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Lockheed Martin Celebrates Heritage: Lockheed Martin on Aug. 16 commemorated the 100th anniversary of the founding of the Glenn L. Martin Company. Martin, a barnstorming aviator and entrepreneur, was just 26 years old when he established the company on Aug. 16, 1912, in Los Angeles, states a Lockheed Martin release. "Glenn L. Martin's story is one of achievement, purpose and integrity," said Bob Stevens, Lockheed Martin chairman and CEO. "He was a true visionary who lived to advance technology in the name of progress. The guiding principles he instilled in his company from day one—imagination, innovation and integrity—are the same principles that guide the 120,000 men and women of Lockheed Martin today." Martin would lead the company that bore his name for four decades until retiring in 1953. In 1961, the Martin Company became Martin Marietta. Thirty-four years later, it merged with Lockheed Corporation to form today's Lockheed Martin.