Living Videotext was a software development company founded by Dave Winer in 1983. Its slogan was "We Make Shitty Software... With Bugs!," although the slogan was never publicly run in an ad.
99-510: Located in Palo Alto, California , the company was founded to sell an outliner called ThinkTank for the Apple II . This product was based on ideas that Winer had been developing for a few years since University. Winer ported the application to run on IBM PC compatible computers and after seeing a demo of Apple Inc. 's near-release Macintosh , Winer hired his brother Peter Winer to develop
198-522: A False Claims Act lawsuit paying $ 27.5 million to finalize allegations that it had knowingly overbilled taxpayers for work performed by company staff who did not hold the relevant essential qualifications for the contract. The board of directors consists of 14 members. As of February 2016, members include: As of December 2023, Lockheed Martin shares are mainly held by institutional investors ( State Street Corporation , Vanguard group , BlackRock , Capital Group Companies , and others). Lockheed Martin
297-562: A hypersonic weapon prototype. A hypersonic missile can travel at one mile a second. This is the second contract for hypersonic weapons that Martin has secured; The first was from the Air Force as well and for $ 928 million which was announced in April 2018. On November 29, 2018, Lockheed Martin was awarded a Commercial Lunar Payload Services contract by NASA , which makes it eligible to bid on delivering science and technology payloads to
396-604: A $ 14-million deal. Powerpoint went on to achieve widespread popularity as part of the Microsoft Office suite. After receiving a number of other offers, Living Videotext merged with Symantec in September 1987. Many of its most popular products were, with Symantec's support, later released for free as "antique versions". Palo Alto, California Palo Alto ( / ˌ p æ l oʊ ˈ æ l t oʊ / PAL -oh AL -toh ; Spanish for ' tall stick ' )
495-562: A $ 2.2 billion contract with the United States Air Force for two advanced military communications satellites. Lockheed Martin has already begun to help the military transition to renewable energy sources with solar photovoltaic powered microgrids and as the military aims to reach 25% renewable energy by 2025 in order to improve national security . On March 3, 2012, the U.S. Department of Justice (DOJ) said that Lockheed Martin had agreed to settle allegations that
594-436: A 2007 estimate, the median income for a household in the city was $ 119,046, and the median income for a family was $ 153,197. Males had a median income of $ 91,051 versus $ 60,202 for females. The per capita income for the city was $ 56,257. About 3.2% of families and 4.8% of the population were below the poverty line , including 4.0% of those under age 18 and 5.0% of those age 65 or over. Palo Alto, north of Oregon Expressway ,
693-463: A bankruptcy court received no bids by the February 21 deadline. On March 16, 2020, Lockheed Martin announced that James D. Taiclet would replace Marillyn Hewson as CEO, effective June 15. In January of 2021, Taiclet became chairman of the company as well. On December 20, 2020, it was announced that Lockheed Martin would acquire Aerojet Rocketdyne Holdings for $ 4.4 billion. The acquisition
792-401: A close. In May 2017, during a visit to Saudi Arabia by President Donald Trump, Saudi Arabia signed business deals worth tens of billions of dollars with U.S. companies, including Lockheed Martin. (See: 2017 United States–Saudi Arabia arms deal ) On August 13, 2018, Lockheed Martin announced that the company had secured a $ 480 million contract from the United States Air Force to develop
891-536: A collegiate summer baseball club that has been in the Bay Area since 1950, eight years longer than the San Francisco Giants. The Oaks were originally managed by Tony Makjavich for 49 years. The Oaks were going to fold before the summer 2016 season but were taken on by Daniel Palladino and Whaylan Price, Bay Area baseball coaches who did not want to see the team die. The Oaks have a rich history within
990-477: A cost of $ 7.1 billion. The Pentagon has criticized the acquisition as causing a reduction in competition. In November 2015, the acquisition received final approval from the Chinese government, with a total cost of $ 9 billion. Dan Schulz was named the president of Lockheed Martin's Sikorsky company. Lockheed Martin has shown sketches for a twin-engine, blended wing body strategic airlifter similar in size to
1089-763: A fine of $ 20 million following his guilty plea. On February 20, 2013, Lockheed Martin Corp complied with the United States District Court for the Southern District of New York , agreeing to pay a $ 19.5 million lawsuit to conclude a securities fraud class-action legal battle that had accused the company of deceiving shareholders in regards to expectations for the company's information technology division. On December 20, 2014, Lockheed Martin Integrated Systems agreed to settle
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#17327932509271188-516: A low of 39.0 °F (3.9 °C) to a high of 57.8 °F (14.3 °C). In July, average temperatures range from 55.7 to 79.4 °F (13.2 to 26.3 °C). The record high temperature was 108 °F (42 °C) on September 6, 2022, and the record low temperature was 20 °F (−7 °C) on January 11, 1949, and December 24, 1990. Temperatures reach 90 °F (32 °C) or higher on an average of 12.0 days. Temperatures drop to 32 °F (0 °C) or lower on an average of 14.0 days. Due to
1287-399: A market cap of around $ 139.7 billion. Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry. It was the world's largest defense contractor by revenue for fiscal year 2014. In 2013, 78% of Lockheed Martin's revenues came from military sales; it topped the list of US federal government contractors and received nearly 10% of
