Lockheed Martin Expanding in Florida, 500 New Jobs Coming to Orlando
Published: Feb 16, 2018 By Ashley Townsend
Photo courtesy of Lockheed Martin
Global security and aerospace company, Lockheed Martin has broken ground on a $50 million expansion that will result in a new Research and Development II building. With this will come 500 new jobs here in Orlando with an average wage of $87,064.
With headquarters in Bethesda, Maryland, Lockheed Martin is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services employing near 100,000 worldwide.
Lockheed currently employs over 14,000 people in its 73 locations throughout Florida.
“With this expansion, Lockheed Martin is further solidifying its already robust presence in Florida and supporting our business growth. The Research & Development II building underscores our customer commitments to provide the most modern facilities for our talented workforce to produce critical capabilities for the U.S. and allies for years to come,” said Frank St. John, Lockheed Martin Missiles and Fire Control executive vice president.
The company had 2017 sales of $51 billion up approximately 7.5% from its sales of $47.2 billion in 2016.
Already we’re a global leader in the modeling, simulation and training industries, and as the world’s number one defense contractor, Lockheed Martin is a huge part of that success,” said Orange County Mayor Teresa Jacobs. “Today’s announcement tells the world that we have a skilled workforce and an economic climate in which high-tech manufacturing and development can succeed. And it tells our local community that we’re building an economy with depth, diversification, and opportunity.”
The new facility is expected to be completed by 2019.