Fairchild Systems

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]

This article is about the former division of Fairchild Camera and Instrument. For other systems and companies, see Fairchild (disambiguation).

History

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
  1. Abate, Tom (1999-09-28). "Lockheed Shakes Up Operations; Key exec promoted, firm may trim units". The San Francisco Chronicle. The Chronicle Publishing.
  2. "Loral picks three to head renamed Fairchild Weston units". Aerospace Daily. McGraw-Hill. 1989-09-01.
  3. 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.
  4. "Contract for BAE". The Times. Times Newspapers. 2000-11-28.
  5. Parreault, Carl (2004-07-14). "British aerospace firm buys Sanders". The Union Leader.
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