Highlights
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...
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...
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.
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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Hopkins, Lockheed announce plan to create a better ICU
Johns Hopkins Medicine and defense contractor Lockheed Martin Corp. said Tuesday they would work together to create a safer and more efficient model for hospital intensive care units. The Armstrong Institute for Patient Safety and Quality at Hopkins...Tags: Hospitals and Clinics
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Federal spending in Maryland declines
Federal spending in Maryland dropped by nearly $1.4 billion last year — a setback for a state economy built largely on Washington dollars and a likely omen, analysts say, of further austerity to come. The pullback, which was revealed in census...Tags: Harford County, Northrop Grumman Corporation, Research, Marketing, Employment Opportunities
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Lockheed Martin to lay off 35 at Md. military facilities
Lockheed Martin Corp. is warning state regulators that it will lay off 35 employees based at five Maryland military facilities because a contract to provide services at those locations is not being renewed. The Bethesda-based defense contractor told...Tags: Maryland, Unemployment, Employees, United States Naval Academy, Annapolis
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Maryland's employment picture still dour in June
Maryland tied for the fastest pace of job loss in the past year in June, the federal government estimated Friday, the second month in a row that the state was at or near the bottom of the heap.
The state's unemployment rate — which had been...Tags: Companies and Corporations, Maryland, Unemployment, Employment, Employment Opportunities
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Lockheed Martin to lay off 95 in Greenbelt
Defense contractor Lockheed Martin Corp. said Wednesday that it will lay off up to 95 employees in Greenbelt when a government contract expires in September. The employees affected are working on a multi-year contract with the National Archives and...Tags: Unemployment, NASA, Employees, Manufacturing and Engineering, Aerospace Manufacturing
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California staffing firm lands Lockheed Martin contract
McClatchy-TribuneCalifornia-based firm SearchPros Staffing has entered into a long-term contract with Lockheed Martin Corp. to manage temporary staffing services for the aerospace giant. SearchPros director Myla Ramos was reluctant to discuss details of the deal Friday,...Tags: Contracts, Citrus Heights, Sacramento
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Paychecks raise eyebrows
Sun StaffCharity is big business in Maryland, and some of the providers provide the compensation packages to prove it. Seven of the state's 501(c)(3) organizations - charities, the most common nonprofits - paid more than $1 million in salary and benefits to at...Tags: Companies and Corporations, CEO Pay, Health and Safety at School, Justice System, Hotels and Accommodations
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Retiring is a time for hefty rewards
Sun StaffWith their seven-figure salaries and even larger bonuses, CEOs can buy some of the finer things in life, and put away a tidy sum for retirement. Often, however, they don't have to. Executive perks in Maryland, according to company filings, include...Tags: Companies and Corporations, Health and Safety at School, Insurance, Shareholders, Cleveland Clinic
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Space plane due in '08, NASA contractors told
Orlando SentinelWASHINGTON - NASA has formally notified the three contractors working on the orbital space plane project that the agency wants the companies to push toward a new deadline of 2008. When the project was proposed late last year, the plan was to have a...Tags: Orbital Sciences Corporation, Contracts, NASA, Rocketry, Boeing Co.
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Environment groups vow to defeat Buhl
Sun StaffThe state's leading environmental organizations announced yesterday that they will try to block Gov. Robert L. Ehrlich Jr.'s nominee to head the Department of the Environment, saying she lacks the experience needed to head the agency. Ten environmental...Tags: Robert L. Ehrlich Jr., U.S. Environmental Protection Agency, Thomas V. Mike Miller, Justice System, Brian E Frosh
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Business as usual for most local firms
SunSpot StaffMany Baltimore-area companies, citing security concerns, declined to discuss how an impending war with Iraq might affect their business practices. Those that did respond said that their primary consideration in the event of a military conflict is to...Tags: Companies and Corporations, Maryland, Iraq, Ciena Corporation, Aerospace Manufacturing
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Space shuttle loss hurts Lockheed, other NASA stocks
Sun StaffAs NASA continued to investigate the shuttle Columbia's disintegration and ponder the future of the nation's manned space program, Wall Street seemed to draw its own conclusion yesterday and punished stocks of the shuttle's manufacturers - along with...Tags: Orbital Sciences Corporation, Companies and Corporations, New York Stock Exchange, Stock Market, Rockwell Automation Incorporated
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