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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NJ mayor resigns amid escort website sex scandal
MEDFORD, N.J. (AP) — A married New Jersey mayor has resigned his post two months after someone claiming to be a prostitute said on a website he had sex with the mayor at a California hotel. Chris Myers resigned Monday from the top spot in the...Tags: Philadelphia (Philadelphia, Pennsylvania)
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Pentagon sees doubled cost for rocket launch program
ReutersWASHINGTON (Reuters) - The Pentagon on Thursday told Congress that a recent restructuring of its heavy rocket launch program to add 60 more launches and extend the schedule for a decade would more than double the program's projected cost to $70.7 billion....Tags: U.S. Department of Defense, NASA, Science and Technology, Aerospace Manufacturing, U.S. Military
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FACTBOX-What does Lockheed's F-35 fighter jet really cost?
ReutersWASHINGTON, May 23 (Reuters) - Lockheed 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 Pentagon released new...Tags: U.S. Department of Defense, National Government, Government, Military Equipment, Budgets and Budgeting
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Factbox: What does Lockheed's F-35 fighter jet really cost?
ReutersWASHINGTON (Reuters) - Lockheed 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 Pentagon released new cost...Tags: U.S. Department of Defense, National Government, Government, Budgets and Budgeting, Military Equipment
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U.S. sees first drop in F-35 costs; other programs steady
ReutersWASHINGTON (Reuters) - The Pentagon on Thursday told Congress it expected a 1 percent drop in the cost of its biggest weapons program, the Lockheed Martin Corp. F-35 fighter jet, while averting the huge cost increases seen on other weapons programs in...Tags: U.S. Department of Defense, Military Equipment, Aerospace Manufacturing, U.S. Military, Wars and Interventions
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Pentagon sees slight drop in F-35 acquisition costs -sources
ReutersWASHINGTON, May 23 (Reuters) - The Pentagon's annual report to Congress shows a decline of $4.5 billion or just over 1 percent in the projected development and acquisition cost of the Lockheed Martin Corp F-35 fighter jet program, sources familiar with... -
Pentagon sees slight drop in F-35 acquisition costs: sources
ReutersWASHINGTON (Reuters) - The Pentagon's annual report to Congress shows a decline of $4.5 billion, or just over 1 percent, in the projected development and acquisition cost of the Lockheed Martin Corp F-35 fighter jet program, sources familiar with the data...Tags: U.S. Department of Defense, Military Aircraft, U.S. Military, U.S. Air Force, U.S. Congress
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RPT-U.S. industry touts 'drone' promise as public debate flares
ReutersBy Andrea Shalal-Esa WASHINGTON, May 22 (Reuters) - Public backlash against deadly overseas drone strikes may undermine promising uses of such technology for anything from disaster response to mail delivery, a top U.S. industry group said as it...Tags: U.S. Department of Defense, National Government, Government, Military Equipment, Aerospace Manufacturing
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U.S. industry touts 'drone' promise as public debate flares
ReutersWASHINGTON (Reuters) - Public backlash against deadly overseas drone strikes may undermine promising uses of such technology for anything from disaster response to mail delivery, a top U.S. industry group said as it launched a lobbying effort to...Tags: U.S. Department of Defense, Military Equipment, Aerospace Manufacturing, Northrop Grumman Corporation, Aircraft Carriers
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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: U.S. Department of Defense, Military Aircraft, Science and Technology, Military Equipment, Bethesda (Montgomery, Maryland)
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Exclusive: U.S. Air Force to move forward target date for F-35 use
ReutersWASHINGTON (Reuters) - The U.S. Air Force plans to start operational use of Lockheed Martin Corp.-built F-35 fighter jets in mid-2016, a year earlier than planned, using a similar software package as the Marine Corps, two sources familiar with the plans...Tags: U.S. Department of Defense, Software Industry, Military Aircraft, Weaponry, Sports Organizations
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EXCLUSIVE-U.S. Air Force to move forward target date for F-35 use
Reuters* Air Force aims for mid-2016 start * Navy eyes mid-2018 date for operational use of F-35s * Marines sticking to mid-2015 target date By Andrea Shalal-Esa WASHINGTON, May 20 (Reuters) - The U.S. Air Force plans to start operational use of Lockheed...Tags: U.S. Department of Defense, Weaponry, Military Aircraft, Software Industry, Sports Organizations
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