1386-599: A nine–year investigation conducted by NASA's Office of Inspector General with the assistance of the Defense Contract Audit Agency. The company paid the United States government $ 7.1 million based on allegations that its predecessor, Lockheed Engineering Science Corporation, submitted false lease costs claims to NASA. On May 12, 2006, The Washington Post reported that when Robert Stevens took control of Lockheed Martin in 2004, he faced
1485-474: A political party. Note: the US Census treats Hispanic/Latino as an ethnic category. This table excludes Latinos from the racial categories and assigns them to a separate category. Hispanics/Latinos can be of any race . The 2010 United States Census reported that Palo Alto had a population of 64,403. The population density was 2,497.5 inhabitants per square mile (964.3/km ). The racial makeup of Palo Alto
1584-599: A provider of integrated planning and demand forecasting tools for airport, planning to expand their business in commercial airport information technology solutions. Also, in March 2014, Lockheed Martin announced its acquisition of Industrial Defender Inc. On June 2, 2014, Lockheed Martin received a Pentagon contract to build a space fence that would track debris, keeping it from damaging satellites and spacecraft. On July 20, 2015, Lockheed Martin announced plans to purchase Sikorsky Aircraft from United Technologies Corporation at
1683-496: A registered national historic district, is bounded by Kingsley, Lincoln, and Addison Avenues and the cross streets of Ramona, Bryant, and Waverley. The district includes a large number of well-preserved residences dating from the 1890s, including 833 Kingsley, 345 Lincoln, and 450 Kingsley. 1044 Bryant was the home of Russell Varian , co-inventor of the Klystron tube . The Federal Telegraph laboratory site, situated at 218 Channing,
1782-430: A result, Palo Alto has two downtown areas: one along University Avenue and one along California Avenue (renamed after the annexation since Palo Alto already had a Lincoln Avenue). The Mayfield News wrote its own obituary four days later: It is with a feeling of deep regret that we see on our streets today those who would sell, or give, our beautiful little city to an outside community. We have watched Mayfield grow from
1881-605: A small hamlet, when Palo Alto was nothing more than a hayfield, to her present size ... and it is with a feeling of sorrow that we contemplate the fact that there are those who would sell or give the city away. Palo Alto continued to annex more land, including the Stanford Shopping Center area in 1953. Stanford Research Park , Embarcadero Road northeast of Bayshore, and the West Bayshore/San Antonio Road area were also annexed during
1980-666: A thousand acres (4.0 km ) extending from today's Page Mill Road to Serra Street and from El Camino Real to the foothills. Coutts named his property Ayrshire Farm. His fanciful 50-foot-tall (15 m) brick tower near Matadero Creek likely marked the south corner of his property. Leland Stanford started buying land in the area in 1876 for a horse farm, called the Palo Alto Stock Farm . Stanford bought Ayrshire Farm in 1882. In 1884, Leland Stanford and his wife, Jane lost their only child Leland Stanford Jr. when he died of typhoid fever at age 15 and decided to create
2079-521: A university in his memory. In 1886, they proposed having the university's gateway be Mayfield. However, they had one condition: alcohol had to be banned from the town. Known for its 13 rowdy saloons, Mayfield rejected his request. This led them to drive the formation of a new temperance town with the help of their friend Timothy Hopkins of the Southern Pacific Railroad , who in 1887 bought 740 acres (3.0 km ) of private land for
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#17327932509272178-524: A version of ThinkTank for the Macintosh, which by April 1985 had sold 30,000 copies, or to about 10% of all Mac owners. Doug Baron was also hired to work on the Macintosh version of ThinkTank. Work began on another outliner application at the end of 1984 called MORE , which expanded on the graphical concepts that they had started to add to ThinkTank, for example letting users easily convert outlines into bullet charts to be used in presentations. By 1986,
2277-583: A visiting boat captain, John Greer. Greer owned a home on the site that is now Town & Country Village on Embarcadero and El Camino Real . Greer Avenue and Court are named for him. To the south of the Sotos, the brothers Secundino and Teodoro Robles in 1849 bought Rancho Rincon de San Francisquito from José Peña, the 1841 grantee. The grant covered the area south of Rancho Rinconada del Arroyo de San Francisquito to more or less present-day Mountain View. The grant
2376-557: A warm-summer Mediterranean climate (Csb). Palo Alto was incorporated in 1894. In 1909 a municipal charter created a local government consisting of a fifteen-member city council, with responsibilities for various governmental functions delegated to appointed committees. In 1950, the city adopted a Council–manager government . Several appointed committees continue to advise the city council on specialized issues, such as land-use planning, utilities, and libraries, but these committees no longer have direct authority over City staff. Currently,
2475-463: Is a California Historical Landmark recognizing Lee de Forest 's 1911 invention of the vacuum tube and electronic oscillator at that location. While not open to the public, the garage that housed the launch of Hewlett Packard is located at 367 Addison Avenue. Hewlett Packard recently restored the house and garage. A second historic district on Ramona Street can be found downtown between University and Hamilton Avenues. The Palo Alto Chinese School
