July 12, 2019
Wednesday, December 28, 2016
The world’s largest defense firm scored two government contracts totaling $60.7 million, and much of the work will take place in Orlando.
Lockheed Martin Corp. and Northrop Grumman Corp.’s joint venture Longbow Limited Liability Co. landed a $25 million U.S. Army contract on Dec. 23 to support a fire control radar and unmanned aerial system.
All work for that contract will take place in Orlando, where Longbow’s operations are based. Longbows systems and services helps enhance the Apache helicopter, an attack aircraft.
Meanwhile, Lockheed Martin’s aircraft maker Sikorsky Aircraft Corp. won a $35.7 million contract with the Defense Advanced Research Projects Agency. The contract is to continue work on a prototype project that will help install automated co-piloting features easily in defense and commercial aircraft. Work for that contract will take place in various part of the U.S., including Orlando. The contract has a February 2018 completion date.
Bethesda, Md.-based Lockheed Martin (NYSE: LMT) has more than 7,000 employees in Orlando. Military contracts contribute to the local economy in the form of jobs and subcontractor opportunities.
Central Florida is a major player when it comes to defense contracts. About $4 billion in government contracts flow through the Orlando region each year because the nation’s Army, Air Force, Navy and Marines simulation operations are based in Central Florida Research Park.
That work helps make Orlando the modeling, simulation and training capital of the world, according to the Orlando Economic Development Commission.