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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Chamber of Commerce lobbying budget grows in 2008; spent over $38 million through September
AP Business WriterWASHINGTON (AP) _ Unique challenges in 2008 — including an economy in recession — has a group representing more than 3 million U.S. businesses on pace to spend even more on lobbying this year than it has in other election years. The U.S....Tags: Barack Obama, Government, Illegal Immigrants, Work Relations, Heads of State
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Bailout leaves weapons programs up in the air
Sentinel Staff WriterThe nation's massive financial bailout has increased pressure on the Pentagon to cut spending on some costly major weapons programs, including Lockheed Martin Corp.'s F-22 Raptor fighter jet, defense experts say. The Pentagon recently put a hold on...Tags: Barack Obama, Government, Harris Corp., Budgets and Budgeting, Parliament
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Patents
Utility A utility patent protects how something works and what it does. Central Florida inventors who have recently received utility patents include: Douglas L. Youngblood, Palm Bay; and Steven R. Smith, Melbourne. A multiple channel programmable...Tags: Harris Corp., Apopka, Tucson, Maitland, Patents, Copyrights and Trademarks
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Disney tops Central Florida's biggest employers
Sentinel Staff WriterIn this year of economic turmoil and uncertainty, it might be comforting to know that Central Florida's biggest companies and major employers are, for the most part, still here and even bigger after a decade of growth. Every year, the Orlando Sentinel'...Tags: Universal Orlando, McDonald's, Aerospace Manufacturing, Marriott International Incorporated, Economic Policy
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Utility patents
A utility patent protects how something works and what it does. Central Florida inventors who have recently received utility patents include: Vishnu K. Naidu, Windermere; and Joseph R. Russo Jr., Orlando. A wringing device. Assigned to CHEP Technology...Tags: Harris Corp., Patents, Copyrights and Trademarks, Melbourne, Orlando, Windermere
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Boeing files protest of vehicle bid
Associated PressAssociated Press Chicago-based Boeing Co. and Textron Inc. have challenged the government's selection of three other teams to build a lightweight tactical vehicle to replace the Humvee, company and Marines Corps officials said Tuesday. The Boeing-...Tags: Northrop Grumman Corp., Aerospace Manufacturing, Boeing Co., Defense, Armor Holdings Incorporated
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Norway chooses Lockheed F-35 fighter to replenish its fleet
Sentinel Staff WriterIn a move potentially worth billions of dollars, Norway has selected Lockheed Martin Corp.'s F-35 Joint Strike Fighter to replace that country's aging F-16 fighter-jet fleet, officials said today. Lockheed and its team had been competing for the deal...Tags: Harris Corp., Texas, Defense, Armed Forces, Melbourne
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Companies want part of pension law suspended
The Associated PressWith pension funds facing billions of dollars in shortfalls as markets plunge, a range of companies from Ford to Verizon are pushing Congress to suspend portions of a 2-year-old law they say could force them to make job cuts as they shift scarce money...Tags: Ford Motor Co., Government, Northrop Grumman Corp., Parliament, Aerospace Manufacturing
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Firms seek relief from '06 pension reform law
Associated PressWith pension funds facing billions of dollars in shortfalls as markets plunge, major companies are pushing Congress to suspend parts of a two-year-old law that they say could force them to cut jobs as they shift scarce money into ailing retirement pools....Tags: Ford Motor Co., Government, Boeing Co., Northrop Grumman Corp., Parliament
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Boeing to offset defense spending
Chicago-based Boeing Co., a defense contractor, plans to buy companies in areas that are growing faster than proposed U.S. spending on new weapons, including homeland security, intelligence programs and logistics support. "We are working very hard to...Tags: Merrill Lynch & Company Inc., Boeing Co., Aerospace Manufacturing, Globalization, Defense
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Lockheed's Orlando unit lands $30M contract to make equipment for U.S. Air Force
Sentinel Staff WriterLockheed Martin Corp.'s Orlando missiles unit has received a $30 million contract to produce laser-guided-weapon equipment for the Air Force, the company said this week. Lockheed Missiles' latest deal involves production of equipment sets to be installed...Tags: Aerospace Manufacturing, Defense, Weaponry, Armed Forces, Raytheon Company
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Congress, Pentagon disagree about funds for Lockheed F-22 fighter jet
Sentinel Staff WriterLockheed Martin Corp.'s F-22 Raptor fighter jet program ran into more turbulence this week as Congress and the Pentagon sparred over funds for the advanced stealth aircraft. Congressional leaders criticized the Pentagon's chief weapons buyer Wednesday...Tags: Barack Obama, State Budgets, Harris Corp., Government, National Government
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