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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 56-62
  • Inside the mind of Boy Genius, whose blog sold for millions

     
    Like that, the veil was lifted. One boy (now, man) made such a racket for mobile industry executives over the last 3 1/2 years that he seemingly upended how mobile juggernauts approach product leaks. Throughout that time, he remained almost universally...
  • SAUDI ARABIA: Riyadh upgrades air capabilities amid rising tensions with Iran

     
    Saudi Arabia could bear the brunt of the fallout of a conflict between Israel and Iran if tensions over Tehran's nuclear program come to a head. This could explain why the oil-rich kingdom, with an eye to Iran, appears to......
  • Earnings roundup: Lockheed, Bristol-Myers, 3M, Estee Lauder and more

     
    Several major companies reported mixed but generally strong quarterly earnings this morning. Some, like Bristol-Myers Squibb Co., reported soaring profits, and others posted losses that were smaller than expected. Lockheed Martin Corp., the world’s...
  • Predicting the weather changed forever 50 years ago

     
    At left: The TIROS-1 satellite in 1960 before its launch from Cape Canaveral, Fla. At right: The 44th and final TIROS spacecraft at Vandenberg Air Force Base, Calif. Credits: NASA (left); Lockheed Martin Corp. (right). For much of man's history, the...
  • Launch of robotic spacecraft to be webcast

     
    The X-37 inside a capsule atop a United Launch Alliance Atlas V rocket. Credit: United Launch Alliance.A small robotic spacecraft that looks like a miniature version of the space shuttle is set to launch today from Cape Canaveral, Fla. The spacecraft,...
  • Northrop tanker won Air Force contest in four areas

    Northrop Grumman Corp., the third- largest U.S. defense company, said it won a $35 billion Air Force aerial refueling tanker program because its bid was "more advantageous" in four of the five areas weighed in the contest. The company's tanker won in the...
  • New Boeing transport plane could keep Long Beach plant open

    Southern California's last major airplane factory, slated to close in two years, could find new life under a bold plan being floated by Boeing Co. to build a new version of the massive C-17 military cargo plane. The proposal, gaining traction among...