Lockheed Martin
Acquired
Value in Underestimation
The insight highlights how Lockheed's founder considered bidding only $50,000 to buy back his company, priced at $40,000, as he deemed it too low and possibly insulting. This decision led to losing the bid as the winning offer was even lower at $10,000, showcasing the significant undervaluation of the company. Despite its humble acquisition cost, Lockheed was transformed into a successful company under Robert Gross and Courtland, particularly gaining recognition for producing the iconic Electra airplane.
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