Naval Reserve in San Diego, California; while there he learned to fly Curtiss N-9 seaplanes.
In 1925, Stearman and Walter Beech teamed up with Clyde Cessna to form the Travel Air Manufacturing Company.
[2]: 108–110 In 1932, Stearman, Robert Gross, Walter Varney and others, bought Lockheed Aircraft Company.
[2]: 25–27 Stearman died of cancer on April 3, 1975, at home in Northridge, Los Angeles.
[4][5] In recognition of his contributions to the aircraft industry, Lloyd Stearman was inducted into the National Aviation Hall of Fame in Dayton, Ohio in July 1989.