Lockheed

Definition

Lockheed is an American aerospace and defense company founded in 1912, known for its pivotal role in military and civilian aircraft manufacturing. It has significantly contributed to California's economy and technological advancements, particularly during World War II and the Cold War, establishing itself as a key player in both military and industrial contributions in the state.

5 Must Know Facts For Your Next Test

1. Lockheed produced several iconic aircraft during World War II, including the P-38 Lightning, which was instrumental in numerous combat missions.
2. The company's merger with Martin Marietta in 1995 created Lockheed Martin, one of the largest defense contractors in the world.
3. Lockheed played a crucial role in developing advanced military technologies, such as stealth technology used in aircraft like the F-117 Nighthawk.
4. California has housed many of Lockheed's manufacturing plants and research facilities, driving innovation and job creation in the region.
5. The company has been involved in various space programs, including contributions to NASA missions and satellite technology.

Review Questions

• How did Lockheed influence California's economy during and after World War II?
  • Lockheed significantly impacted California's economy by establishing numerous manufacturing facilities that created thousands of jobs during World War II. The production of military aircraft not only boosted local economies but also positioned California as a leader in the aerospace industry. After the war, Lockheed continued to innovate and expand its operations, contributing to technological advancements and sustaining economic growth in the state.
• What are some key military technologies developed by Lockheed that have shaped modern defense systems?
  • Lockheed has developed several groundbreaking military technologies that have had a lasting impact on defense systems. Notably, the F-117 Nighthawk was the first operational aircraft designed around stealth technology, which revolutionized aerial combat. Additionally, Lockheed's work on missile systems and advanced avionics has enhanced the effectiveness and safety of military operations, making it a central figure in modern defense strategies.
• Evaluate the implications of Lockheed's merger with Martin Marietta on the aerospace and defense industry as a whole.
  • The merger between Lockheed and Martin Marietta in 1995 had significant implications for the aerospace and defense industry by creating Lockheed Martin, one of the largest companies in this sector globally. This consolidation allowed for enhanced research capabilities, economies of scale, and increased competitiveness in a rapidly evolving market. It also raised concerns about monopolistic practices and reduced competition among smaller firms, ultimately shaping the landscape of defense contracting and aerospace innovation for years to come.

Related terms

Aerospace Industry: The sector focused on the development and production of aircraft, spacecraft, and related systems and equipment.

Defense Contracting: The practice of providing goods and services to military organizations through contracts, often involving large sums of government funding.

Burbank: A city in California that became a hub for Lockheed's operations, especially in aircraft manufacturing during the mid-20th century.