It was based on the East Coast of the United States, and provided research and development for flash photography equipment.
The company won a U.S. Air Force contract for the C-82 Packet cargo and troop-carrying airplanes and spare parts.
During the 1950s, Fairchild invested heavily in research and development, and introduced new products that ranged from devices combining radar and photography for training pilots to automatic corrected color engraving machines.
[2] In 1957, the company was approached by members of the "traitorous eight" to rescue the group from the authoritarian regime of William Shockley.
[3][4] In 1960, two years after Emerson Radio had acquired DuMont's TV manufacturing division (in 1958), Fairchild acquired the remnants of Allen B. DuMont Laboratories (oscillograph & cathode-ray tube manufacturing), as well as large interest in Società Generale Semiconduttori, an Italian semiconductor producer.
Its corporate headquarters were in Syosset, New York, which were later moved to Mountain View, California when Lester Hogan assumed control of Fairchild Semiconductor.
In 1996, Lockheed Martin completed the acquisition of Loral Corporation's defense electronics and system integration businesses, which included Fairchild, for $9.1 billion.