World Library  
Flag as Inappropriate
Email this Article
 

Martin Marietta

Martin Marietta Corporation
Industry Manufacturing
Fate Merged with Lockheed Corporation
Predecessor Glenn L. Martin Company
American-Marietta Corporation
Successor Lockheed Martin
Founded 1961
Defunct 1995
Headquarters Bethesda, Maryland

The Martin Marietta Corporation was an American company founded in 1961 through the merger of Glenn L. Martin Company and American-Marietta Corporation. The combined company became a leader in chemicals, aerospace, and electronics. In 1995, it merged with Lockheed Corporation to form Lockheed Martin.

Contents

  • History 1
    • Timeline 1.1
  • Products 2
    • Aircraft 2.1
    • Missiles and Rockets 2.2
    • Spacecraft 2.3
    • Unmanned Aerial Vehicles 2.4
  • References 3

History

Martin Marietta formed in 1961 by the merger of the Glenn L. Martin Company and American-Marietta Corporation.

Martin, based in Baltimore, was primarily an aerospace concern with a recent focus on missiles, namely its Titan program. American-Marietta was headquartered in Chicago and produced paints, dyes, metallurgical products, construction materials, and other goods.[1][2][3][4]

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).[5][6] 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.[6][7][8]

Timeline

Products

Aircraft

Missiles and Rockets

Spacecraft

Unmanned Aerial Vehicles

References

  1. ^ "Advertisement: American-Marietta". Milwaukee Sentinel. September 24, 1957. p. 12-part 1. 
  2. ^ "Marietta, Martin eye consolidation". Milwaukee Sentinel. Associated Press. June 24, 1961. p. 9-part 2. 
  3. ^ "American-Marietta, Martin plan merger". Milwaukee Journal. June 24, 1961. p. 13. 
  4. ^ "Martin, Marietta approve merger". Milwaukee Sentinel. Associated Press. October 10, 1961. p. 8-part 2. 
  5. ^ "Bendix board rejects Martin Marietta offer". Palm Beach Post. Associated Press. September 1, 1982. p. A8. 
  6. ^ a b Oliver, Myrna (July 3, 2005). "Wall Street folk hero dies". Seattle Times. (Los Angeles Times). Retrieved February 12, 2013. 
  7. ^ Burns, Robert (September 23, 1982). "Allied Corp. enters the race to take over Bendix Corp.". Kentucky New Era ( 
  8. ^ Burns, Robert (September 25, 1982). "Allied, Bendix, Marietta clinch deal". Free Lance-Star ( 
  9. ^ "General Dynamics Sells Atlas Rocket Unit". Los Angeles Times. Retrieved 25 September 2014. 
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.