Martin Marietta

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 .

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.

, the Martin Company built the Titan I .

1991 : Electronics & Missiles Group reorganized into the Electronics, Information & Missiles Group

for $3bn, allowing combined marketing of complementary systems, e.g. Martin Marietta's Titan missiles launching GE Aerospace's satellites.

1993: Acquires General Dynamics' space systems unit

of 19 percent of common stock and is listed on the New York Stock Exchange as MLM .

to form Lockheed Martin

as a separate and independent entity.

Information About

Martin Marietta