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The Lockheed Corporation (originally the Loughead Aircraft Manufacturing Company) was an American aerospace company. Lockheed was founded in 1912 and later merged with Martin Marietta to form Lockheed Martin in 1995.
The Alco Hydro-Aeroplane Company was established in San Francisco in 1912 by the brothers Allan and Malcolm Loughead. In 1916, the company was renamed the Loughead Aircraft Manufacturing Company and relocated to Santa Barbara, California, the same year Santa Barbara native Jack Northrop (aged 20) took his first job in aviation working as a draftsman for Loughead Aircraft. The company proceeded to design and construct the Model F-1 flying boat, which debuted on March 29, 1918, and set the American non-stop record for seaplane flight by flying from Santa Barbara to San Diego.
Following the Model F-1, the company invested heavily in the design and development of a revolutionary monocoque aircraft called the Model S-1. However, the asking price of $2500 could not compete in a market that was saturated with post World War 1 $350 Curtiss JN-4s and De Haviland trainers. The Loughead Aircraft Manufacturing Company closed its doors in 1921.
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