Lockheed Corporation

Lockheed Corporation
Industry Aerospace
Fate Merged with Martin Marietta
Successor Lockheed Martin
Founded 1912
Defunct 1995
Headquarters Burbank, California
Products Aircraft

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

History

Origins

The Alco Hydro-Aeroplane Company was established in San Francisco in 1912 by the brothers Allan and Malcolm Loughead. In 1916, the company was renamed the Loughead Aircraft Manufacturing Company and relocated to Santa Barbara, California, the same year Santa Barbara native Jack Northrop (aged 20) took his first job in aviation working as a draftsman for Loughead Aircraft. The company proceeded to design and construct the Model F-1 flying boat, which debuted on March 29, 1918, and set the American non-stop record for seaplane flight by flying from Santa Barbara to San Diego.[1]

Following the Model F-1, the company invested heavily in the design and development of a revolutionary monocoque aircraft called the Model S-1. However, the asking price of $2500 could not compete in a market that was saturated with post World War 1 $350 Curtiss JN-4s and De Haviland trainers. The Loughead Aircraft Manufacturing Company closed its doors in 1921.

In 1926, Allan Loughead, Jack Northrop, and Kenneth Jay secured funding to form the Lockheed Aircraft Company in Hollywood (the spelling was changed phonetically to prevent mispronunciation). This new company utilized some of the same technology originally developed for the Model S-1 to design the Vega Model. In March 1928, the company relocated to Burbank, California, and by year's end reported sales exceeding one million dollars. From 1926-28 the company produced over 80 aircraft and employed more than 300 workers who by April 1929 were building five aircraft per week. In July 1929, majority shareholder Fred Keeler sold 87% of the Lockheed Aircraft Company to Detroit Aircraft Corporation. In August 1929, Allan Lockheed resigned.

The Great Depression ruined the aircraft market, and Detroit Aircraft went bankrupt. A group of investors headed by brothers Robert and Courtland Gross, and Walter Varney, bought the company out of receivership in 1932. The syndicate bought the company for a mere $40,000 ($660,000 in 2011). Ironically, Allan Lockheed himself had planned to bid for his own company, but had raised only $50,000 ($824,000), which he felt was too small a sum for a serious bid.[1]

In 1934, Robert E. Gross was named chairman of the new company, the Lockheed Corporation, which was headquartered at the airport in Burbank, California. His brother Courtlandt S. Gross was a co-founder and executive, succeeding Robert as Chairman following his death in 1961.

The first successful construction that was built in any number (141 aircraft) was the Vega first built in 1927, best known for its several first- and record-setting flights by, among others, Amelia Earhart, Wiley Post, and George Hubert Wilkins. In the 1930s, Lockheed spent $139,400 ($2.29 million) to develop the Model 10 Electra, a small twin-engined transport. The company sold 40 in the first year of production. Amelia Earhart and her navigator, Fred Noonan, flew it in their failed attempt to circumnavigate the world in 1937. Subsequent designs, the Lockheed Model 12 Electra Junior and the Lockheed Model 14 Super Electra expanded their market.

Prewar production

The Lockheed Model 14 formed the basis for the Hudson bomber, which was supplied to both the British Royal Air Force and the United States military before and during World War II.[2][3] Its primary role was submarine hunting. The Model 14 Super Electra were sold abroad, and more than 100 were license-built in Japan for use by the Imperial Japanese Army.[4]

Production during World War II

P-38J Lightning Yippee

At the beginning of World War II, Lockheed – under the guidance of Clarence (Kelly) Johnson, who is considered one of the best-known American aircraft designers – answered a specification for an interceptor by submitting the P-38 Lightning fighter aircraft, a twin-engined, twin-boom design. The P-38 was the only American fighter aircraft in production throughout American involvement in the war, from Pearl Harbor to Victory over Japan Day. It filled ground-attack, air-to-air, and even strategic bombing roles in all theaters of the war in which the United States operated. The P-38 was responsible for shooting down more Japanese aircraft than any other U.S. Army Air Force type during the war; it is particularly famous for being the aircraft type that shot down Japanese Admiral Isoroku Yamamoto's airplane.[5][6]

