NEWS
By Mary Gail Hare | April 21, 2009
Lockheed Martin, one of Baltimore County's larger employers, officially opened its sixth facility Monday in Woodlawn and announced plans to add 160 information technology jobs to a work force that exceeds 1,500. The company's Information Systems & Global Services division has refurbished and rewired a nearly 42,000-square-foot brick building on Woodlawn Drive near the Social Security Administration complex. In the past year, the company has hired about 200 employees in its efforts to provide a wide variety of services to SSA, which is continuing modernization efforts.
NEWS
April 8, 2009
The radical reshuffling of America's military priorities proposed by Defense Secretary Robert M. Gates this week makes an important turn away from the wasteful spending on the kinds of wars we used to fight to better prepare for the nontraditional conflicts we are likely to face. Maryland would gain because billions in Pentagon spending would be shifted toward intelligence, surveillance and research programs headquartered here, most importantly, at the National Security Agency at Fort Meade, which intercepts and decrypts secret communications around the world.
NEWS
By David Wood | April 7, 2009
WASHINGTON - Streamlining and restructuring military spending for conflicts like Afghanistan, Defense Secretary Robert M. Gates proposed on Monday adding special force troops, cyber-war capabilities, theater missile defense systems to protect troops and unmanned aerial vehicles while slashing some big-war, big-ticket programs such as the supersonic stealth F-22 fighter made by Lockheed Martin of Bethesda. The proposed cancellation of the F-22 production line, which had long been expected, potentially threatens about 625 jobs in Maryland at Lockheed Martin and some subcontractors, according to Lockheed.
NEWS
May 23, 2008
River Hill's Garcia wins scholarship Leo Carelle Garcia, a senior at River Hill High School, is one of 20 students around the country to receive a Citigroup Academy of Finance Scholarship of $20,000, or $5,000 a year for four years, to be used for tuition, room, board and other educational expenses. In addition to receiving the award, Garcia will be paired with a Citigroup mentor and given a summer internship at one of Citigroup's subsidiary companies in the United States or abroad. As a student in the Academy of Finance, part of a national program of specialty classes, he has served as state president of DECA, a student organization focused on business and marketing.
NEWS
By Jamie Smith Hopkins | April 24, 2008
Federal spending in Maryland - a key engine for this government-town state - rose faster in the 2006 fiscal year than it did nationwide, according to a new tally released yesterday. Total spending, which ranges from salaries to Social Security checks to spy drones, jumped nearly 10 percent to $75 billion after accounting for inflation, according to the U.S. Census Bureau. Spending in the United States as a whole rose a more modest 4 percent. Despite that trend, the Census Bureau said the amount funneled to contractors doing work in Maryland, an important part of the state's economy, fell for the first time since just before the 9/11 attacks.
NEWS
By Bloomberg News | March 12, 2008
WASHINGTON -- Lockheed Martin Corp.'s Joint Strike Fighter, already the most expensive weapons program ever, is projected to increase in price by as much as $38 billion, congressional auditors said yesterday. That would bring the cost to develop and build 2,458 U.S. aircraft to $337 billion, 45 percent above the estimate when the program started in October 2001. "Midway through development, the program is over cost and behind schedule," Michael J. Sullivan, who tracks the program for the Government Accountability Office, told two panels of the House Armed Services Committee that oversee military spending.
NEWS
By Bloomberg News | July 11, 2007
WASHINGTON -- The U.S. military's top weapons buyer has approved signing a three-year contract with Lockheed Martin Corp. and United Technologies Corp.'s Pratt & Whitney engine unit for 60 F-22A Raptor warplanes, engines and spare parts, a package worth as much as $10 billion. Approval of the three-year contract locks the military into purchases and minimizes chances that quantities would be cut in annual congressional budget deliberations. $65.2 billion program The Pentagon in 2005 capped the program at 183 aircraft.
NEWS
By Laura Smitherman | July 8, 2007
Lockheed Martin Corp.'s CEO Robert J. Stevens has had a lucrative career at the nation's largest defense contractor, and his pay has been outlined to shareholders for years. But investors didn't know how lucrative his retirement could be. The Bethesda-based company has disclosed for the first time that in addition to $5.2 million in salary and bonus, plus stock awards and perks last year, Stevens also accrued more than $2 million in three pension plans, two 401(k) plans and a tax-advantaged plan mostly used by the corporate elite.
NEWS
By Allison Connolly | May 1, 2007
The "C" Building on Lockheed Martin Corp.'s Middle River campus churned out Mace and Matador guided missiles during the 1940s and 1950s, Pershing Missile Launchers during the 1960s and Patriot Missile Launchers during the 1970s. Yesterday, Lockheed officials unveiled its latest reincarnation: Non-Line Of Sight missile launchers for the Army and Navy. It's new business for the campus and allowed Bethesda-based Lockheed to expand its work force there by 20 percent to 650 - a far cry from the more than 53,000 who built 120 military planes a month at its peak in 1943 during World War II. Today, Lockheed leases a portion of the nearly 70-year-old "C" Building to a warehousing company.
NEWS
April 23, 2007
Daniel Berliant, a former human resources executive for U.S. Foodservice Inc. in Columbia and consultant to the Teamsters Union Local 355, died of acute leukemia April 14 at Johns Hopkins Hospital. He was 59. Born in the Bronx, N.Y., Mr. Berliant later moved with his family to Allentown, Pa., where he graduated from local schools. He attended Pennsylvania State University in State College, graduating in 1968 from the Smeal College of Business with a bachelor's degree in business administration.