Daniel M. Tellep, an aerospace engineer who initiated a merger between Lockheed and Martin Marietta to form the world’s largest military contractor, then became its first chief executive, died on Nov. 26 at his home in Saratoga, Calif. Mr. Tellep was at Lockheed’s helm as the Cold War was ending. Lockheed, based in Calabasas, was struggling and looking at potentially diminished demand with the relaxation of global tensions, as was Martin Marietta, led at the time by Norman R. Augustine. In 2019, Lockheed Martin net sales were $59.8 billion. As a chief executive at Lockheed and then at Lockheed Martin, Mr. Tellep oversaw development of military communications satellites, photographic intelligence satellites, the Hubble Space Telescope and more.

Source: New York Times December 31, 2020 21:45 UTC