P-38 Lightning assembly line at the Lockheed plant, Burbank, California in World War II. In June 1943, this assembly line was reconfigured into a mechanized line, which more than doubled the rate of production. The transition to the new system was accomplished in only eight days. During this time production never stopped. It was continued outdoors.[7]

The Lockheed Vega factory was located next to Burbank's Union Airport which it had purchased in 1940. During the war, the entire area was camouflaged to fool enemy aerial reconnaissance. The factory was hidden beneath a huge burlap tarpaulin painted to depict a peaceful semi-rural neighborhood, replete with rubber automobiles.[8][9] Hundreds of fake trees, shrubs, buildings, and even fire hydrants were positioned to give a three-dimensional appearance. The trees and shrubs were created from chicken wire treated with an adhesive and covered with feathers to provide a leafy texture.[5][10]

Lockheed ranked tenth among United States corporations in the value of wartime production contracts.[11] All told, Lockheed and its subsidiary Vega produced 19,278 aircraft during World War II, representing six percent of war production, including 2,600 Venturas, 2,750 Boeing B-17 Flying Fortress bombers (built under license from Boeing), 2,900 Hudson bombers, and 9,000 Lightnings.[12]

Postwar production

A Lockheed L-049 Constellation sporting the livery of Trans World Airlines at the Pima Air & Space Museum.

During World War II, Lockheed, in cooperation with Trans-World Airlines (TWA), had developed the L-049 Constellation, a radical new airliner capable of flying 43 passengers between New York and London at a speed of 300 mph (480 km/h) in 13 hours.

Once the Constellation (nicknamed Connie) went into production, the military received the first production models; after the war, the airlines received their original orders, giving Lockheed more than a year's head-start over other aircraft manufacturers in what was easily foreseen as the post-war modernization of civilian air travel. The Constellations' performance set new standards which transformed the civilian transportation market. Its signature tri-tail was the result of many initial customers not having hangars tall enough for a conventional tail. Lockheed produced a larger transport, the double-decked R6V Constitution, which was intended to make the Constellation obsolete. However, the design proved underpowered.

Skunk Works

Main article: Skunk Works
The Lockheed U-2, which first flew in 1955, provided intelligence on Soviet bloc countries.
The Lockheed SR-71 Blackbird
The Lockheed C-130 Hercules serves as the primary tactical transport for many military forces worldwide.

In 1943, Lockheed began, in secrecy, development of a new jet fighter at its Burbank facility. This fighter, the Lockheed P-80 Shooting Star, became the first American jet fighter to score a kill. It also recorded the first jet-to-jet aerial kill, downing a Mikoyan-Gurevich MiG-15 in Korea, although by this time the F-80 (as it was redesignated in June 1948) was already considered obsolescent.[13]

Starting with the P-80, Lockheed's secret development work was conducted by its Advanced Development Division, more commonly known as the Skunk Works. The name was taken from Al Capp's comic strip Li'l Abner. This organization has become famous and spawned many successful Lockheed designs, including the U-2 (late 1950s), SR-71 Blackbird (1962) and F-117 Nighthawk stealth fighter (1978s). The Skunk Works often created high-quality designs in a short time and sometimes with limited resources.

Projects during the Cold War

In 1954, the Lockheed C-130 Hercules, a durable four-engined transport, flew for the first time. This type remains in production today. In 1956, Lockheed received a contract for the development of the Polaris Submarine Launched Ballistic Missile (SLBM); it would be followed by the Poseidon and Trident nuclear missiles. Lockheed developed the F-104 Starfighter in late 1950s, the world's first Mach 2 fighter jet. In the early 1960s, the company introduced the C-141 Starlifter four-engine jet transport.

