Purchase Strengthens Company's Training and Mission Readiness Offerings
BETHESDA, Md., Jan. 9 /PRNewswire/ -- Lockheed Martin Corporation (NYSE:
LMT) has completed its acquisition of Universal Systems & Technology, Inc.
(UNITECH). UNITECH provides interactive training and simulation, homeland
security, and technical solutions to the United States Army, Navy, Air Force,
Marine Corps, Coast Guard, Department of Homeland Security, and other U.S. and
international government agencies. The business will be managed by Lockheed
Martin's Simulation, Training and Support division based in Orlando, Fl.
Founded in 1988, UNITECH employs more than 400 people. Its core service
offerings include multimedia training and performance support systems,
three-dimensional weapons simulations, security strategies and information
technology services.
The acquisition was originally announced on December 24, 2008. Terms of
the transaction are not being disclosed.
Headquartered in Bethesda, Md., Lockheed Martin is a global security
company that employs about 140,000 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 2007 sales of $41.9 billion.
For additional information, visit our Web site:
http://www.lockheedmartin.com
SOURCE Lockheed Martin Corporation
-0- 01/09/2009
/CONTACT: Cheryl Amerine of Lockheed Martin Corporation, +1-301-897-6195,
Cheryl.amerine@lmco.com/
/Web Site: http://www.lockheedmartin.com /
(LMT)
CO: Lockheed Martin Corporation; UNITECH; Universal Systems & Technology,
Inc.
ST: Maryland, Florida
IN: ARO HMS HTS CPR
SU: TNM
PR
-- PH57358 --
1158 01/09/2009 13:54 EST http://www.prnewswire.com