2574-668: Is a charter city in the northwestern corner of Santa Clara County, California , United States, in the San Francisco Bay Area , named after a coastal redwood tree known as El Palo Alto . The city of Palo Alto was established in 1894 by the American industrialist Leland Stanford when he founded Stanford University in memory of his son, Leland Stanford Jr. Palo Alto later expanded and now borders East Palo Alto , Mountain View , Los Altos , Los Altos Hills , Stanford , Portola Valley , and Menlo Park . As of
2673-483: Is a tributary to San Francisquito Creek below Interstate 280. Palo Alto has a number of significant natural habitats, including estuarine , riparian , and oak forest. Many of these habitats are visible in Foothills Park , which is owned by the city. The Charleston Slough contains a rich marsh and littoral zone, providing feeding areas for a variety of shorebirds and other estuarine wildlife. Typical of
2772-832: Is by some measures the most expensive college town in the United States. Lockheed Martin The Lockheed Martin Corporation is an American defense and aerospace manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland . As of January 2022, Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists. Reports from 2024 estimate that Lockheed Martin Corporation (LMT) holds
2871-597: Is expected to be completed by December 2020. In January 2020, the Pentagon found at least 800 software defects in Lockheed Martin's F-35 fighter jets owned by the US Armed Forces during an annual review. The 2018 and 2019 reviews revealed a large number of defects as well. In February 2020, Lockheed Martin acquired Vector Launch Inc 's satellite software technology GalacticSky for $ 4.25 million after
2970-485: Is filled with older homes, including Craftsman and California Colonials, some of which date back to the 1890s but most of which were built in the first four decades of the 20th century. South of Oregon Expressway, the homes, including many Joseph Eichler -designed or Eichler-style houses, were primarily built in the first 20 years after World War II. While the city contains homes that now cost anywhere from $ 800,000 to well over $ 40 million, much of Palo Alto's housing stock
3069-778: Is in the 13th Senate District , represented by Democrat Josh Becker , and in the 23rd Assembly District , represented by Democrat Marc Berman . In the United States House of Representatives , Palo Alto is in California's 16th congressional district , represented by Democrat Anna Eshoo . According to the California Secretary of State , as of February 10, 2019, Palo Alto has 40,040 registered voters. Of those, 20,857 (52.1%) are registered Democrats , 4,689 (11.7%) are registered Republicans , and 13,520 (33.8%) have declined to state
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3168-523: Is in the style of California mid-century middle-class suburbia. The median home sale price for all of Palo Alto was $ 1.2 million in 2007 and $ 1.4 million in July 2009. Palo Alto ranked in as the 5th most expensive city in the United States as of 2007 , with an average home sales price of $ 1,677,000. In 2010, Palo Alto ranked as the 2nd most expensive city in the United States, with a four-bedroom, two-bathroom home listing for $ 1.48 million on average. Palo Alto
3267-475: Is listed as the largest U.S. government contractor and ranks first for the number of incidents, and fifth for the size of settlements on the 'contractor misconduct' database maintained by the Project on Government Oversight , a Washington, D.C.–based watchdog group. Since 1995, the company has agreed to pay $ 676.8 million to settle 88 instances of misconduct. In 2013, Lt. Gen. Christopher Bogdan criticized
3366-473: Is parallel and crosses the narrow corridor of land that connects the two parcels that makeup Palo Alto. Somewhat perpendicular to these roads are Sand Hill Road from El Camino until it crosses San Francisquito Creek into Menlo Park, Embarcadero Road, Oregon Expressway/Page Mill Road , Arastradero Road/East Charleston Road, and San Antonio Road (the last forms part of the boundary with Mountain View). According to
3465-654: Is the oldest in the entire Bay Area. It is also home to the second oldest opera company in California, the West Bay Opera . One early major business was when Thomas Foon Chew , owner of the Bayside Canning Company in Alviso founded by his father, expanded his business by starting a cannery in 1918 in what was then Mayfield that initially employed 350 workers but later expanded. In the 1920s
3564-549: The Phoenix and InSight Mars landers. On April 11, 2019, at 6:35 pm EDT, an Arabsat-6A satellite was successfully launched from (LC-39A) . This satellite is one of two, the other being SaudiGeoSat-1/HellasSat-4 and they are the "most advanced commercial communications satellites ever built by" Lockheed Martin. On September 23, 2019, Lockheed Martin and NASA signed a $ 4.6-billion contract to build six or more Orion capsules for NASA's Artemis program to send astronauts to
3663-529: The 2020 census , the population was 68,572. Palo Alto has one of the highest costs of living in the United States, and its residents are among the most educated in the country. However, it has a youth suicide rate four times higher than the national average, often attributed to academic pressure. As one of the principal cities of Silicon Valley , Palo Alto is home to the headquarters of multiple tech companies, including HP , Space Systems/Loral , VMware , and PARC . Palo Alto has also served as headquarters or
