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Martin Marietta Corporation was founded in 1961 through the merger of The Martin Company
Glenn L. Martin Company

The Glenn L. Martin Company was an early United States aircraft company founded by aviation pioneer Glenn Luther Martin. The company went through a number of mergers over time and now exists as Lockheed Martin....
 and American-Marietta Corporation. The combined company became a leader in aggregate
Construction Aggregate

Construction aggregate, or simply "aggregate ", is a broad category of coarse particulate material used in construction, including sand, gravel, crushed stone, slag, recycled concrete and geosynthetic aggregates....
s, cement
Cement

In the most general sense of the word, a cement is a binder, a substance which sets and hardens independently, and can bind other materials together....
, chemicals
Chemical industry

The chemical industry comprises the companies that produce industrial chemicals. It is central to modern world economy, converting raw materials into more than 70,000 different products....
, aerospace
Aerospace

Aerospace comprises the atmosphere of Earth and surrounding outer space. Typically the term is used to refer to the industry that researches, designs, manufactures, operates, and maintains vehicles moving through Aircraft and Space exploration....
, and electronics
Electronics

Electronics refers to the flow of charge through nonmetal electrical conductor , whereas electrical refers to the flow of charge through metal electrical conductor....
.

982 Martin Marietta was subject to a hostile takeover bid by the Bendix Corporation
Bendix Corporation

The Bendix Corporation was an United States manufacturing and engineering company which during various times in its 60 year existence made brake systems, aeronautical hydraulics, avionics, radios, televisions and computers, and which licensed its name for use on home washing machines....
. 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 (known as the Pac-Man defense
Pac-Man defense

The Pac-Man defense is a defensive option to stave off a takeover in which a company that is threatened with a hostile takeover acquires its would-be buyer....
).






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Martin Marietta Corporation was founded in 1961 through the merger of The Martin Company
Glenn L. Martin Company

The Glenn L. Martin Company was an early United States aircraft company founded by aviation pioneer Glenn Luther Martin. The company went through a number of mergers over time and now exists as Lockheed Martin....
 and American-Marietta Corporation. The combined company became a leader in aggregate
Construction Aggregate

Construction aggregate, or simply "aggregate ", is a broad category of coarse particulate material used in construction, including sand, gravel, crushed stone, slag, recycled concrete and geosynthetic aggregates....
s, cement
Cement

In the most general sense of the word, a cement is a binder, a substance which sets and hardens independently, and can bind other materials together....
, chemicals
Chemical industry

The chemical industry comprises the companies that produce industrial chemicals. It is central to modern world economy, converting raw materials into more than 70,000 different products....
, aerospace
Aerospace

Aerospace comprises the atmosphere of Earth and surrounding outer space. Typically the term is used to refer to the industry that researches, designs, manufactures, operates, and maintains vehicles moving through Aircraft and Space exploration....
, and electronics
Electronics

Electronics refers to the flow of charge through nonmetal electrical conductor , whereas electrical refers to the flow of charge through metal electrical conductor....
.

History

In 1982 Martin Marietta was subject to a hostile takeover bid by the Bendix Corporation
Bendix Corporation

The Bendix Corporation was an United States manufacturing and engineering company which during various times in its 60 year existence made brake systems, aeronautical hydraulics, avionics, radios, televisions and computers, and which licensed its name for use on home washing machines....
. 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 (known as the Pac-Man defense
Pac-Man defense

The Pac-Man defense is a defensive option to stave off a takeover in which a company that is threatened with a hostile takeover acquires its would-be buyer....
). The end of this extraordinarily bitter battle saw Martin Marietta survive; Bendix was bought by Allied Corporation.

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 II
    Titan II

    The Titan II was an Intercontinental ballistic missile and space launcher developed by the Glenn L. Martin Company from the earlier Titan I missile....
     ICBMs
    Intercontinental ballistic missile

    An intercontinental ballistic missile, or ICBM, is a long-range ballistic missile typically designed for nuclear weapons delivery, that is, delivering one or more nuclear weapon....
     into space launch vehicles. The Martin Company built the original ICBMs.
  • 1987: Electronics & Missiles Group formed, headquartered in Orlando
    Orlando, Florida

    Orlando is a major city in Central Florida, United States and is the county seat of Orange County, Florida, Florida. It is also the principal city of Orlando-Kissimmee, Florida, Metropolitan Statistical Area....
  • 1991: Electronics & Missiles Group reorganized into the Electronics, Information & Missiles Group
  • 1993: Acquires General Electric Aerospace for USD
    United States dollar

    The United States dollar is the unit of currency of the United States and was defined by the Coinage Act of 1792 to be between 371 and 416 grains of silver ....
    3 billion, allowing combined marketing of complementary systems, e.g. Martin Marietta's Titan missiles launching GE Aerospace's satellites.
  • 1993: Acquires management contract for Sandia National Laboratories
    Sandia National Laboratories

    Sandia National Laboratories, which is managed and operated by the Sandia Corporation , is a major United States Department of Energy research and development United States Department of Energy National Labs with two locations, one in Albuquerque, New Mexico, New Mexico and the other in Livermore, California, California....
    .
  • 1993: Acquires General Dynamics
    General Dynamics

    General Dynamics Corporation is a defense conglomerate formed by mergers and divestitures, and as of 2008 it is the fifth largest defense contractor in the world....
    ' space systems unit.
  • 1994: Martin Marietta completed its initial public offering
    Initial public offering

    Initial public offering , also referred to simply as a "public offering" or "flotation," is when a company issues common stock or Share to the public for the first time....
     of 19 percent of the common stock of Martin Marietta Materials
    Martin Marietta Materials

    Martin Marietta Materials is in the aggregate , chemical industry, and composite material business. It is the second largest producer of crushed stone, sand, and gravel in the United States....
    , which is listed on the New York Stock Exchange
    New York Stock Exchange

    New York Stock Exchange is a stock exchange based in New York City, New York. It is the largest stock exchange in the world by United States dollar market capitalization of its listed companies' Security ....
     as MLM
    MLM

    MLM or mlm can be an abbreviation of:* Electronic mailing list* Maoism* Multipurpose Laboratory Module, planned Russian module of the International Space Station...
    .
  • 1995: Martin Marietta merged with Lockheed Corporation
    Lockheed Corporation

    The Lockheed Corporation was an United States aerospace company founded in 1912 which merged with Martin Marietta in 1995 in aviation to form Lockheed Martin....
     to form Lockheed Martin
    Lockheed Martin

    Lockheed Martin is a large Multinational corporation aerospace manufacturer and advanced technology company formed in 1995 by the Horizontal integration of Lockheed with Martin Marietta....
  • 1996: Lockheed Martin splits off Martin Marietta Materials
    Martin Marietta Materials

    Martin Marietta Materials is in the aggregate , chemical industry, and composite material business. It is the second largest producer of crushed stone, sand, and gravel in the United States....
     as a separate and independent entity.


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