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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 133-144
  • Raymond T. Tate Jr., 89, of Mount Airy

    Raymond Theodore Tate Jr., 89, of Mount Airy, died Thursday, April 10, 2014, at his home in Mount Airy. Born in Ragland, Ala., in 1924, he was the son of the late Raymond T. Tate Sr. and Marian Curd Best. He was the husband of the late Helen Jackson...
  • Space entrepreneur seeks end to spy satellite launch monopoly

     Space entrepreneur seeks end to spy satellite launch monopoly
    A high-stakes battle is underway in Washington over launching the U.S. government's most sophisticated national security satellites. Space entrepreneur Elon Musk is pitted against the nation's two largest weapons makers, Boeing Co. and Lockheed Martin...
  • Iraq crisis: Obama faces limited options in Iraq crisis, doubts over air strikes

    Iraq crisis: Obama faces limited options in Iraq crisis, doubts over air strikes
    Two and a half years after President Barack Obama disentangled America from a long, unpopular war in Iraq, his options for helping the Iraqi government stave off a militant onslaught are slim as doubts simmer over whether even punishing air strikes...
  • 'Maleficent' casts spell on box office. R.I.P. Ann B. Davis.

    'Maleficent' casts spell on box office. R.I.P. Ann B. Davis.
    After the coffee. Before deciding who to root for in the Stanley Cup. The Skinny: I'm not a hockey fan, but I did watch the Kings' overtime win. Now I have a dilemma. Do I root for the Kings or do I root for the Rangers because in my heart I'm a New...
  • Passenger figures decline at Bob Hope Airport

    Passenger figures decline at Bob Hope Airport
    The number of passengers at Bob Hope Airport declined 1.5% in April, and parking revenues, while they did rise, didn't grow enough to meet budget projections, according to the latest statistics. There were 325,839 passengers in April, compared to 330,...
  • Lockheed Martin delivers first F-16 to Iraq

    Lockheed Martin delivers first F-16 to Iraq
    It would’ve been unthinkable before 2003: a major U.S. contractor delivering a sophisticated warplane to Iraq. That’s what happened this week, punctuated by a ceremony Thursday at Lockheed Martin’s plant in Fort Worth, Texas....
  • Lockheed Martin to pull employees out of Iraq over safety concerns

    Lockheed Martin to pull employees out of Iraq over safety concerns
    Global defense and security company Lockheed Martin announced plans Thursday to evacuate all employees from the Balad area in northern¬†Iraq due to concerns for their safety with escalating violence in the region, officials confirmed. “We are fully...
  • Lockheed Martin takes children to work

    Lockheed Martin takes children to work
    It’s not every day that people can play a life-sized Angry Birds game on the front lawn at the Lockheed Martin Missiles and Fire Control plant. In the name of Take Your Child to Work Day, access to the plant was broadened on Thursday for a brief...
  • Drone companies unveil new tech at Orlando AUVSI expo

    Drone companies unveil new tech at Orlando AUVSI expo
    Despite controversy raging about the sudden explosion of drone technology, businesses are eagerly announcing new products at this week’s AUVSI¬†expo at the Orange County Convention Center. The conference, called simply AUVSI's Unmanned Systems...
  • Bob Hope Airport OKs balanced budget

    Bob Hope Airport OKs balanced budget
    Bob Hope Airport officials on Monday approved a balanced budget for next fiscal year even though revenues are projected to remain relatively flat — and they didn't have to raise airline landing fees. In the past few years, officials have taken...
  • SpaceX gets closer to making a reusable rocket, sues Air Force

    Elon Musk, founder and chief executive of Hawthorne rocket maker SpaceX, hastily called a news conference Friday in Washington, D.C., where he outlined an array of matters confronting his upstart company. A cryptic email was sent to media around 9 p.m....
  • Bob Hope Airport sees fewer passengers in March

    Bob Hope Airport sees fewer passengers in March
    The number of passengers traveling through Bob Hope Airport declined by almost 4% last month compared to March 2013, according to the latest statistics. There were 320,787 passengers last month, a roughly 3.9% slide from 333,647 passengers the same time...