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===Timeline=== *1912: The [[Alco Hydro-Aeroplane Company]] established. *1916: Company renamed Loughead Aircraft Manufacturing Company. *1926: Lockheed Aircraft Company formed. *1929: Lockheed becomes a division of Detroit Aircraft. *1932: [[Robert E. Gross (businessman)|Robert and Courtland Gross]] take control of the company after the bankruptcy of Detroit Aircraft. The company is renamed Lockheed Aircraft Corporation, reflecting the company's reorganization under a board of directors. *1941: Lockheed P-38 Lightning is introduced, one of the most successful fighters of [[World War II]], and the namesake to the [[Lockheed Martin F-35 Lightning II]] *1943: Lockheed's Skunk Works founded in Burbank, California. *1954: First flight of the Lockheed C-130 Hercules. *1954: Maiden flight of the Lockheed U-2. *1961: Grand Central Rocket Company acquired as [[Lockheed Propulsion Company]]. *1962: First flight of the [[Lockheed A-12|A-12 Blackbird]]. *1964: First flight of the Lockheed SR-71 Blackbird. *1970 First flight of the [[L-1011|L-1011 TriStar]]. *1972 [[ProQuest_Dialog|DIALOG Information Retrieval Service]] announced as commercial online service (spun out as wholly owned subsidiary in 1982.) *1976: The [[Lockheed bribery scandals]]. *1977: Company renamed Lockheed Corporation, to reflect non-aviation activities of the company. *1978: The company's [[Hollywood-Burbank Airport]] is sold to its nearby cities and becomes [[Burbank-Glendale-Pasadena Airport]] (later renamed [[Bob Hope Airport]] in 2003).<ref>[http://www.burbankca.gov/index.aspx?page=43 History of Burbank, The Changing Face of the City] {{webarchive|url=https://web.archive.org/web/20111227031352/http://www.burbankca.gov/index.aspx?page=43 |date=December 27, 2011 }}, City of Burbank Website, {{retrieved|date=April,2012}}</ref> *1981: First flight of the [[F-117|F-117 Nighthawk]]. *1985: Acquires Metier Management Systems. *1986: Acquires [[Sanders Associates]] electronics of [[Nashua, New Hampshire|Nashua]], New Hampshire. *1991: Lockheed, [[General Dynamics]] and [[Boeing]] begin development of the [[F-22 Raptor]]. *1992: All aerospace-related activities end at the Burbank facility. *1993: Acquires [[General Dynamics]]' [[Convair|Fort Worth aircraft division]], builder of the [[General Dynamics F-16 Fighting Falcon|F-16 Fighting Falcon]]. *1995: Lockheed Corporation merges with [[Martin Marietta]] to form [[Lockheed Martin]].
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