Lockheed Martin Announces Completion of Aspen Systems Corporation Acquisition
Purchase Strengthens Company's Business Process Management Offerings
BETHESDA, Md., Jan. 26 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation (NYSE: LMT) has completed its acquisition of Aspen Systems Corporation. Lockheed Martin Information Technology, based in Seabrook, Md., will manage the provider of business process and technology solutions.
The acquisition was originally announced Dec. 16, 2005. Terms of the transaction were not disclosed.
Headquartered in Bethesda, Md., Lockheed Martin employs about 135,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2005 sales of $37.2 billion.
For additional information, visit our web site: http://www.lockheedmartin.com. LOCKHEED MARTIN Safe Harbor Statement / Forward-Looking Statements:
Some of the statements contained in this press release may be considered "forward-looking statements" under the federal securities laws. Forward- looking statements include, but are not limited to statements regarding the future synergies arising out of the transaction. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to our ability to successfully integrate acquired businesses, and other risks and uncertainties detailed from time to time in Lockheed Martin's filings with the Securities and Exchange Commission. All information in this release is as of January 26, 2006. Lockheed Martin disclaims any duty to update forward-looking statements to reflect subsequent events, actual results or changes in expectations.
SOURCE Lockheed Martin Corporation -0- 01/26/2006 /CONTACT: Jeff Adams of Lockheed Martin Corporation, +1-301-897-6308, jeffery.adams@lmco.com/ /Company News On-Call: http://www.prnewswire.com/comp/534163.html/ /Web site: http://www.lockheedmartin.com / (LMT) CO: Lockheed Martin Corporation; Aspen Systems Corporation ST: Maryland IN: ARO SU: TNM JV-PM -- DCTH011 -- 4951 01/26/2006 13:27 EST http://www.prnewswire.com