Compaq, Lockheed Martin Form Alliance
Compaq, Lockheed Martin Form Alliance <CR>
By Gail Repsher, Staff Writer
JUNE 27 - Compaq Computer Corp. of Houston and Lockheed Martin Corp. of Bethesda, Md., announced June 26 a strategic business alliance to pursue new information technology business opportunities in government and commercial markets.
The alliance brings together two recognized industry leaders: Compaq, a supplier of computing systems, and Lockheed Martin, a federal government systems integrator. Under terms of the agreement, the two will work together to identify and pursue new business.
Ashok Shah, vice president of Compaq Professional Services Division, North America, said the agreement "creates a synergy between two strong organizations focused on delivering high-value IT solutions to the government and commercial markets - and reaffirms a shared commitment to delivering best-in-class solutions for our customers."
Each of Lockheed Martin's four principal business areas - aeronautics, space, systems integration and technology services - will have access to Compaq technologies and products under terms of the agreement.
"We are excited about the prospect of offering Compaq's world-class systems and solutions to Lockheed Martin's government customers," said Jay Honeycutt, president of Houston-based Lockheed Martin Space Operations, "and see this alliance as an opportunity to apply our unique skills in systems integration and business process re-engineering in commercial markets."
Lockheed Martin had sales of $25.5 billion in 1999. Compaq had $38.5 billion in sales in 1999.