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Until 2022, [20] [21] Marion was home to Lockheed Martin Sippican, which developed technology for undersea warfare (e.g. drones, [22] torpedoes, [23] antennae [24]). The company was founded in 1940 as Francis Associates, went public as Sippican Ocean Systems, Inc. in 1981, and was acquired by Lockheed Martin in 2004. [25]
Merger talks between Lockheed Corporation and Martin Marietta began in March 1994, with the companies announcing their $10 billion planned merger on August 30, 1994. [17] [18] The headquarters for the combined companies would be at Martin Marietta headquarters in North Bethesda, Maryland. [19]
While the formation of Lockheed Martin in 1995 was a merger of equals, by far the greatest contribution to Lockheed Martin Aeronautics was the product portfolio of Lockheed. This included the C-5 , C-130 , and C-141 transports as well as the F-2 , F-16 (purchased from General Dynamics ), F-117 , F-22 , and F-35 Lightning II .
This was out of total Lockheed Martin profits of $6.6 billion on sales of $59.8 billion. Lockheed Martin projects MFC's 2020 profits will be $1.5 billion on sales of $11.0-11.3 billion. [ 4 ] For context, based on 2019 sales, this would put MFC at No. 314 on the 2019 Fortune 500 were it a stand-alone corporation.
In 1986, Sanders Associates was bought by Lockheed Corporation and became Sanders, A Lockheed Company. Following the Lockheed/Martin Marietta merger in 1995, Sanders was merged into Lockheed Martin Aerospace Electronic Systems. In July 2000, Lockheed announced the sale of this group to BAE Systems for $1.67 billion.
In 1999 the British government awarded Lockheed Martin U.K. a contract controlling British census info. In 2002, a 7-year contract for the Centers for Medicare and Medicaid Services (CMS) Consolidated Information Technology Infrastructure Contract (CITIC) program.
Some of Sperry's former divisions became part of Honeywell, Lockheed Martin, Raytheon Technologies, and Northrop Grumman. The company is best known as the developer of the artificial horizon and a wide variety of other gyroscope-based aviation instruments like autopilots, bombsights, analog ballistics computers and gyro gunsights. In the post ...
Dobbins ARB has its own ZIP code, 30069, and Lockheed Martin also has its own ZIP code, 30063, however, Marietta is the only place name (city) considered acceptable by the United States Postal Service for the latter. Dobbins ARB is also an automated weather station, reporting five minutes before every hour.