Lockheed Martin buys Unitech
- By David Hubler
- Dec 24, 2008
Lockheed Martin Corp. is purchasing Universal Systems and Technology Inc., a provider of technology services to the Defense Department and other government agencies. The companies did not disclose the terms of the transaction.
Unitech, of Centreville, Va., provides interactive training and simulation, homeland security, and technical solutions to the Army, Navy, Air Force, Marine Corps, Coast Guard, Homeland Security Department, and other U.S. and international government agencies, Lockheed Martin officials said.
The acquired company’s core service offerings include multimedia training and performance support systems, 3-D weapons simulations, security strategies and information technology services, the officials added.
The acquisition of Unitech positions Lockheed Martin to benefit from increasing demand for operational readiness, training and support, and it extends the company’s capabilities and relationships with several prime customers, said Bob Stevens, Lockheed Martin chairman, president and chief executive officer, in a Dec. 24 statement.
Founded in 1988, Unitech has more than 400 employees.
Lockheed Martin’s Simulation, Training and Support division based in Orlando, Fla., will manage the new business.
The transaction, which is subject to government approvals, is expected to close by early 2009.
Lockheed Martin ranks No. 1 on Washington Technology’s 2008 Top 100 list of the largest federal government prime contractors.
About the Author
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.