During the 1960s, Lockheed began development for two large aircraft: the C-5 Galaxy military transport and the L-1011 TriStar wide-body civil airliner. Both projects encountered delays and cost overruns. The C-5 was built to vague initial requirements and suffered from structural weaknesses, which Lockheed was forced to correct at its own expense. The TriStar competed for the same market as the McDonnell Douglas DC-10; delays in Rolls-Royce engine development caused the TriStar to fall behind the DC-10. The C-5 and L-1011 projects, the cancelled U.S. Army AH-56 Cheyenne helicopter program, and embroiled shipbuilding contracts caused Lockheed to lose large sums of money during the 1970s.

Drowning in debt, in 1971 Lockheed (then the largest US defense contractor) asked the US government for a loan guarantee, to avoid insolvency. The measure was hotly debated in the US Senate. The chief antagonist was Senator William Proxmire (D-Wis), the nemesis of Lockheed and its chairman, Daniel J. Haughton. Following a fierce debate, Vice President Spiro T. Agnew cast a tie-breaking vote in favor of the measure. Lockheed finished paying off the $1.4 billion loan in 1977, along with about $112.22 million in loan guarantee fees.[14]

Bribery scandals

The Lockheed bribery scandals were a series of illegal bribes and contributions made by Lockheed officials from the late 1950s to the 1970s. In late 1975 and early 1976, a subcommittee of the U.S. Senate led by Senator Frank Church concluded that members of the Lockheed board had paid members of friendly governments to guarantee contracts for military aircraft.[15] In 1976, it was publicly revealed that Lockheed had paid $22 million in bribes to foreign officials[16] in the process of negotiating the sale of aircraft including the F-104 Starfighter, the so-called Deal of the Century.[17][18]

The scandal caused considerable political controversy in West Germany, the Netherlands, Italy, and Japan. In the US, the scandal led to passage of the Foreign Corrupt Practices Act, and nearly led to the ailing corporation's downfall (it was already struggling due to the poor sales of the L-1011 airliner). Haughton resigned his post as chairman.

Attempted leveraged buyout

In the late 1980s, leveraged buyout specialist Harold Simmons conducted a widely publicized but unsuccessful takeover attempt on the Lockheed Corporation, having gradually acquired almost 20 percent of its stock. Lockheed was attractive to Simmons because one of its primary investors was the California Public Employees' Retirement System (CalPERS), the pension fund of the state of California. At the time, the New York Times said, "Much of Mr. Simmons's interest in Lockheed is believed to stem from its pension plan, which is over financed by more than $1.4 billion. Analysts said he might want to liquidate the plan and pay out the excess funds to shareholders, including himself." Citing the mismanagement by its chairman, Daniel M. Tellep, Simmons stated a wish to replace its board with a slate of his own choosing, since he was the largest investor. His board nominations included former Texas Senator John Tower, the onetime chairman of the Armed Services Committee, and Admiral Elmo Zumwalt Jr., a former Chief of Naval Operations.[19][20] Simmons had first begun accumulating Lockheed stock in early 1989 when deep Pentagon cuts to the defense budget had driven down prices of military contractor stocks, and analysts had not believed he would attempt the takeover since he was also at the time pursuing control of Georgia Gulf.[21]

Timeline

Divisions

Lockheed's operations were divided between several groups and divisions, many of which continue to operate within Lockheed Martin.[23]

Aeronautical Systems group

Missiles, Space, and Electronics Systems Group

Marine Systems group

Information Systems group

Product list

Lockheed's most advanced airliner, the L-1011 Tristar
Odakyu Type 500 monorail], 1990. (1966-2001)
Preserved Himeji Monorail coach 202, November 2009. (1966-1974)
Lockheed Trident II missile, introduced in 1990.
Lockheed's advanced upper rocket stage, the Agena.

A partial listing of aircraft and other vehicles produced by Lockheed.