3762-690: The Collier Trophy six times, including in 2001 for being part of developing the X-35 / F-35B LiftFan Propulsion System and most recently in 2018 for the Automatic Ground Collision Avoidance System (Auto-GCAS). Lockheed Martin is currently developing the F-35 Lightning II and leads the international supply chain, leads the team for the development and implementation of technology solutions for
3861-939: The Department of Defense and the Department of Energy to the Department of Agriculture and the Environmental Protection Agency . It is involved in surveillance and information processing for the CIA , the FBI , the Internal Revenue Service (IRS), the National Security Agency (NSA), The Pentagon , the Census Bureau , and the Postal Service . In October 2013, Lockheed announced it expected to finalize
3960-635: The Los Trancos and Monte Bello Open Space Preserves part of the Midpeninsula Regional Open Space District . The city extends as far as Skyline Boulevard along the ridge of the Santa Cruz Mountains . The northern more densely populated parcel is bordered by San Francisquito Creek (with Menlo Park and East Palo Alto in adjacent San Mateo County beyond) to the north, San Francisco Bay to
4059-588: The Mexican–American War , the United States seized Alta California in 1846; however, this was not legalized until the Treaty of Guadalupe Hidalgo was signed on July 4, 1848. Mexican citizens in the area could choose to become United States citizens and their land grants were to be recognized if they chose to do so (though many legal disputes arose over this). The land grant, Rancho Rinconada del Arroyo de San Francisquito , of about 2,230 acres (9.0 km ) on
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4158-620: The San Francisquito Creek watershed, ultimately camping from November 6–11, 1769, by a tall redwood later to be known as El Palo Alto . In 1777, Father Junipero Serra established the Mission Santa Clara de Asis , whose northern boundary was San Francisquito Creek and whose lands included modern Palo Alto. The area was under the control of the viceroy of Mexico and ultimately under the control of Spain. On November 29, 1777, Pueblo de San Jose de Guadalupe (now
4257-488: The Santa Cruz Mountains to the west, there is a " rain shadow " in Palo Alto, resulting in an average annual rainfall of only 15.12 inches (384 mm). Measurable rainfall occurs on an average of 55.8 days annually. The wettest year on record was 1983 with 32.51 inches (826 mm) and the driest year was 2013 with 3.81 inches (97 mm). The most rainfall in one month was 12.43 inches (316 mm) in February 1998 and
4356-507: The United States Census Bureau , the city has a total area of 25.8 square miles (67 km ), of which 23.9 square miles (62 km ) is land and 1.9 square miles (4.9 km ), comprising 7.38%, is water. The official elevation is 30 feet (9 m) above sea level, but the city boundaries reach well into the northern section of the Santa Cruz Mountains . Palo Alto is crossed by several creeks that flow north in
4455-669: The V-280 Valor tiltrotor for the Future Vertical Lift (FVL) program. In September 2013, Lockheed Martin acquired the Scotland -based tech firm, Amor Group , saying the deal would aid its plans to expand internationally and into non-defense markets. On November 14, 2013, Lockheed announced they would be closing their Akron, Ohio facility laying off 500 employees and transferring other employees to other locations. In March 2014, Lockheed Martin acquired Beontra AG,
4554-493: The 1950s. Large amounts of land west of Foothill Expressway were annexed between 1959 and 1968; this is mostly undeveloped and includes Foothills Park and Arastradero Preserve . The last major annexations were of Barron Park in 1975 and, in 1979, a large area of marshlands bordering the bay. Many of Stanford University's first faculty members settled in the Professorville neighborhood of Palo Alto. Professorville, now
4653-501: The Bayside Canning Company became one of the largest in the world. In 1949 the Palo Alto cannery, now part of the Sutter Packing Company under the ownership of Safeway , closed; at the time it was the largest employer in Palo Alto with about a 1,000 workers. Various businesses used the building since including Fry's Electronics . Palo Alto is also home to a long-standing baseball tradition. The Palo Alto Oaks are
4752-654: The C-5. On March 31, 2015, the US Navy awarded Lockheed Martin a contract worth $ 362 million for the construction of Freedom-class ship LCS 21 and $ 79 million for advance procurement for LCS 23. The Freedom-class ships are built by Fincantieri Marinette Marine in Marinette, Wisconsin . In December 2015, Lockheed won an $ 867 million seven-year contract to train Australia 's next generation of military pilots . The deal also has
4851-609: The DSCS-3 satellite. Martin Marietta products included Titan rockets , Sandia National Laboratories (management contract acquired in 1993), Space Shuttle External Tank , Viking 1 and Viking 2 landers, the Transfer Orbit Stage (under subcontract to Orbital Sciences Corporation ) and various satellite models. On April 22, 1996, Lockheed Martin completed the acquisition of Loral Corporation 's defense electronics and system integration businesses for $ 9.1 billion,
4950-572: The International Space Station. In August 2007, Lockheed Martin acquired 3Dsolve, a Cary, North Carolina , company that created simulations and training modules for the military and corporate clients. Renamed Lockheed Martin 3D Learning Systems, the company remained in Cary with 3D's founder Richard Boyd as director. The name was eventually shortened to Lockheed Martin 3D Solutions. On August 13, 2008, Lockheed Martin acquired
