 | |
| Industry | Manufacturing |
|---|---|
| Predecessors | |
| Founded | 1961 |
| Defunct | 1995 |
| Fate | Merged with Lockheed Corporation |
| Successors | |
| Headquarters | , United States |
Key people | Hans Multhopp |
The Martin Marietta Corporation was an American company founded in 1961 through the merger of Glenn L. Martin Company and American-Marietta Corporation. In 1995, it merged with Lockheed Corporation to form Lockheed Martin.
Martin Marietta formed in 1961 by the merger of the Glenn L. Martin Company and American-Marietta Corporation. [1] : 356
Martin, based in Baltimore, was primarily an aerospace concern with a recent focus on missiles, namely its Titan program. This program was established in 1955 when the company secured the U.S. Air Force contract to build the country's second intercontinental ballistic missile (ICBM). [2] American-Marietta was headquartered in Chicago and produced paints, dyes, metallurgical products, construction materials, and other goods. [3] [4] [5] [6]
In 1982, Martin Marietta was subject to a hostile takeover bid by the Bendix Corporation, headed by William Agee. Bendix bought the majority of Martin Marietta shares and in effect owned the company. However, Martin Marietta's management used the short time separating ownership and control to sell non-core businesses and launch its own hostile takeover of Bendix (known as the Pac-Man defense). [7] [8] Thomas G. Pownall, CEO of Martin Marietta, was successful and the end of this extraordinarily bitter battle saw Martin Marietta survive; Bendix was bought by Allied Corporation. [8] [9] [10]
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The Lockheed Corporation was an American aerospace manufacturer. Lockheed was founded in 1926 and merged in 1995 with Martin Marietta to form Lockheed Martin. Its founder, Allan Lockheed, had earlier founded the similarly named but otherwise-unrelated Loughead Aircraft Manufacturing Company, which was operational from 1912 to 1920.
General Dynamics Corporation (GD) is an American publicly traded aerospace and defense corporation headquartered in Reston, Virginia. As of 2020, it was the fifth-largest defense contractor in the world by arms sales, and fifth largest in the United States by total sales. The company is a Fortune 100 company, and was ranked No. 94 in 2022.
The Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology corporation with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland, in the Washington, D.C. area. As of January 2022, Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists.
The Glenn L. Martin Company, also known as The Martin Company from 1917 to 1961, was an American aircraft and aerospace manufacturing company founded by aviation pioneer Glenn L. Martin. The Martin Company produced many important aircraft for the defense of the US and allies, especially during World War II and the Cold War. During the 1950s and '60s, the Martin Company moved from the aircraft industry into the guided missile, space exploration, and space utilization industries.
The Martin Marietta SM-68A/HGM-25A Titan I was the United States' first multistage intercontinental ballistic missile (ICBM), in use from 1959 until 1962. Though the SM-68A was operational for only three years, it spawned numerous follow-on models that were a part of the U.S. arsenal and space launch capability. The Titan I was unique among the Titan models in that it used liquid oxygen and RP-1 as propellants; all subsequent versions used storable propellants instead.
Convair, previously Consolidated Vultee, was an American aircraft-manufacturing company that later expanded into rockets and spacecraft. The company was formed in 1943 by the merger of Consolidated Aircraft and Vultee Aircraft. In 1953, it was purchased by General Dynamics, and operated as their Convair Division for most of its corporate history.
Wright-Martin Aircraft Corporation was a short-lived aircraft manufacturing business venture between the Wright Company and Glenn L. Martin.
Loral Corporation was a defense contractor founded in 1948 in New York by William Lorenz and Leon Alpert as Loral Electronics Corporation. The company's name was taken from the first letters of each founder's surname.
AlliedSignal was an American aerospace, automotive and engineering company, created through the 1985 merger of Allied Corp. and The Signal Companies. It purchased Honeywell for $14.8 billion in 1999, and adopted the Honeywell name and identity.
Ling-Temco-Vought (LTV) was a large American conglomerate which existed from 1961 to 2000. At its peak, it was involved in aerospace, airlines, electronics, steel manufacturing, sporting goods, meat packing, car rentals, and pharmaceuticals, among other businesses.
Simon "Si" Ramo was an American engineer, businessman, and author. He led development of microwave and missile technology and is sometimes known as the father of the intercontinental ballistic missile (ICBM). He also developed General Electric's electron microscope. He played prominent roles in the formation of two Fortune 500 companies, Ramo-Wooldridge and Bunker Ramo Corporation.
Bendix Corporation is an American manufacturing and engineering company which, during various times in its existence, made automotive brake shoes and systems, vacuum tubes, aircraft brakes, aeronautical hydraulics and electric power systems, avionics, aircraft and automobile fuel control systems, radios, televisions and computers.
The Pac-Man defense is a defensive business strategy used to stave off a hostile takeover, in which a company that is threatened with a hostile takeover "turns the tables" by attempting to acquire its would-be buyer. The name refers to Pac-Man, a video game in which the protagonist is at first chased around a maze of dots by 4 ghosts. However, after eating a "Power Pellet" dot, he is able to chase and devour the ghosts. The term was coined by buyout guru Bruce Wasserstein.
Lockheed Martin Space is one of the four major business divisions of Lockheed Martin. It has its headquarters in Littleton, Colorado, with additional sites in Valley Forge, Pennsylvania; Sunnyvale, California; Santa Cruz, California; Huntsville, Alabama; and elsewhere in the United States and United Kingdom. The division currently employs about 20,000 people, and its most notable products are commercial and military satellites, space probes, missile defense systems, NASA's Orion spacecraft, and the Space Shuttle external tank.
Sanders Associates was a defense contractor in Nashua, New Hampshire, United States, from 1951 until it was sold in 1986. It is now part of BAE Systems Electronics & Integrated Solutions, a subsidiary of BAE Systems. It concentrated on developing and manufacturing electronic systems, notably aircraft self-protection systems, and tactical surveillance and intelligence systems. Other business areas included microwave, missile and space electronics; infrared imaging; and automated mission planning systems, with both military and commercial applications.
William McReynolds Agee was an American business executive. In 1976 at age 38, he was appointed president and chief executive officer (CEO) of the Bendix Corporation. From 1988 to 1995, Agee was the chairman, president, and CEO of Morrison-Knudsen.
Space Systems Command (SSC) is the United States Space Force's space development, acquisition, launch, and logistics field command. It is headquartered at Los Angeles Air Force Base, California and manages the United States' space launch ranges.
Peter Bartholomew Teets was the thirteenth Director of the National Reconnaissance Office and the Under Secretary of the Air Force.
GE Aerospace was a business group of General Electric.
Media related to Martin Marietta at Wikimedia Commons
