Lockheed Martin Marks 100th Anniversary Of Lockheed Company Founding

Wed Dec 19, 2012 10:00am EST

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BETHESDA, Md.,  Dec. 19, 2012  /PRNewswire/ -- Lockheed Martin (NYSE: LMT) is
commemorating the 100th anniversary of the founding of the Lockheed Company,
which was originally incorporated on  Dec. 19, 1912, in  San Francisco, Calif.

To mark the occasion, Lockheed Martin is making donations in honor of Lockheed's
founders to the Burbank Historical Society's Gordon R. Howard Museum and the
Huntington Library, Art Collections and Botanical Gardens. Both organizations
work to preserve the history of the early aerospace industry in Calif.  

Today's milestone is part of a year-long campaign, during which the company is
highlighting 100 stories from its history at  www.lockheedmartin.com/100years 
and conducting 100 community service projects, from packing 2,400  Thanksgiving 
dinners for needy families to stuffing 20,000 care packages for troops overseas.

One hundred years ago, brothers  Allan and Malcolm Lockheed  founded their
company out of a garage, where they worked nights and weekends building their 
Model G seaplane, the largest in the world at the time. Allan, a naturally
gifted pilot, and Malcolm, a savvy engineer and mechanic, overcame several early
setbacks and turned the Model G into a success.  

"It took the Lockheed brothers two years of hard work to get their first plane
airborne, and they faced innumerable technical and operational challenges along
the way," said  Bob Stevens, Lockheed Martin Chairman and CEO. "But they pressed
on, because they knew that pushing the boundaries of innovation is neither
simple nor easy. A century later, that same dedication still propels us to take
on our customers' toughest challenges."

The Model G's breakthrough sparked a string of innovations that helped usher in
the golden age of aviation. The brothers' second plane, the F-1 Flying Boat,
earned the fledgling company its first military contract.  

"Our founders - the Lockheed brothers and  Glenn L. Martin  - were visionary and
relentless innovators," said  Marillyn Hewson, Lockheed Martin President and
COO. "It's no coincidence that both Lockheed and Martin chose a bold, dynamic
star as their company logo. To them, the star represented performance,
leadership and integrity - the same principles it represents for us today."

In 1995, Lockheed Corporation merged with  Martin Marietta, also founded in 1912
as the Glenn L. Martin Company, to form today's Lockheed Martin. The corporation
also celebrated the  Martin anniversary  on  Aug. 16.

Headquartered in  Bethesda, Md., Lockheed Martin is a global security and
aerospace company that employs about 120,000 people worldwide and is principally
engaged in the research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services. The
corporation's net sales for 2011 were  $46.5 billion.

For additional information, visit our website:  http://www.lockheedmartin.com

SOURCE  Lockheed Martin


Kelli Raulerson, +1-301-897-6195, kelli.raulerson@lmco.com
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