Martin Marietta Corp. - 1970's dated Aviation Stock Certificate - Merger of Glenn L. Martin Company and American-Marietta Corporation

Aviation Stock. Vignette of woman w/ globe, lathe work block at left. Aviation stocks are very popular. Available in Orange, Green or Blue. Please specify color.

The Martin Marietta Corporation was an American company established in 1961 through the merger of the Glenn L. Martin Company and the American-Marietta Corporation. This newly formed organization rapidly emerged as a significant entity in the sectors of chemicals, aerospace, and electronics. In 1995, Martin Marietta merged with Lockheed Corporation, leading to the creation of Lockheed Martin. The Glenn L. Martin Company, situated in Baltimore, focused primarily on aerospace projects, particularly the Titan missile program. In contrast, American-Marietta, headquartered in Chicago, specialized in the manufacturing of paints, dyes, metallurgical products, construction materials, and a variety of other goods. In 1982, Martin Marietta faced a hostile takeover attempt by the Bendix Corporation, led by William Agee. Bendix successfully acquired a controlling interest in Martin Marietta.

However, the management of Martin Marietta, under the direction of CEO Thomas G. Pownall, took advantage of the period between the acquisition and actual control to divest non-core businesses and launch a counter-offensive against Bendix, utilizing a strategy known as the "Pac-Man defense." This tactic proved successful, enabling Martin Marietta to survive, while Bendix was eventually acquired by Allied Corporation.