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Lockheed

IN 1909, AVIATOR Glenn L. Martin expanded his small aircraft construction business into Lockheed Martin Corporation, which became one of the most prominent aircraft suppliers in the world. In the years immediately after World War II, Europe was rebuilding its economy, and American businesses traded with former enemies as well as with former allies. International trade with developing countries was also on the rise. Expanded world markets offered enormous profits, and Lockheed was eager to make the most of its opportunities.

Money poured in from Lockheed sales to Japan, Germany, Italy, the Netherlands, West Germany, Indonesia, Turkey, Brazil, the Philippines, Saudi Arabia, and a number of other countries. Lockheed's problems started when William Findley, an independent auditor simply doing his job, discovered Lockheed's “unusual” accounting practices ...

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