Wednesday, December 19, 2012

Lockheed Martin marks 100 years

BETHESDA, Md. -- Lockheed Martin is commemorating the 100th anniversary of the founding of the Lockheed Company, incorporated Dec. 19, 1912, in San Francisco, Calif. Brothers Allan and Malcolm Lockheed founded the company out of a garage, where they built their Model G seaplane. Their second plane, the F-1 Flying Boat, earned the company its first military contract. In 1995, Lockheed merged with Martin Marietta, also founded in 1912 as the Glenn L. Martin Co., to form Lockheed Martin. The Martin anniversary was celebrated in August. Lockheed Martin employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. It had net sales in 2011 of $46.5 billion. (Source: Lockheed Martin, 12/19/12) Gulf Coast note: Lockheed Martin has operations in the Gulf Coast region, including the Space and Technology Center at Stennis Space Center, Miss. It's the builder of the F-35, which has a training center at Eglin Air Force Base, Fla.