The L-1011 airliner project loses Lockheed $2.5 billion. The company also gets caught up in really nasty bribery scandals around the world. And basically Lockheed comes out looking at least to the American public like kind of a corrupt arms dealer. All of this conspires that especially post Vietnam period, the American public starts to view Lockheed as this corrupt octopus military industrial complex squid sucking on America.
Today we bring you two absolutely incredible stories. The first is Lockheed’s legendary Skunk Works division — the elite team of aviation geniuses who produced some of the greatest airplanes in history: the U-2, the Stealth Fighter, and the incomparable SR-71 Blackbird. The second story is arguably even more important, but not widely known! It's the secret and true origins of Silicon Valley — and Lockheed’s primary role in it. We take you from WWII to the Cold War, all the way to today to unpack and analyze the industry dynamics of defense contractors in the modern era. Tune in and prepare to be blown away by what you’ll learn about the history of our industry!
Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.
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