Airliners and civil transports

Military transports

Fighters

Patrol and reconnaissance

Helicopters

Missiles

Space technology

Sea vessels

See also

References

Notes

  1. 1 2 Parker 2013, p. 59.
  2. ↑ Herman 2012, pp. 85–86.
  3. ↑ Parker 2013, pp. 59, 71.
  4. ↑ Lockheed was delivering airplanes to Japan until May 1939.
  5. 1 2 Parker 2013, pp. 59-76.
  6. ↑ Herman 2012, p. 287.
  7. ↑ Parker 2013, pp. 59, 75–76.
  8. ↑ "World War II-Lockheed Burbank Aircraft Plant Camouflage." Amazing Posts, August 16, 2008.
  9. ↑ "How to Hide an Airplane Factory." Thinkorthwim.com, August 19, 2007; retrieved September 30, 2011.
  10. ↑ "California Becomes a Giant Movie Set." Flat Rock, July 16, 2009.
  11. ↑ Peck and Scherer 1962, p. 619.
  12. ↑ Time Magazine, January 14, 1946.
  13. ↑ Baugher, Joe. "Lockheed P-80/F-80 Shooting Star." USAF Fighter, July 16, 1999. Retrieved: June 11, 2011.
  14. ↑ Stanton, T.P. "An Assessment of Lockheed Aircraft Corporation and the Emergency Loan Guarantee Act." U.S. Naval Postgraduate School, 1977.
  15. ↑ "Fragen zur politischen Biographie". Franz Josef Strauß (in German). Archived from the original on 2010-01-21.
  16. ↑ "Monday, August 18, 1975." Time magazine, August 18, 1975. Retrieved: September 30, 2011.
  17. ↑ Lockheed F-104 Starfighter at militaryfactory.com, Retrieved August 29, 2009
  18. ↑ "In 1962 Lockheed Corporation made the deal of the century by selling West Germany three hundred and fifty F-104 Starfighters..." Paul Emil Erdman, The last days of America: G.K. Hall, 1982 ISBN 0-8161-3349-2, p 24
  19. ↑ Hayes, Thomas. "Lockheed Fends Off Simmons", The New York Times, March 19, 1991.
  20. ↑ Richard W. Stevenson, "Simmons Is Considering Possible Lockheed Bid", The New York Times, February 1990.
  21. ↑ "Simmons to Lift Lockheed Stake." The New York Times, November 22, 1989.
  22. ↑ History of Burbank, The Changing Face of the City, City of Burbank Website,
  23. ↑ Francillon 1987, pp. 47–49.

Bibliography

  • Allen, Richard Sanders. Revolution In The Sky. Brattleboro, Vermont: The Stephen Greene Press, 1964. LOC 63-20452.
  • Baker, Nicholson. Human Smoke: The Beginnings of World War II, the End of Civilization. New York: Simon & Schuster, 2008. ISBN 978-1-41657-246-6.
  • Boyne, Walter J. Beyond the Horizons: The Lockheed Story. New York: St. Martin's Press, 1998. ISBN 0-312-19237-1.
  • Francillon, René J. Lockheed Aircraft since 1913. Annapolis, Maryland: Naval Institute Press, 1987. ISBN 978-0-87021-897-2.
  • Herman, Arthur. Freedom's Forge: How American Business Produced Victory in World War II. New York: Random House, 2012. ISBN 978-1-4000-6964-4.
  • Miller, Jay. Lockheed Martin's Skunk Works: The Official History, Updated Edition. Arlington, Texas: Aerofax, 1995. ISBN 1-85780-037-0.
  • Parker, Dana T. Building Victory: Aircraft Manufacturing in the Los Angeles Area in World War II. Cypress, California: Dana T. Parker Books, 2013. ISBN 978-0-9897906-0-4.
  • Peck, Merton J. and Frederic M. Scherer. The Weapons Acquisition Process: An Economic Analysis. Boston: Harvard Business School, 1962.

External links

Wikimedia Commons has media related to Lockheed.
This article is issued from Wikipedia - version of the Saturday, April 30, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.