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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 12-22
  • AeroVironment profit nearly triples in third quarter

    AeroVironment profit nearly triples in third quarter
    Boosted by sales of its small drones, Monrovia company AeroVironment Inc. reported that its third-quarter earnings nearly tripled, sending its stock up in after-hours trading. At one point, shares of AeroVironment were up $1.81, or 5.7%, to $33.55 on...
  • Defense firms see shares rise after Pentagon budget plan is detailed

    Defense firms see shares rise after Pentagon budget plan is detailed
    Major U.S. weapon makers watched their shares tick upward in trading Monday after the announcement of the Pentagon’s budget plan. Defense Secretary Chuck Hagel outlined details on the fiscal 2015 budget request, which shielded large, big-ticket...
  • Lockheed and AeroVironment sign agreement on drone development

    Lockheed and AeroVironment sign agreement on drone development
    Defense giant Lockheed Martin Corp. signed an agreement with Monrovia drone maker AeroVironment Inc. to pursue opportunities together in unmanned aircraft development. The deal was announced late Thursday at the Defense Expo in India and centered on...
  • Engineer accused of trying to send F-35 fighter jet papers to Iran

    Engineer accused of trying to send F-35 fighter jet papers to Iran
    Customs agents in Long Beach were shocked after opening boxes labeled "House Hold Goods" bound for Iran and finding thousands of documents outlining secret information on the military's $392-billion fighter jet program. The treasure trove of technical...
  • Lockheed exaggerates number of jobs on F-35 program, new report says

    Lockheed exaggerates number of jobs on F-35 program, new report says
    Lockheed Martin Corp.’s claims that the development and construction of the nearly $400 billion F-35 Joint Strike Fighter will sustain 125,000 jobs in 46 states is “greatly exaggerated,” according to a new report by a research center.  ...
  • Our leaders let an opportunity fly by

    Our leaders let an opportunity fly by
    SACRAMENTO—You might think that testing robotic aircraft for future civilian use would be a quintessential California enterprise. But not if you're a U.S. senator from the state. The governor's not exactly a cheerleader for the idea, either....
  • 71 years after a baby girl's birth, her mother gets a gift

    71 years after a baby girl's birth, her mother gets a gift
    PASO ROBLES, Calif. — The host was a good cook, famous for his mashed potatoes. No — not potatoes. Beans. Baked beans. That was it. Brooke Mayo held a finger to her cheek. "Old age is getting to me," she said at last. The images of that...
  • Drone giant California loses bids for federal testing sites

    Drone giant California loses bids for federal testing sites
    WASHINGTON — Although California is home to some of the nation's biggest drone manufacturers, the state was passed over Monday when the federal government picked six sites across the nation for testing the use of robotic aircraft in U.S. airspace....
  • Six states chosen as drone testing sites; California among losers

    Six states chosen as drone testing sites; California among losers
    WASHINGTON -- After a fierce nationwide competition that offers potentially big economic benefits for the winners, six sites were selected Monday for testing of how drones can be more widely used in U.S. airspace. The Federal Aviation Administration...
  • Mars One is one step closer to its dream of colonizing Mars

    Mars One is one step closer to its dream of colonizing Mars
    Mars One is a plucky not-for-profit organization that wants to turn the colonization of Mars into a worldwide reality TV show -- and it appears to be making headway. On Tuesday, Mars One announced it had contracted Lockheed Martin to develop a mission...
  • Rocket roars to life at Vandenberg with secret orbital payload

    Rocket roars to life at Vandenberg with secret orbital payload
    A 19-story-tall rocket launched from Vandenberg Air Force Base late Thursday night, carrying a secret payload for the U.S. government. An Atlas V rocket blasted off from Space Launch Complex 3 at 11:15 p.m. PST, lighting up the night sky as it roared...