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Lockheed Martin
Acquired
Lockheed and Skunk Works Lose a Contract
In 1970, the Pentagon cancels further orders and they order skunk works to destroy all of the titanium tooling for it so that no more can ever be built. Two years later, Lockheed and skunk works lose the bidding for the F-16 fighter. Ironically, the later Lockheed right before the merger with Lockheed Martin would acquire General Dynamics fighter plane business. So it does come back into Lockheed. And it is still they call out in their earnings like today. They're still selling F-16s today.
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