5049-457: The Moon for NASA, worth $ 2.6 billion. Lockheed Martin plans to formally propose a lander called McCandless Lunar Lander , named after the late astronaut and former Lockheed Martin employee Bruce McCandless II, who in 1984 performed the first free-flying spacewalk without a lifeline to the orbiting shuttle, using a jetpack built by the company. This lander would be based on the successful design of
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#17327932509275148-781: The Moon. In January 2020, the Naval Sea Systems Command awarded Lockheed Martin with a $ 138 million contract related with the AEGIS Combat System Engineering Agent (CSEA). The LMT Rotary and Mission Systems (RMS) unit of the company is to develop, integrate, test, and deliver the AEGIS Advanced Capability Build (ACB) 20 integrated combat system. Martin will work on the AEGIS in New Jersey. The project
5247-592: The Palo Alto area. The area of modern Palo Alto was first recorded by the 1769 party of Gaspar de Portolá , a 64-man, 200-horse expedition setting out from San Diego to find Monterey Bay . The group trekked past the bay without recognizing it and continued north. When they reached modern-day Pacifica , they ascended Sweeney Ridge and saw the San Francisco Bay on November 2. Portolá descended from Sweeney Ridge southeast down San Andreas Creek to Laguna Creek (now Crystal Springs Reservoir ), thence to
5346-489: The Palo Alto community. Palo Alto lies in the southeastern section of the San Francisco Peninsula . It consists of two large parcels of land connected by a narrow corridor. The southern inland section, located south of Interstate 280 , is hilly, rural, and lightly populated and is the site of Pearson–Arastradero Preserve and Foothills Park both part of the Palo Alto park system and also large parts of
5445-651: The South Peninsula region of the San Francisco Bay Area, Palo Alto has a Mediterranean climate with mild, moderately wet winters and warm, dry summers. Typically, in the warmer months, as the sun goes down, the fog bank flows over the foothills to the west and covers the night sky, thus creating a blanket that helps trap the summer warmth absorbed during the day. Even so, it is rare for the overnight low temperature to exceed 60 °F (16 °C). In January, average daily temperatures range from
5544-599: The U.S. Government $ 2 million to settle allegations that the company submitted false claims on a U.S. government contract for that amount. The allegations came from a contract with the Naval Oceanographic Office Major Shared Resource Center in Mississippi. On May 25, 2011, Lockheed Martin bought the first Quantum Computing System from D-Wave Systems . Lockheed Martin and D-Wave will collaborate to realize
5643-499: The United States and the United Kingdom, including Lockheed Martin, that supplied weapons to Israel during the 2023 Israel–Hamas war . In March 2024, Lockheed Martin submitted a bid to acquire Terran Orbital. On June 28, 2024, the U.S. Army awarded Lockheed Martin a $ 4.5 billion contract to supply Patriot Advanced Capability-3 (PAC-3) missiles. The contract included 870 PAC-3 MSE missiles and related hardware. Lockheed
5742-437: The age of 18 living in them, 13,975 (52.7%) were opposite-sex married couples living together, 1,843 (7.0%) had a female householder with no husband present, 659 (2.5%) had a male householder with no wife present. There were 979 (3.7%) unmarried opposite-sex partnerships , and 188 (0.7%) same-sex married couples or partnerships . 7,982 households (30.1%) were made up of individuals, and 3,285 (12.4%) had someone living alone who
5841-469: The benefits of a computing platform based upon a quantum annealing processor , as applied to some of Lockheed Martin's most challenging computation problems. Lockheed Martin established a multi-year contract that includes one system, maintenance, and services, and represents a potentially important milestone for both companies. On May 28, 2011, it was reported that a cyberattack using previously stolen EMC files had broken through to sensitive materials at
5940-617: The city council has seven members. The mayor and vice-mayor serve one year at a time, with terms ending in January. General municipal elections are held in November of even-numbered years. Council terms are four years long. According to one study in 2015, the city's effective property tax rate of 0.42% was the lowest of the California cities included in the study. In the California State Legislature , Palo Alto
6039-408: The city of San Jose a few miles to the south of what was to be Palo Alto) was established by order of the viceroy despite the displeasure of the local mission. The Mexican War of Independence ending in 1821 led to Mexico becoming an independent country, though San Jose did not recognize rule by the new Mexico until May 10, 1825. Mexico proceeded to sell off or grant much of the mission land. During
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#17327932509276138-575: The combined companies would be at Martin Marietta headquarters in North Bethesda, Maryland . The deal was finalized on March 15, 1995, when the two companies' shareholders approved the merger. The segments of the two companies not retained by the new company formed the basis for L-3 Communications , a mid-size defense contractor in its own right. Lockheed Martin also later spun off the materials company Martin Marietta Materials . The company's executives received large bonuses directly from
