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11 Facts About Lockheed Corporation

1.

Lockheed Corporation was founded in 1926 and later merged with Martin Marietta to form Lockheed Corporation Martin in 1995.

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2.

Lockheed Corporation built and operated aircraft for paying passengers on sightseeing tours in California and had developed a prototype for the civil market, but folded in 1920 due to the flood of surplus aircraft deflating the market after World War I Allan went into the real estate market while Malcolm had meanwhile formed a successful company marketing brake systems for automobiles.

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3.

Lockheed Corporation's brother Courtlandt S Gross was a co-founder and executive, succeeding Robert as chairman following his death in 1961.

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4.

Lockheed Corporation produced a larger transport, the double-decked R6V Constitution, which was intended to make the Constellation obsolete.

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5.

In 1943, Lockheed Corporation began, in secrecy, development of a new jet fighter at its Burbank facility.

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World War I California Poseidon Polaris F-104 Starfighter Frank Church Trident missile C-130 Hercules F-22 Raptor P-3 Orion SR-71 F-117 F-16
6.

In 1956, Lockheed Corporation received a contract for the development of the Polaris Submarine Launched Ballistic Missile ; it would be followed by the Poseidon and Trident nuclear missiles.

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7.

Lockheed Corporation developed the F-104 Starfighter in the late 1950s, the world's first Mach 2 fighter jet.

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8.

In late 1975 and early 1976, a subcommittee of the U S Senate led by Senator Frank Church concluded that members of the Lockheed board had paid members of friendly governments to guarantee contracts for military aircraft.

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9.

Lockheed Corporation was attractive to Simmons because one of its primary investors was the California Public Employees' Retirement System, the pension fund of the state of California.

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10.

Lockheed Corporation products included the Trident missile, P-3 Orion maritime patrol aircraft, U-2 and SR-71 reconnaissance airplanes, F-117 Nighthawk, F-16 Fighting Falcon, F-22 Raptor, C-130 Hercules, A-4AR Fightinghawk and the DSCS-3 satellite.

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11.

Lockheed Corporation's operations were divided between several groups and divisions, many of which continue to operate within Lockheed Corporation.

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