Fairchild Systems

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Fairchild Systems was a United States defense contractor which is now part of BAE Systems Electronics & Integrated Solutions. The San Francisco Chronicle described Fairchild Systems as "one of the legendary names of Silicon Valley" and that in "the late 1960s, [its] Bay Area operations were the training ground for the engineers who went on to found Intel and other top semiconductor companies."[1]

[edit] History

Fairchild Weston Systems was acquired by Loral Corporation in mid-1989. The group was renamed as the Loral Fairchild Systems divisions of Loral Corp.[2]

On 22 April 1996 Lockheed Martin completed the acquisition of Loral Corporation's defense electronics and system integration businesses, which included Fairchild, for $9.1 billion.[3]The company became Lockheed Fairchild Systems.

In 2000 Lockheed Martin grouped Fairchild with Sanders Associates and Lockheed Martin Space Electronics & Communications under the Lockheed Martin Aerospace Electronic Systems division. BAE Systems agreed to acquire the division in July 2000 and completed its acquisition on 27 November.[4][5]

[edit] References

  1. ^ Abate, Tom. "Lockheed Shakes Up Operations; Key exec promoted, firm may trim units", The San Francisco Chronicle, The Chronicle Publishing, 1999-09-28. Retrieved on 2008-05-04. 
  2. ^ "Loral picks three to head renamed Fairchild Weston units", Aerospace Daily, McGraw-Hill, 1989-09-01. Retrieved on 2008-05-04. 
  3. ^ Mintz, John. "Lockheed-Martin Loral Merger May Mean a Loss of Business; McDonnell Douglas Threatens to Cancel Billions in Contracts", The Washington Post, 1996-04-23. Retrieved on 2008-05-03. 
  4. ^ "Contract for BAE", The Times, Times Newspapers, 2000-11-28. Retrieved on 2008-05-03. 
  5. ^ Parreault, Carl. "British aerospace firm buys Sanders", The Union Leader, 2004-07-14. Retrieved on 2008-05-03.