Lockheed Corporation (originally Loughead) was an American aerospace company originally founded in 1912 which merged with Martin Marietta in 1995 to form Lockheed Martin.
In 1926, following the failure of Loughead, Allan Loughead formed the Lockheed Aircraft Company (The spelling was changed to match its phonetic pronunciation) in Hollywood, California. In 1929 Lockheed sold out to Detroit Aircraft.
The Great Depression ruined the aircraft market, and Detroit Aircraft went bankrupt. A group of investors headed by brothers Robert and Courtland Gross bought the company out of receivership in 1932. The syndicate bought the company for a mere $40,000. Ironically, Allan Loughead himself had planned to bid for his own company, but had raised "only" $50,000, which he felt was too small a sum for a serious bid.
In 1934, Robert E. Gross was named chairman of the new company, the Lockheed Corporation, which was headquartered at the airport in Burbank, California. The company remained there for many years before moving to Calabasas, California.
The first successful construction that was built in any number (141 aircraft) was the «Vega» been known for its use to several first- and record setting flights by, amongst others Amelia Earhart, Wiley Post and Hubert Wilkins
In the 1930s, Lockheed spent $139,400 to develop the L-10 Electra, a small twin-engine transport. The company sold 40 in the first year of production. Amelia Earheart and her navigator, Fred Noonan, flew this plane on their failed attempt to circumnavigate the world in 1937. The Electra also formed the basis for the Hudson bomber, which was supplied to both the British Royal Air Force and the United States military before and during World War II. Its primary role was submarine hunting.
All told, Lockheed and its subsidiary Vega produced 19,278 aircraft during World War II, representing 6% of those produced in the war. This included 2,600 Venturas, 2,750 B-17 Flying Fortresses (built under license for Boeing), 2,900 Hudsons, and 9,000 Lightnings.TIME, January 14, 1946.
Lockheed produced a larger transport, the double-decked R6V Constitution, which was intended to make the Constellation obsolete. However, the design proved underpowered, and only two prototypes were ever built.
In 1943, Lockheed began, in secrecy, development of a new jet fighter at its Burbank facility. This fighter, the P-80 Shooting Star, became the first American jet fighter to score a kill. It also recorded the first jet-to-jet aerial kill, downing a MiG-15 in Korea, although by this time the F-80 (as it came to be known in June 1948) was already considered obsolete.
Starting with the P-80, Lockheed's secret development work was conducted by its Advanced Development Division, more commonly known as the Skunk Works. This organization has become famous and has spawned many successful Lockheed designs, including the U-2 (late 1950s), SR-71 Blackbird (1962) and F-117 Nighthawk (1970s). The Skunk Works often created high quality designs in a short time and sometimes with limited resources. Today the generic term "skunk works" implies a place for the development of secret projects.
In 1956, Lockheed received a contract for the development of the Polaris Submarine Launched Ballistic Missile (SLBM), this would be followed by the Poseidon and Trident nuclear missiles.
In 1976, the Skunk Works began secret development of the F-117 Stealth Fighter.
Other Lockheed designs included the F-104 Starfighter (late 1950's), the world's first Mach 2 fighter plane; L-1011 TriStar wide-body jet transport; and the C-141 Starlifter and C-5 Galaxy four-engined jet transports.
It was revealed that Lockheed had paid approximately $1.8 million in bribes to the office of Japanese Prime Minister Kakuei Tanaka for aid in the matter. The resulting judicial process carried on for a decade, and led to the arrest of Tanaka (after his resignation due to another scandal), among others. In the United States, Lockheed chairman of the board Daniel Haughton resigned from his position.
A partial listing of aircraft and other vehicles produced by Lockheed.
Defunct aircraft manufacturers of the United States | Lockheed Corporation | Lockheed Martin
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