Martin Marietta

Today, Martin Marietta is a topic that generates great interest and debate in society. It is a theme that has been present throughout history and that continues to evolve over time. From different perspectives and approaches, Martin Marietta has captured the attention of experts, researchers, politicians and citizens. With the advancement of technology and communications, Martin Marietta has become an issue of global relevance, affecting people of all ages and conditions. In this article we will explore the different facets and debates that revolve around Martin Marietta, with the aim of understanding its impact on today's society.

This article is about the now-defunct aviation company. For the current company of the same name, see Martin Marietta Inc.
Martin Marietta Corporation
IndustryManufacturing
Predecessors
Founded1961 (1961)
Defunct1995 (1995)
FateMerged with Lockheed Corporation
Successors
Headquarters
Bethesda, Maryland
,
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.

History

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]

Timeline

Products

Aircraft

Missiles and rockets

Spacecraft

Unmanned aerial vehicles

Significant components of vehicles

See also

References

Media related to Martin Marietta at Wikimedia Commons

  1. ^ Harwood, William B (1993). Raise Heaven and Earth. New York, New York: Simon & Schuster. ISBN 0-671-74998-6. Retrieved 2022-04-24.
  2. ^ Blevins, Tim (2011). Enterprise & Innovation in the Pikes Peak Region. Colorado Springs, CO: Pikes Peak Library District. p. 189. ISBN 978-1-56735-302-0.
  3. ^ "Advertisement: American-Marietta". Milwaukee Sentinel. September 24, 1957. p. 12-part 1. Archived from the original on April 11, 2013.
  4. ^ "Marietta, Martin eye consolidation". Milwaukee Sentinel. Associated Press. June 24, 1961. p. 9-part 2.
  5. ^ "American-Marietta, Martin plan merger". Milwaukee Journal. June 24, 1961. p. 13. Archived from the original on April 11, 2013.
  6. ^ "Martin, Marietta approve merger". Milwaukee Sentinel. Associated Press. October 10, 1961. p. 8-part 2. Archived from the original on April 11, 2013.
  7. ^ "Bendix board rejects Martin Marietta offer". Palm Beach Post. Associated Press. September 1, 1982. p. A8. Archived from the original on April 11, 2013.
  8. ^ a b Oliver, Myrna (July 3, 2005). "Wall Street folk hero dies". Seattle Times. (Los Angeles Times). Retrieved February 12, 2013.
  9. ^ Burns, Robert (September 23, 1982). "Allied Corp. enters the race to take over Bendix Corp". Kentucky New Era. Hopkinsville, KY. Associated Press. p. 19.
  10. ^ Burns, Robert (September 25, 1982). "Allied, Bendix, Marietta clinch deal". Free Lance-Star. Fredericksburg, VA. Associated Press. p. 9.
  11. ^ Danilov, Victor J. (2013). Famous Americans: A Directory of Museums, Historic Sites, and Memorials. Lanham, MD: Scarecrow Press. p. 75. ISBN 978-0-8108-9186-9.
  12. ^ "Discrimination Against Working Mothers Must End". news.bloomberglaw.com. Retrieved 2023-12-08.
  13. ^ Augustine, Norman R. (1997-05-01). "Reshaping an Industry: Lockheed Martin's Survival Story". Harvard Business Review. ISSN 0017-8012. Retrieved 2023-12-08.
  14. ^ Lane (2022). Representing Corporate Officers and Directors and LLC Managers , 3rd Edition (3rd ed.). New York: Wolters Kluwer. pp. 9–43. ISBN 978-1-5438-0529-1.
  15. ^ "General Dynamics Sells Atlas Rocket Unit". Los Angeles Times. 23 December 1993. Retrieved 25 September 2014.
  16. ^ The Founding of Lockheed Martin", official website of Lockheed Martin Corp., retrieved December 4, 2017