Lockheed Martin opened a $50 million, 255,000-square-foot Research & Development II facility in Orlando that will support engineering, program management and business operations for the company’s Missiles and Fire Control division. The company has created more than 1,000 local jobs since 2017 to support this facility and its others in Central Florida, with hundreds more expected over the next three to five years.
“The Research & Development II facility expands our robust Florida presence and fosters significant opportunities for collaboration and innovation among our employees,” Lockheed Martin Missiles and Fire Control Executive Vice President Frank St. John said. “We will continue our strong partnerships with local and state governments, community partners and area universities to grow our business, our workforce and the critical capabilities we provide to customers worldwide.”
Lockheed Martin officially broke ground for the six-story building on Feb. 14, 2018, with an aggressive goal of completing it in a year. The company’s operations support an estimated 40,000 direct, indirect and induced jobs in Florida, with work spanning 1,300 businesses and suppliers.