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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F-35 fighter jet program reaches milestone with vertical takeoff
The F-35 fighter jet, a nearly $400-billion weapons program under development for more than a decade, hit a major milestone when it completed its first-ever vertical takeoff. On Monday, aircraft manufacturer Lockheed Martin Corp. released a video in...
Tags: Military Aircraft, Military Equipment, U.S. Department of Defense, Armed Forces, Virgin Group, Ltd.
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U.S. government calls for fix of security program affecting Port of Hueneme
Ventura County StarPort of Hueneme maritime workers who use high-tech federal ID cards are voicing frustration about the domestic security program, and the Government Accountability Office has questions, too. Transportation Worker Identification Credentials, or TWIC, have...Tags: Stamford, Career and Workplace, Employees, September 11, 2001 Attacks, U.S. Congress
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Lockheed Martin executives defend littoral combat ships
Milwaukee Journal SentinelLockheed Martin Corp. on Tuesday defended its new littoral combat ships, made in Marinette, that were criticized recently as being too lightly armed and impractical for various missions. The first of the ships, USS Freedom, is deployed in Southeast Asia...Tags: U.S. Navy, Southeast Asia, Physical Fitness and Exercise, Singapore, Armed Forces
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Northrop may get largest state incentive deal of Scott's term
Northrop Grumman Corp., which reported a $2 billion profit last year, could receive nearly $19 million in cash and tax breaks from Florida in return for its planned expansion in Brevard County, which would make it the state's largest jobs-creation...
Tags: Rick Scott, Labor Legislation, Business Enterprises, Aerospace Manufacturing, Brevard County
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The Philadelphia Inquirer PhillyInc column
The Philadelphia InquirerTwo corporate giants with significant operations in the Philadelphia area have joined the earnings lovefest that Wall Street seems to be enjoying. DuPont Co., based in Wilmington, reported operating earnings of $1.56 per share, which beat analyst...Tags: Economy, Business and Finance, DuPont Co., The Philadelphia Inquirer, Quarterly or Semiannual Financial Statements, Agriculture
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Orlando unit helps lift Lockheed 1stQ sales
Lifted in part by some of its Orlando-based missile work, Lockheed Martin Corp. posted a healthy first-quarter profit Tuesday that topped Wall Street's forecast and sent the company's stock price rising. Bethesda, Md.-based Lockheed, which has a major...
Tags: Earnings Forecasts, Economy, Business and Finance, Unrest, Conflicts and War, Missile Systems, Quarterly or Semiannual Financial Statements
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BRIEF: IAI to build F-35 wings for Lockheed Martin
Globes, Tel Aviv, IsraelIsrael Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) will build wings for the F-35 Lightning II stealth combat jet, which Lockheed Martin Corporation (NYSE: LMT) will begin producing in 2015. The 10-15 year contract has a potential value of $2.5...Tags: Military Aircraft, Tel Aviv (Israel), Israel
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The day ahead in business April 23
Reports: PMI manufacturing index flash for April, 7:58 a.m.; FHFA housing price index for February, 8 a.m.; New home sales for March, 9 a.m.; Richmond Fed manufacturing index for April, 9 a.m. Local earnings: Anixter International Inc., DeVry Inc.,...
Tags: DeVry Incorporated, ITC Holdings Corporation, Anixter International Incorporated, Unisys Corporation, United Technologies Corporation
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Federal budget cuts to squeeze some states harder than others
With the Pentagon set to whack its share of $85 billion in automatic federal budget cuts last month, it didn't take long for Velma Searcy to feel the pain. The owner of a Palmdale maker of military aircraft parts saw two contracts quickly evaporate as...
Tags: Budget Control Act of 2011, Unemployment, Military Equipment, Public Finance, Aerospace Manufacturing
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Marines Extend Kaman's K-MAX Unmanned Helicopter's Use In Afghanistan
The U.S. Marine Corps has extended indefinitely its use of two unmanned K-MAX cargo helicopters in Afghanistan, a Navy spokeswoman said, noting the aircraft kept re-supply trucks off the road and reduced the threat of roadside bombs. The Marine Corps...
Tags: Bombings, U.S. Marine Corps, U.S. Department of Defense, Kaman Corporation, Afghanistan
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What Does Lockheed's F-35 Fighter Jet Really Cost?
The Hartford CourantLockheed Martin Corp. is developing and building the F-35 Joint Strike Fighter, the Pentagon's most expensive weapons program, for three U.S. military branches and eight international partners. The partners who are helping fund the plane's development...Tags: U.S. Military, Unrest, Conflicts and War, Military Equipment, Michael Gilmore, National Government
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U.S., Allies Plan To Buy Over 3,100 F-35 Fighters
The United States and its allies plan to buy more than 3,100 new F-35 Joint Strike Fighter warplanes in coming years. Following is a list of the planned purchases and possible changes, according to data provided by Lockheed Martin Corp., the prime...Tags: Military Aircraft, U.S. Marine Corps, Boeing Co., U.S. Navy, Unrest, Conflicts and War
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