Wednesday, December 19, 2012
BETHESDA, Md. -- Lockheed Martin is marking 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, won 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) The Lockheed Martin Space and Technology Center is located at Stennis Space Center, Miss.