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Air Force Plant 4 is a government-owned, contractor-operated aerospace facility in Fort Worth, Texas, currently owned by the U.S. Air Force and operated by Lockheed Martin Aeronautics. [1] It is home to the F-16 and F-35 fighter aircraft. [2] Military aircraft have been manufactured at the plant since 1942.
In May 2001, Lockheed Martin sold Lockheed Martin Control Systems to BAE Systems. [29] On November 27, 2000, Lockheed completed the sale of its Aerospace Electronic Systems business to BAE Systems for $1.67 billion, a deal announced in July 2000.
The Lockheed Martin Engineering Management Program within the College of Engineering and Applied Science at the University of Colorado Boulder was initiated in 1987 with an endowment from Lockheed Martin to meet the needs of the high-tech industry in Colorado.
This was out of total Lockheed Martin profits of $6.6 billion on sales of $59.8 billion. Lockheed Martin projects MFC's 2020 profits will be $1.5 billion on sales of $11.0-11.3 billion. [ 4 ] For context, based on 2019 sales, this would put MFC at No. 314 on the 2019 Fortune 500 were it a stand-alone corporation.
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Raytheon, often in conjunction with Boeing, Lockheed Martin or Northrop Grumman, is also heavily involved in the satellite sensor business. Much of its Space and Airborne Systems division in El Segundo , CA is devoted to this, a business it inherited from Hughes .
While the formation of Lockheed Martin in 1995 was a merger of equals, by far the greatest contribution to Lockheed Martin Aeronautics was the product portfolio of Lockheed. This included the C-5 , C-130 , and C-141 transports as well as the F-2 , F-16 (purchased from General Dynamics ), F-117 , F-22 , and F-35 Lightning II .
Currently, the most well-known contractors at Plant 42 are Boeing, Lockheed Martin, and Northrop Grumman. [3] Previously, the facilities were operated by IT&T; McDonnell-Douglas Aircraft; Lockheed California; Norair, a division of Northrop; and Lockheed Air Terminal. [4] Plant 42 is a GOCO, contractually operated for the Air Force since 1954.
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