6237-647: The community that started nearby. On September 23, 1856, the Crosby land was transferred to Sarah Wallis to satisfy a debt he owed her. In 1880, Secundino Robles, father to twenty-nine children, still lived just south of Palo Alto, near the location of the present-day San Antonio Shopping Center in Mountain View. Many of the Spanish names in the Palo Alto area represent the local heritage, descriptive terms, and former residents. Pena Court, Miranda Avenue, which
6336-528: The company had grown to fifty people. The company underwent temporary financial difficulties which were resolved upon the release of MORE in 1986. Before merging with Symantec, Winer first met with Bill Gates, the co-founder and then-President, CEO, and chair of Microsoft , in February 1987. Gates wrote a letter of intent to purchase the company in return for shares of Microsoft. However, the deal fell through and Microsoft instead purchased Living Videotext's competitor, Forethought, Inc. , makers of Powerpoint , in
6435-453: The company's F-35 fighter program. The general said: "I want them both to start behaving like they want to be around for 40 years ... I want them to take on some of the risk of this program. I want them to invest in cost reductions. I want them to do the things that will build a better relationship. I'm not getting all that love yet." The criticism came in the wake of previous criticism from former Defense Secretary Robert Gates regarding
6534-432: The company. For the fiscal year 2020, Lockheed Martin reported earnings of $ 6.833 billion, with an annual revenue of $ 65.398 billion, an increase of 9.3% over the previous year. Backlog was 144.0 billion at the end of 2019, up from 130.5 billion at the end of the 2018. Firm orders were $ 94.5 billion at the end of 2019. Its shares traded at over $ 389 per share. Its market capitalization was valued at US$ 109.83 billion at
6633-475: The contractor. It is unclear if the Lockheed incident is the specific prompt whereby on June 1, 2011, the new United States military strategy, makes explicit that a cyberattack is casus belli for a traditional act of war. On July 10, 2012, Lockheed Martin announced it was cutting its workforce by 740 workers to reduce costs and remain competitive as necessary for future growth. On November 27, 2012, Lockheed Martin announced that Marillyn Hewson would become
6732-504: The corporation's chief executive officer on January 1, 2013. On January 7, 2013, Lockheed Martin Canada announced that it would be acquiring the engine maintenance, repair, and overhaul assets from Aveos Fleet Performance in Montreal , Quebec , Canada. On July 3, 2013, Lockheed Martin announced that it was partnering with DreamHammer to use the company's software for integrated command and control of its unmanned aerial vehicles. Lockheed Martin teamed up with Bell Helicopter to propose
6831-578: The deal having been announced in January. The remainder of Loral became Loral Space & Communications . Lockheed Martin abandoned plans for an $ 8.3 billion merger with Northrop Grumman on July 16, 1998, due to government concerns over the potential strength of the new group; Lockheed/Northrop would have had control of 25% of the Department of Defense's procurement budget. For the Mars Climate Orbiter , Lockheed Martin incorrectly provided NASA with software using measurements in US Customary force units when metric units were expected; this resulted in
6930-422: The defense contractor had sold overpriced perishable tools used on many contracts. The DOJ said the allegations were based specifically on the subsidiary Tools & Metals Inc's inflation of costs between 1998 and 2005, which Lockheed Martin then passed on to the U.S. government under its contracts. Further, in March 2006, Todd B. Loftis, a former TMI president, was sentenced to 87 months in prison and ordered to pay
7029-433: The dilemma that within 10 years, 100,000 of the about 130,000 Lockheed Martin employees – more than three-quarters – would be retiring. On August 31, 2006, Lockheed Martin won a $ 3.9 billion contract from NASA to design and build the CEV capsule, later named Orion for the Ares I rocket in the Constellation Program. In 2009, NASA reduced the capsule crew requirements from the initial six seats to four for transport to
7128-577: The direction of the San Francisco Bay, Adobe Creek near its eastern boundary, San Francisquito Creek on its western boundary, and Matadero Creek in between the other two. Arastradero Creek is a tributary to Matadero Creek, and Barron Creek is now diverted to Adobe Creek just south of Highway 101 by a diversion channel. The San Francisquito Creek mainstem is formed by the confluence of Corte Madera Creek and Bear Creek not far below Searsville Dam . Further downstream, Los Trancos Creek
7227-505: The end of 2019. Lockheed Martin ranked No. 60 in the 2019 Fortune 500 list of the largest United States corporations by total revenue (down from No. 59 in 2018). Lockheed Martin Corporation reported Total CO₂e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 919 Kt (-49 /-5.1% y-o-y). Lockheed Martin received $ 36 billion in government contracts in 2008 alone; more than any company in history. It does work for more than two dozen government agencies from
7326-604: The founding location of several other tech companies, including Apple , Google , Facebook , Logitech , Tesla , Intuit , IDEO , Pinterest , and PayPal . Ford Motor Company and Lockheed Martin each additionally maintain major research and technology facilities within Palo Alto. Before the arrival of Europeans, the Ohlone lived on the San Francisco peninsula; in particular, the Puichon Ohlone lived in
