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Highlights
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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    May 16, 2013 |Story| Reuters
  1. Australia heaps praise on F-35, says rivals years behind

    Reuters
    By Rob Taylor CANBERRA, May 16 (Reuters) - Lockheed Martin Corp is well on the way to fixing the F-35s performance and helmet problems, Australian military chiefs said on Thursday, rejecting criticism the troubled jet will be overmatched by newer Russian...

    Tags: Rockwell Collins Inc., Russia, Israel, Aerospace Manufacturing, Australia

  2. May 15, 2013 |Story| Reuters
  3. Australia military looks at long-range Triton patrol drone

    Reuters
    CANBERRA, May 16 (Reuters) - Australia is set to buy up to $3 billion worth of long-range maritime patrol drones and said on Thursday it had asked close ally the United States for detailed information and costings on the U.S. Navy's MQ-4C Triton...

    Tags: Aerospace Manufacturing, Boeing Co., U.S. Navy, Australia, Manufacturing and Engineering

  4. May 14, 2013 |Story| Reuters
  5. Lockheed says furloughs could delay F-35 fighter, other programs

    Reuters
    WASHINGTON, May 14 (Reuters) - The Pentagon's plans to put most of its 800,000 civilian employees on unpaid leave for 11 days could lead to delays on Lockheed Martin Corp's F-35 Joint Strike Fighter and other weapons programs, a top company official...

    Tags: Military Aircraft, Layoffs and Downsizing

  6. May 14, 2013 |Story| Reuters
  7. U.S. Navy makes aviation history with carrier drone launch

    Reuters
    ABOARD THE USS GEORGE H.W. BUSH (Reuters) - The U.S. Navy made aviation history on Tuesday by launching an unmanned jet off an aircraft carrier for the first time, taking an important step toward expanded use of drones by the American military with an eye...

    Tags: Aerospace Manufacturing, Northrop Grumman Corporation, U.S. Navy, Aircraft Carriers, Unrest, Conflicts and War

  8. May 13, 2013 |Story| Reuters
  9. FACTBOX-Speakers at Reuters Cybersecurity Summit

    Reuters
    (For other news from Reuters Cybersecurity Summit, click on http://www.reuters.com/summit/Cyber13) May 12 (Reuters) - Jeff Moss Chief Security Officer ICANN Richard McFeely Executive Assistant Director FBI Gerry Cauley President and CEO NERC (North...

    Tags: Aerospace Manufacturing, National Security Agency, U.S. Navy, Manufacturing and Engineering, Janet Napolitano

  10. Feb 4, 2003 |Story| Baltimore Sun
  11. NASA again looks at foam that hit wing

    Sun Staff
    NASA investigators seeking the cause of Saturday's shuttle disaster are taking another hard look at a sheet of insulating foam that broke away from Columbia's external fuel tank and struck the craft's left wing during liftoff Jan. 16. Engineers had...

    Tags: Transportation Accidents, Air and Space Accidents, Building Material, Science and Technology, Disasters and Accidents

  12. Feb 4, 2003 |Story| Baltimore Sun
  13. Space shuttle loss hurts Lockheed, other NASA stocks

    Sun Staff
    As 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: Northrop Grumman Corporation, Science and Technology, Aerospace Manufacturing, Science, Fairfax (Fairfax, Virginia)

  14. May 5, 2013 |Story| Orlando Sentinel
  15. 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 incentive deal since Gov. Rick Scott took office two years ago.
    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: Aerospace Manufacturing, Economy, Business and Finance, Melbourne, Long Island, Brevard County

  16. May 3, 2013 |Story| Reuters
  17. U.S. Navy moves ahead on new presidential helicopter program

    Reuters
    By Andrea Shalal-Esa WASHINGTON, May 3 (Reuters) - The U.S. Navy posted the final rules for a long-delayed, multibillion dollar competition for a new fleet of presidential helicopters, saying it planned to award a contract about a year from now despite...

    Tags: Science and Technology, Aerospace Manufacturing, U.S. Navy, U.S. Military, Manufacturing and Engineering

  18. May 2, 2013 |Story| Reuters
  19. Australia backs F-35 fighter jets in new defence strategy

    Reuters
    CANBERRA, May 3 (Reuters) - Australia committed to long-term plans to buy up to 100 Lockheed Martin Corp F-35 fighter jets in a new defence blueprint released on Friday, helping to ease concerns about the future of the controversial stealth fighter....

    Tags: Aerospace Manufacturing, BAE Systems Plc., Canberra (Australia), Boeing Co., Australia

  20. May 1, 2013 |Story| Reuters
  21. Finmeccanica's unit wins $141 mln contract for F-35 programme

    Reuters
    MILAN, May 2 (Reuters) - Alenia Aermacchi, a company of Italy's defence group Finmeccanica, has won a contract worth $141 million for Lockheed Martin Corp's F-35 fighter jets programme. In a statement on Thursday, Finmeccanica said Alenia Aermacchi...

    Tags: Italy, Milan (Italy)

  22. Apr 30, 2013 |Story| Reuters
  23. Arms makers welcome dialogue with Pentagon as budget woes rise

    Reuters
    WASHINGTON, April 30 (Reuters) - Executives at U.S. weapons makers on Tuesday said their meeting on Monday with Defense Secretary Chuck Hagel was a "positive continuation" of a dialogue begun by his predecessor, Leon Panetta. About 50 defense industry...

    Tags: Aerospace Manufacturing, Northrop Grumman Corporation, Unrest, Conflicts and War, Manufacturing and Engineering, Defense Equipment

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Lockheed Martin Corp. Photos
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