Summary
This 8-K filing from Lockheed Martin Corporation (LMT), dated January 12, 1996, announces a significant event: the effective date of the merger agreement between Lockheed Corporation and Martin Marietta Corporation. This strategic combination, finalized on March 15, 1995, led to the formation of a new entity, Lockheed Martin Tactical Defense Systems, Inc., which will be a wholly-owned subsidiary of the combined company. The filing indicates that the merger was completed, and the new subsidiary is now in operation. For investors, this filing marks the official culmination of a major industry consolidation. The creation of Lockheed Martin Corp. through this merger was a pivotal moment, aiming to create a stronger, more diversified defense contractor positioned to navigate the evolving defense landscape of the mid-1990s. Investors should recognize this as a foundational event for the modern Lockheed Martin entity, preceding its subsequent growth and market position.
Key Highlights
- 1Effective date of the merger agreement between Lockheed Corporation and Martin Marietta Corporation is January 6, 1996.
- 2Formation of Lockheed Martin Tactical Defense Systems, Inc., a wholly-owned subsidiary of the combined company.
- 3The merger agreement, originally announced March 15, 1995, has now been completed.
- 4This filing signifies the official operationalization of the newly formed Lockheed Martin entity.
- 5The creation of a new, combined defense contracting powerhouse.