Martin Marietta Corporation was founded in 1961 through the merger of The Martin Company and American-Marietta Corporation. The combined company became a leader in aggregates, cement, chemicals, aerospace, and electronics. 1961 (MCMLXI) was a common year starting on Sunday (the link is to a full 1961 calendar). ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... The Glenn L. Martin Company was an aircraft company founded by aviation pioneer Glenn L. Martin on August 16, 1912. ... Look up Aggregate in Wiktionary, the free dictionary. ... Cement is a material used for bonding other materials together, and as a binder in concrete. ... Chemical tanks in Lillebonne, France Chemical industry includes those industries involved in the production of petrochemicals, agrochemicals, pharmaceuticals, polymers, paints, oleochemicals etc. ... Look up aerospace in Wiktionary, the free dictionary. ... The field of electronics comprises the study and use of systems that operate by controlling the flow of electrons (or other charge carriers) in devices such as thermionic valves and semiconductors. ...
History
In 1982 Martin Marietta was subject to a hostile takeover bid by the Bendix Corporation. Bendix bought the majority of Martin Marietta shares and in effect owned the company. However Martin Marietta's management used the short time separating ownership and control to sell non-core businesses and launch its own hostile takeover of Bendix (the Pac-Man Defense). The end of this extraordinarily bitter battle saw Martin Marietta survive and Bendix was bought by Allied Corporation. 1982 (MCMLXXXII) was a common year starting on Friday of the Gregorian calendar. ... The Bendix Corporation was founded in 1924 by the inventor Vincent Bendix. ... The Pac-Man defense is a defensive option to stave off a hostile takeover. ... Allied Corporation was a major American company with operations in the aerospace, automotive, oil and gas industries. ...
Timeline
1961: Martin Marietta formed by merger of the Glenn L. Martin Company and American-Marietta Corporation
1982: Bendix Corporation's attempted takeover ends in its own sale to Allied Corporation, Martin Marietta survives.
1986: Wins contract to convert Titan IIICBMs into space launch vehicles. The Martin Company built the original ICBMs.
1987: Electronics & Missiles Group formed, headquartered in Orlando
1991: Electronics & Missiles Group reorganized into the Electronics, Information & Missiles Group
1993: Acquires General Electric Aerospace for $3bn, allowing combined marketing of complementary systems, e.g. Martin Marietta's Titan missiles launching GE Aerospace's satellites.
Martin began manufacturing aircraft in the early days of aviation at the beginning of the 20th century and went on to become one of the leading military airplane manufacturers in the United States.
Martin was able to underbid Consolidated on the monoplanes because it did not have to bear the development costs.
Martin accepted the award on behalf of "everyone who worked on the design and who helped rivet it together." But that wasn't good enough for the Air Corps Materiel Division, whose engineers insisted that Martin should have said he "owed it all" to them.
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