7425-697: The funds paid out by the Pentagon . In 2009, US government contracts accounted for $ 38.4 billion (85%), foreign government contracts for $ 5.8 billion (13%), and commercial and other contracts for $ 900 million (2%). Half of the corporation's annual sales are to the U.S. Department of Defense . Lockheed Martin is also a contractor for the U.S. Department of Energy and the National Aeronautics and Space Administration ( NASA ). Lockheed Martin operates in four business segments: Aeronautics , Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space . The company has received
7524-513: The government as a result of the merger. Norman R. Augustine , who was at the time CEO of Martin Marietta, received an $ 8.2 million bonus. Both companies contributed important products to the new portfolio. Lockheed products included the Trident missile , P-3 Orion maritime patrol aircraft , U-2 and SR-71 Blackbird reconnaissance airplanes , F-117 Nighthawk , F-16 Fighting Falcon , F-22 Raptor , C-130 Hercules , A-4AR Fightinghawk and
7623-449: The government business unit of Nantero, Inc., a company that had developed methods and processes for incorporating carbon nanotubes in next-generation electronic devices. In 2009, Lockheed Martin bought Unitech. On November 18, 2010, Lockheed Martin announced that it would be closing its Eagan, Minnesota , location by 2013 to reduce costs and optimize capacity at its locations nationwide. In January 2011, Lockheed Martin agreed to pay
7722-711: The loss of the Orbiter at a cost of $ 125 million. The development of the spacecraft cost $ 193 million. In addition to their military products, in the 1990s Lockheed Martin developed the texture mapping chip for the Sega Model 2 arcade system board and the entire graphics system for the Sega Model 3 , which were used to power some of the most popular arcade games of the time. In May 2001, Lockheed Martin sold Lockheed Martin Control Systems to BAE Systems . On November 27, 2000, Lockheed completed
7821-525: The lower reaches of San Francisquito Creek (i.e., parts of modern Menlo Park and northern Palo Alto) was given to Maria Antonia Mesa in 1841. She and her husband Rafael Soto (who had died in 1839) had settled in 1835 near present-day Newell and Middlefield roads and sold supplies. In 1839, their daughter María Luisa Soto (1817–1883) married John Coppinger, who was to be, in 1841, the grantee of Rancho Cañada de Raymundo (in modern San Mateo county). Upon Coppinger's death in 1847, Maria inherited it and later married
7920-528: The most rainfall in one day was 3.75 inches (95 mm) on February 3, 1998. Measurable snowfall is very rare in the populated areas of Palo Alto, but 1.5 inches (3.8 cm) fell on January 21, 1962. A dusting of snow occasionally occurs in the highest (unpopulated) section of Palo Alto near Skyline Ridge, where the elevation reaches up to 2,812 feet (857 m). According to the Köppen Climate Classification system, Palo Alto has
8019-529: The new USAF Space Fence ( AFSSS replacement), and is the primary contractor for the development of the Orion command module. The company also invests in healthcare systems, renewable energy systems, intelligent energy distribution , and compact nuclear fusion . Merger talks between Lockheed Corporation and Martin Marietta began in March 1994, with the companies announcing their $ 10 billion planned merger on August 30, 1994. The headquarters for
8118-451: The new townsite. This Hopkins Tract, bounded by El Camino Real, San Francisquito Creek, Boyce, Channing, Melville, and Hopkins Avenues, and Embarcadero Road, was proclaimed a local Heritage District during Palo Alto's centennial in 1994. The Stanfords set up their university, Stanford University , and a train stop (on University Avenue) by the new town. This new community was initially called University Park (the name "Palo Alto" at that time
8217-474: The north-east, Mountain View , Los Altos , and Los Altos Hills to the east and south-east and Stanford University to the south-west and west. Several major transit routes cross this parcel from the north-west to the south-east. The biggest and closest to the bay is the Bayshore Freeway and going inland are Alma Street/Central Expressway , El Camino Real , and Foothill Expressway . Interstate 280
8316-523: The option to extend this contract across 26 years, which would greatly increase the deal's value. In August 2016, Canadian Forces Maritime tested an integrated submarine combat system developed by Lockheed Martin. The test marked Canada's first use of the combat system with the MK 48 heavyweight torpedo, variant 7AT. The same month, a deal to merge Leidos with the entirety of Lockheed Martin's Information Systems & Global Solutions (IS&GS) business came to
8415-404: The population) lived in owner-occupied housing units and 24,644 people (38.3%) lived in rental housing units. As of the census of 2000, there were 58,598 people, 25,216 households, and 14,600 families residing in the city. The population density was 955.8/km (2,476/sq mi). There were 26,048 housing units at an average density of 424.9/km (1,100/sq mi). The racial makeup of the city
8514-596: The sale of its Aerospace Electronic Systems business to BAE Systems for $ 1.67 billion, a deal announced in July 2000. This group encompassed Sanders Associates , Fairchild Systems , and Lockheed Martin Space Electronics & Communications. In 2001, Lockheed Martin won the contract to build the F-35 Lightning II ; this was the largest fighter aircraft procurement project since the F-16, with an initial order of 3,000 aircraft. In 2001, Lockheed Martin settled
8613-840: The way to San Jose started in January 1864. El Camino became Main Street; the northeast–southwest cross streets were named for Civil War heroes, with California Avenue originally being Lincoln Street. The town had its own newspaper by 1869 (the Mayfield Enterprise , in English and Spanish), incorporated in 1903, and had breweries and a cannery. In 1875, French financier Jean Baptiste Paulin Caperon, better known as Peter Coutts, purchased land in Mayfield and four other parcels around three sides of today's College Terrace – more than
