April 21, 1996
It was, Norm Augustine will tell you, a matter of luck that led him to the top job at the world's largest defense and aerospace company.Just luck -- random events, followed impulses, being in the right place at the right time, even being in the wrong place at the right time.Had it not been for a chance conversation on a train, he recalls, he might have followed his boyhood dream. "I always wanted to be a forest ranger," he said. "I love the outdoors. It looked like a good life to me."Instead, the "good life" has been a 40-year career that culminated this year when Norman R. Augustine took over as chief executive of Bethesda-based Lockheed Martin Corp.
June 28, 1995
A story in yesterday's Sun misidentified the director of Lockheed Martin Corp.'s Catonsville research laboratory. He is David Goldheim.The Sun regrets the error.
March 12, 1995
Norman R. Augustine pushed himself away from the large mahogany desk, which, as always, was uncluttered except for a pen set, clock and family snapshots. He didn't want to be in the office. It was Saturday, and an uncommonly pleasant one for mid-March - 55 degrees and sunny.But he'd called the emergency meeting, summoning a dozen top lieutenants to his second-floor office in Bethesda. The question: Should Martin Marietta increase its $1.93 billion bid for Grumman Corp.? Two weeks ago, the acquisition had looked assured.
May 2, 1998
A federal judge in Washington has issued a harshly worded order requiring the Justice Department to explain in detail why it wants to keep secret thousands of documents in its antitrust case against Lockheed Martin Corp.U.S. District Judge Emmet G. Sullivan called the department's filing "woefully abysmal" and warned that his demand for a full explanation by 9 a.m. Monday was firm."There will be no extension of time," he said in his ruling, issued late Thursday and made public yesterday. Sullivan noted caustically that the government's explanations "do not comply with precedent of long standing that the government is well aware of."
August 17, 1995
Lockheed Martin Corp., Boeing Co. and three more of the nation's top aerospace companies have agreed to share laboratories and lab workers to cut costs.If successful, the agreement could open up a whole new arena of cooperation among the five companies, Boeing officials said.The companies that signed the agreement are Boeing, McDonnell Douglas Corp., Lockheed Martin Corp.'s Lockheed Aeronautical Systems unit, Rockwell International Corp. and the B-2 and military aircraft divisions of Northrop Grumman Corp.
March 18, 1997
Lockheed Martin Corp., a Bethesda-based aerospace contractor, was the only Maryland company to be ranked in the top 50 best performing companies by Business Week.The magazine, in its March 24 issue, uses companies in the S&P 500 and ranks them by criteria including growth in sales, profits and return to shareholders. One- and three-year total returns were considered, as were one- and three-year average annual sales growth, one- and three-year profit growth, net profit margins and return on equity.