Chapter 28: The Idea of Annexing Martin

The name Glenn L. Martin Company may be a bit strange to most people. The new company established after its two subsequent mergers is the famous: Lockheed Martin.

The Martin of Lockheed Martin comes from the Glenn L. Martin Company.

The advantage of facing problems with answers is great. The reality is that George Arthur is not good. In actual history, he is also not good. General Electric did not enter the list, and in the end, it could only be a supplier of scraps in NASA's moon landing plan.

George Arthur is even more of a non-existent person in the Apollo moon landing record.

And the Glenn L. Martin Company is completely different.

The Glenn L. Martin Company was not only one of the finalists for the Apollo command module and service module contract, although it lost to North American Aviation in 1962.

But later in aerospace projects such as the Vanguard rocket and the Titan series, it played a key role in the space race.

In addition to the Glenn L. Martin Company being very valuable, an excellent team of engineers, and successful cases of manufacturing bombers in the past, standing from the perspective of God, the Glenn L. Martin Company itself will also complete the merger with the Marietta Company two years later.

Since you will merge sooner or later, then Morgan family already has General Electric, so there is a chance to strive for such a merger opportunity.

During this time, John Morgan has been promoting the independence of the aerospace sector, and the name of the Glenn L. Martin Company is naturally not strange:

"Glenn L. Martin Company?"

Lin Ran explained: "Yes, General Electric's existing team of engineers is too weak.

Even if our feasibility report can pass, in the process of the subsequent specific project, we still have to rely on external suppliers.

Since this is the case, it is better to merge the external possible suppliers in advance.

In my idea, the Glenn L. Martin Company will be the best object.

As for the specific merger, my 30% shares will be diluted in equal proportion."

John Morgan hesitated: "I will understand it first. The Glenn L. Martin Company is not so easy to merge.

General Electric's aerospace sector is stripped out as a whole, with only two thousand employees, while the Glenn L. Martin Company had more than fifty thousand employees at its peak. Even if the number of employees continued to decline after the war, there were more than ten thousand employees.

Their revenue and profit are much more than General Electric's aerospace sector."

Lin Ran looked directly at the other party. He had to believe in the strength of the Morgan family more than John Morgan: "This is indeed a game of snake swallowing elephant, but they also need the Morgan family.

What you are doing is not General Aerospace swallowing the Glenn L. Martin Company, but the Morgan family swallowing the Glenn L. Martin Company."

Every time he met Lin Ran, John Morgan hoped to master the initiative, but he never succeeded.

He wanted to find some faults in Lin Ran's suggestions. He couldn't understand the technical level. General Electric's engineers were trained like grandsons. Once an engineer refuted two sentences and was asked to be speechless.

Now he found that even commercial operations, the other party's suggestions were more perfect.

If it is based on the necessity of success, then merging the Glenn L. Martin Company is indeed a good choice.

Those who are more awesome than it will not sell, like Boeing. The number of Boeing employees has been stable at more than 50,000, and it is a behemoth with revenue exceeding 1 billion dollars in 1960.

Let alone him, even if his father's father, little Morgan, came, he might not be able to handle it.

Companies weaker than the Glenn L. Martin Company, then it is better to re-recruit engineers and dig the team of competitors.

The more John Morgan thought about it, the more he felt it was a good idea, but it was still very difficult.

John Morgan explained: "Randolph, I need to evaluate the acquisition of the Glenn L. Martin Company again. The difficulty is still too great.

In addition, the Glenn L. Martin Company is a key supplier of the federal defense industry. This acquisition will be strictly reviewed, especially considering the Sherman Antitrust Act and the Clayton Antitrust Act, the Department of Justice may also intervene."

General Electric is also one of the core suppliers of national defense. It provides engines for the two fighter jets J47 and J79, and also provides a large amount of aircraft electronic equipment.

Lin Ran thought for a moment and said: "Well, I know. Wait for NASA's return to the moon tender at the end of the year. After our plan defeats all competitors and wins the bid, it may be more appropriate to talk to George Bunker of the Glenn L. Martin Company."

George Bunker, the chairman of the board of the Glenn L. Martin Company, was an important pusher for the merger of the Glenn L. Martin Company and the Marietta Company two years later.

"You need to show him that the merger with General Electric can complement each other's technical expertise in the aerospace field. In addition, General Electric can also provide financial support to the Martin Company to enhance its ability to compete with giants like Boeing and Lockheed in the highly competitive market."

After meeting Lin Ran, John Morgan flew to Huntsville without stopping. He had an appointment to meet Haynes here.

That's right, it's Haynes, a NASA engineer, who stayed at Lin Ran's home in New York for two nights.

Haynes worked at the Redstone Arsenal, which is located southwest of Huntsville, Alabama, covering nearly 40,000 acres.

On July 1, 1960, four months later, NASA's Ma Xieer Space Flight Center would be built based on the Redstone Arsenal.

At present, the Redstone Arsenal is not called the Ma Xieer Space Flight Center, but because of the existence of the Redstone Arsenal, a large number of scientists, engineers, and military personnel have gathered here, bringing the initial prosperity of the surrounding Huntsville city.

Among them, the hotel where John Morgan met Haynes, the Russell Erskine Hotel, is one of the most luxurious hotels in the local area, built in 1930 and famous for its high-end Southern cuisine.

Waiting for the navy blue double-breasted suit made by Chipp by hand, walking into the restaurant after a long journey, Haynes had been waiting here for a long time.

"Mr. Morgan, you look very handsome today," Haynes joked. He had dealt with this person a few times because of Randolph, and the two had already had an initial tacit understanding.

"Are you talking about this? Hand-made by Chipp in New York. If you are interested, I can give you his business card. Compared with Brooks Brothers and the older Savile Row that the older generation likes, I think Chipp's more modern Ivy League style is better."

"By the way, are you interested in working for General Electric?" ===== CHAPTER 29 =====

"Are you talking about this? It was handmade for me by Chipp in New York; if you're interested, I can give you his business card. Compared to the Brooks Brothers that the older generation likes, or the even older Savile Row, I still prefer Chipp's more modern Ivy League style."

"By the way, are you interested in coming to work for General Electric?"