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Lockheed

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Lockheed

US aircraft executives. The two brothers became automobile mechanics in San Francisco, California. Together they built their first aircraft (named Model G) and made their first flight in 1913. They flew exhibition flights at the Panama-Pacific International Exposition in 1915. They founded the Loughead Aircraft Manufacturing Company in 1916. Malcolm left the company in 1919 and disappeared from public life. Allan cofounded the Lockheed Aircraft Company in 1926 and built the Vega aircraft. He left the company just before the stock market crash of 1929. He subsequently worked as a consultant, an aircraft company vice-president, and in real estate. The brothers were born Malcolm and Allan Haines Loughead in Niles, California, although Alan legally changed his name to Lockheed in 1934.
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Lockheed Martin Space Systems Company, a division of US global security firm Lockheed Martin Corporation, said Monday it would cut about 800 jobs by year-end to improve its competitiveness.
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Lockheed Martin aerospace division to cut 800 jobs by AFP / AFP Global Edition
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