Fairchild Systems
| Type | Subsidiary |
|---|---|
| Industry | Defense contracting |
| Predecessor | Fairchild Camera and Instrument |
| Defunct | November 27, 2000 |
| Fate | Acquired by BAE Systems |
| Successor | BAE Systems Electronics, Intelligence & Support |
| Headquarters | United States |
| Products | Defense electronics |
| Parent | Fairchild Camera and Instrument (originally) Loral Corporation (1989–1996) Lockheed Martin (1996–2000) BAE Systems (2000–) |
Fairchild Systems was a United States defense contractor which is now part of BAE Systems Electronics, Intelligence & Support. A descendant of Fairchild Camera and Instrument, 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]
History
[edit]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]
References
[edit]- ↑ Abate, Tom (1999-09-28). "Lockheed Shakes Up Operations; Key exec promoted, firm may trim units". The San Francisco Chronicle. The Chronicle Publishing.
- ↑ "Loral picks three to head renamed Fairchild Weston units". Aerospace Daily. McGraw-Hill. 1989-09-01.
- ↑ Mintz, John (1996-04-23). "Lockheed-Martin Loral Merger May Mean a Loss of Business; McDonnell Douglas Threatens to Cancel Billions in Contracts". The Washington Post.
- ↑ "Contract for BAE". The Times. Times Newspapers. 2000-11-28.
- ↑ Parreault, Carl (2004-07-14). "British aerospace firm buys Sanders". The Union Leader.
- Defunct electronics companies of the United States
- Former defense companies of the United States
- Technology companies based in the San Francisco Bay Area
- Technology companies established in 1982
- Technology companies disestablished in 2000
- 1982 establishments in California
- 2000 disestablishments in California
- BAE Systems subsidiaries and divisions
- Defunct companies based in the San Francisco Bay Area