8712-544: Was 41,359 (64.2%) White , 17,461 (27.1%) Asian , 1,197 (1.9%) African American , 121 (0.2%) Native American , 142 (0.2%) Pacific Islander , 1,426 (2.2%) from other races , and 2,697 (4.2%) from two or more races. Hispanic or Latino of any race were 3,974 persons (6.2%). The Census reported that 63,820 people (99.1% of the population) lived in households, 205 (0.3%) lived in non-institutionalized group quarters, and 378 (0.6%) were institutionalized. There were 26,493 households, out of which 8,624 (32.6%) had children under
8811-422: Was 41.9 years. For every 100 females, there were 95.7 males. For every 100 females aged 18 and over, there were 93.0 males. There were 28,216 housing units at an average density of 1,094.2 units per square mile (422.5 units/km ), of which 14,766 (55.7%) were owner-occupied, and 11,727 (44.3%) were occupied by renters. The homeowner vacancy rate was 1.5%; the rental vacancy rate was 5.6%. 39,176 people (60.8% of
8910-441: Was 65 years of age or older. The average household size was 2.30 and the average family size was 2.95. In the city, the population was spread out, with 21.2% under the age of 18, 4.9% from 18 to 24, 32.4% from 25 to 44, 25.9% from 45 to 64, and 15.6% who were 65 years of age or older. The median age was 40 years. For every 100 females, there were 95.8 males. For every 100 females aged 18 and over, there were 93.6 males. According to
9009-422: Was 65 years of age or older. The average household size was 2.41. There were 16,477 families (62.2% of all households); the average family size was 3.04. The population was spread out, with 15,079 people (23.4%) under the age of 18, 3,141 people (4.9%) aged 18 to 24, 17,159 people (26.6%) aged 25 to 44, 18,018 people (28.0%) aged 45 to 64, and 11,006 people (17.1%) who were 65 years of age or older. The median age
9108-538: Was 75.76% White , 2.02% Black , 0.21% Native American , 17.22% Asian , 0.14% Pacific Islander , 1.41% from other races , and 3.24% from two or more races. Hispanic or Latino of any race were 4.65% of the population. There were 25,216 households, of which 27.2% had resident children under the age of 18, 48.5% were married couples living together, 7.0% had a female householder with no husband present, and 42.1% were non-families. 32.6% of all households were made up of individuals, and 10.8% had someone living alone who
9207-464: Was attached to what is now College Terrace), but was incorporated in 1894 with the name Palo Alto. With the Stanfords' support, Palo Alto grew to the size of Mayfield. Mayfield eventually passed an ordinance banning saloons that took effect in January 1905. On July 2, 1925, Palo Alto voters approved the annexation of Mayfield and the two communities were officially consolidated on July 6, 1925. As
9306-567: Was bounded on the south by Mariano Castro's Rancho Pastoria de las Borregas grant across San Antonio Road. This later became the Robles Rancho, which constitutes about 80% of Palo Alto and Stanford University today. In 1863, it was whittled down in the courts to 6,981 acres (28.25 km ). Stories say the grand hacienda was built on the former meager adobe of José Peña near Ferne off San Antonio Road, midway between Middlefield and Alma Street. Their hacienda hosted fiestas and bull fights. It
9405-464: Was essentially Foothill Expressway , was the married name of Juana Briones and the name occurs in Courts and Avenues and other street names in Palo Alto and Mountain View in the quadrant where she owned vast areas between Stanford University, Grant Road in Mountain View and west of El Camino Real. Yerba Buena was to her credit. Rinconada was the major Mexican land grant name. The township of Mayfield
9504-602: Was expected to close in first quarter of 2022. On February 13, 2022, Lockheed abandoned the deal following regulatory disapproval. In 2022, during the Russian invasion of Ukraine , major arms manufacturers, including Lockheed Martin, reported a sharp increase in interim sales and profits. In May 2023, Lockheed formed a new microelectronics subsidiary ForwardEdge ASIC to design custom application-specific integrated circuits for its customers. In November 2023, attempts at Direct action were taken against arms companies in
9603-472: Was formed in 1855, around the site of a stagecoach stop and saloon known as "Uncle Jim's Cabin" near the intersection of El Camino Real and today's California Avenue in what is now southern Palo Alto. In October 1863 the San Francisco to San Jose railroad had been built as far as Mayfield and service started between San Francisco and Mayfield (the station is now California Avenue ); train service all
9702-406: Was ruined in the 1906 earthquake and its lumber was used to build a large barn nearby, which was said to have lingered until the early 1950s. On April 10, 1853, 250 acres (1.0 km ), comprising the present-day Barron Park, Matadero Creek and Stanford Business Park, was sold for $ 2,000 to Elisha Oscar Crosby , who called his new property Mayfield Farm. The name of Mayfield was later attached to
9801-493: Was tasked with manufacturing the newest version of these interceptors, with each PAC-3 MSE missile costing approximately $ 4 million, as per Army budget documents. On October 9, 2024, Lockheed Martin announced the appointment of Chauncey McIntosh as vice president and general manager of the F-35 Lightning II Program, effective December 1, 2024. He succeeded Bridget Lauderdale, who retired after 38 years with
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