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Lockheed Martin Corp said on Tuesday it would cut its pension liabilities by about $4.9 billion and revised down its forecast for the full-year due to actuarial losses it expects to incur. The U.S ...
The following year, several of those former Loral units were spun off by Lockheed Martin to become the core of L-3 Communications. Loral was accused of transferring technology to China in 1996. The incident arose as a result of an investigation into the launch failure of Intelsat 708 , a Space Systems/Loral -built satellite.
Sanders Associates. Sanders Associates was a defense contractor in Nashua, New Hampshire, United States, from 1951 until it was sold in 1986. It is now part of BAE Systems Electronics & Integrated Solutions, a subsidiary of BAE Systems. It concentrated on developing and manufacturing electronic systems, notably aircraft self-protection systems ...
The Lockheed Martin Corporation is an American aerospace and defense manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland. As of January 2022, Lockheed Martin employs approximately 115,000 employees worldwide, including ...
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 funded by more than $1.4 ...
GenCorp withdrew its over-funded pension during the real estate boom years of 2006 and 2007. The real estate bust caused an underfunding of the pension plan of over $300 million. This caused a freeze of its pension plan on February 1, 2009, and an end to 401(k) match on January 15, 2009. The move was expected to save the company 29 million a year.
United Space Alliance (USA) was a spaceflight operations company. USA was established in August 1995 as joint venture of Rockwell International and Lockheed Martin, primarily to support operations of the Space Shuttle. The sale of Rockwell's aerospace and defense assets to Boeing in December 1996 made Boeing the co-owner along with Lockheed for ...
Lockheed Martin Space Systems is now headquartered in Denver, but still does considerable operations from Sunnyvale. Also located near Sunnyvale is the main office of Lockheed Martin's space research and development group, the Advanced Technology Center (ATC), formerly the Lockheed Palo Alto Research Laboratory (LPARL).