases and authorize a possible tax break for a major aerospace company in California. In all, Brown signed...
  • Osceola smart sensor consortium gets funding, hires new experts

    Osceola smart sensor consortium gets funding, hires new experts
    University of Central Florida and Osceola County have made strides over the past few months on a proposal to build the Florida Center for Advanced Manufacturing Research in the Kissimmee area. The Osceola facility would focus on high-tech smart sensors,...
  • Spread the word: Salvation Army now in Zellwood

    Spread the word: Salvation Army now in Zellwood
    With some help from a local church, a group of Boy Scouts and Lockheed Martin Corp., the Salvation Army of Orlando has opened an outreach center in Zellwood. For now, the new office -- at 5538 Jones Ave. -- is open only on Tuesdays from 9:30 a.m. to...