1990s Merger talks between Lockheed Corporation and Martin Marietta began in March 1994, with the companies announcing their $10 billion planned merger on August 30, 1994. The headquarters for the combined companies would be at Martin Marietta headquarters in North Bethesda, Maryland. The deal was finalized on March 15, 1995, when the two companies' shareholders approved the merger. The segments of the two companies not retained by the new company formed the basis for L-3 Communications, a mid-size defense contractor in its own right. Lockheed Martin also later spun off the materials company Martin Marietta Materials.
1990s Merger talks between Lockheed Corporation and Martin Marietta began in March 1994 with the companies announcing their $10 billion planned merger on August 30 1994 The headquarters for the combined companies would be at Martin Marietta headquarters in North Bethesda Maryland The deal was finalized on March 15 1995 when the two companies' shareholders approved the merger The segments of the two companies not retained by the new company formed the basis for L-3 Communications a mid-size defense contractor in its own right Lockheed Martin also later spun off the materials company Martin Marietta Materials