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The Loughead Aircraft Manufacturing Company (originally founded as the Alco Hydro-Aeroplane Company) was an American company which designed and built aircraft.The founder, Allan Lockheed, went on to form the similarly named but otherwise unrelated Lockheed Aircraft Company in 1926, which would merge with Martin Marietta in 1995 to form today's Lockheed Martin.
Lockheed Martin Training and Logistics Solutions (TLS) (formerly known as Global Training and Logistics (GTS)), which was created from two separate entities combined into one business unit ('Simulation, Training & Support' & ISGS-Readiness and Stability Operations') is a Lockheed Martin line of business headquartered in Orlando, FL.
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In January 2011, Lockheed Martin agreed to pay the U.S. Government $2 million to settle allegations that the company submitted false claims on a U.S. government contract for that amount. The allegations came from a contract with the Naval Oceanographic Office Major Shared Resource Center in Mississippi.
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The Leidos-Lockheed Martin merger is one of the biggest transactions thus far in the consolidation of the defense sector. Leidos contracts extensively with the Department of Defense, the Department of Homeland Security, and the Intelligence Community, as well as other U.S. government agencies and select commercial markets.
Two Lockheed Martin subsidiaries have agreed to pay the federal government $70 million for overcharging the Navy for aircraft parts, the U.S. Department of Justice announced Friday. The federal ...
Lockheed Martin (LMT) closed at $417.78 in the latest trading session, marking a -0.19% move from the prior day.