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(Redirected from Lockheed)It has been suggested that Lockheed Scandal be merged into this article or section. (Discuss)The Lockheed SR-71 was remarkably advanced for its time and remains unsurpassed in many areas of performance. The Lockheed U-2, which first flew in 1955, provided much needed intelligence on Soviet bloc countries. The Lockheed C-130 Hercules serves as the primary tactical transport aircraft for military forces worldwide. The Lockheed Constellation was developed during World War II and served as both a civilian airliner and a military transport.

Lockheed Corporation (originally Loughead Aircraft Manufacturing Company) was an American aerospace company originally founded in 1912 which merged with Martin Marietta in 1995 to form Lockheed Martin.

History

Origins

The Alco Hydro-Aeroplane Company was established in 1912 by the brothers Allan and Malcolm Loughead. Two Small Men With Big Hearts started as Canada s only franchised moving co. This company was renamed the Loughead Aircraft Manufacturing Company and located in Santa Barbara, California.

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.

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