Allan Loughead formed the Alco Hydro-Aeroplane Company along with his brother, Malcolm Loughead, that became Lockheed Corporation.
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Allan Loughead formed the Alco Hydro-Aeroplane Company along with his brother, Malcolm Loughead, that became Lockheed Corporation.
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Allan Loughead went on to form two other aircraft manufacturing companies in the 1930s.
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Allan Loughead was born in Niles, California, in 1889, the youngest son of Flora and John Loughead.
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Allan Loughead had a half-brother Victor, a sister Hope, and a brother Malcolm Loughead.
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The Allan Loughead brothers attended elementary school only, but were mechanically inclined from an early age.
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In Chicago, Victor Allan Loughead convinced Plew to acquire rights to one of the Montgomery's gliders and to buy a Curtiss pusher biplane.
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Plew hired Allan Loughead to convert the Montgomery glider to a powered aircraft.
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Allan Loughead returned to San Francisco in 1912 and went to work as an auto mechanic.
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Allan Loughead told the Lougheads if they wanted it back, they would have to repay his $4,000.
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Consequently, in the hopes of striking it rich, the Allan Loughead brothers spent two unsuccessful years prospecting in California's gold country.
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In early 1916, the Allan Loughead brothers moved the operation to Santa Barbara, where they were swamped by people wanting to make their first flight.
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Allan Loughead hoped to interest the Army in it as a long-range bomber or transport plane.
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In 1919, Allan Loughead Aircraft entered the small aircraft market with the single-seat S-1 Sport Biplane.
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Allan Loughead realized that the government's sale of war surplus aircraft for as little as $300 had killed the market for new aircraft.
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Malcolm Allan Loughead formed the Lockheed Hydraulic Brake Company in 1919 to promote a revolutionary four-wheel hydraulic brake system that he had invented.
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From 1920 to 1922, Allan Loughead was the Los Angeles sales manager for Lockheed brakes.
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In 1922, Allan Loughead became a real estate salesman in the Hollywood area.
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Allan Loughead believed the public wouldn't want to fly in a plane without visible wing supports.
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Allan Loughead was so impressed that he went to the Oakland airport to learn more about it.
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Allan Loughead named the Lockheed Mountains after the builder of his plane.
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Unhappy with this situation, Allan Loughead resigned as president and general manager on June 3,1929, and later sold his Detroit Aircraft stock for $23 a share.
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Allan Loughead Lockheed returned as a consultant but had no formal management role with his namesake company.
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In 1930, Allan Loughead formed the Lockheed Brothers Aircraft Corporation in Glendale, California, and developed the experimental Olympia Duo-four, a five-place high-wing monoplane with two engines mounted side by side in the wood monocoque fuselage nose.
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Allan Loughead made numerous flights in this plane demonstrating its extremely safe single-engine performance.
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Allan Loughead continued as a consultant for the Lockheed Aircraft Corporation.
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Allan Loughead Lockheed died of liver cancer in Tucson on May 28,1969, at the age of 80.
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