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The Lockheed Martin Corporation
Lockheed Martin Corporation was formed in March 1995 with the merger of two of the world's premier technology companies, Lockheed Corporation and Martin Marietta Corporation. In 1996, Lockheed Martin completed its strategic combination with the defense electronics and systems integration businesses of Loral.
Lockheed Martin traces its roots back to the early days of flight. In 1909 aviation pioneer Glenn L. Martin organized a company around a modest airplane construction business and built it into a major airframe supplier to U.S. military and commercial customers. Martin Marietta was established in 1961 when the Glenn L. Martin Company merged with American-Marietta Corp., a leading supplier of building and road construction materials. In 1913, Allan and Malcolm Loughead (name later changed to Lockheed) flew the first Lockheed plane over San Francisco Bay. The modern Lockheed Corporation was formed in 1932 after the fledgling airplane company was reorganized.
The former Loral Corporation was founded in 1948 in New York City by William Lorenz and Leon Alpert as a small defense electronics firm that over the years grew into a multi-billion dollar firm. In sum, the new Lockheed Martin Corporation comprises all or portions of 17 heritage companies.
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