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Lockheed Martin Lockheed Martin Corporation was formed in March 1995 with the merger of two of the worlds 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 Loughhead (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. Lockheed Martin is a customer focused, global enterprise principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products, and services for government and commercial customers. Lockheed Martin operates in the same context as its customers and is deeply involved in solving the problems and meeting the demands and expectations of its customers. Moreover, it leads the way in showing customers new systems-based possibilities and opportunities. The Corporations core business areas are systems integration, aeronautics, space, technology services and global telecommunications. Lockheed Martins vision is to be the worlds best systems integrator in aerospace, defense and technology services; to be the company our nation and its allies trust most to integrate their largest, most complex, most important advanced technology systems.
Our goal is to provide the best value to our customers, growth opportunities to our employees, and superior returns to our stockholders. Lockheed Martin had 1999 sales surpassing $ 25 billion and employs approximately 130, 000 people.
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Research essay sample on Lockheed Martin Corporation Glenn L Martin Customers
