Lockheed Martin snaps up Pacific Architects and Engineers

Lockheed Martin Corp. has acquired Pacific Architects and Engineers Inc., a provider of services that support military and peacekeeping missions worldwide. Terms of the cash transaction were not disclosed.

The acquisition complements Lockheed Martin's capabilities and bolsters its domain expertise in outsourced support services, Bob Stevens, Lockheed Martin's chairman, president and CEO, said in a statement announcing the purchase.

PAE also specializes in nation-building activities, personnel recruitment, and training and disaster relief services.

Following the acquisition, the Los Angeles company, which has more than 6,000 employees in more than 30 countries, will become a wholly owned subsidiary of Lockheed Martin's IT services segment. Lockheed Martin expects to close the deal in September.

PAE furnishes facilities operations and maintenances services for the State Department, U.S. military and the Defense Department's Education Activity as well as Canada's National Defense Department and New Zealand's Ministry of Defense.

For the State Department, it supplies specialized operations and maintenance, logistics and related services at several U.S. embassies overseas and for personnel placement and training programs. The company also performs logistics and airfield and terminal management for the Air Force, Navy and United Nations.

Lockheed Martin in Bethesda, Md., has about 135,000 employees and reported 2005 revenue of $37.2 billion. The company ranks No. 1 on Washington Technology's 2006 Top 100 list of the prime federal IT contractors.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here


  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More


    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.