Lockheed Martin closes PAE buy

Lockheed Martin Corp. has completed its acquisition of Pacific Architects and Engineers Inc., a provider of services for the military, peacekeeping missions, nation-building activities, personnel recruitment and training and disaster relief efforts.

Pacific Architects and Engineers operates and maintains facilities and provides base operations support services for the Defense and State departments, the Defense Education Activity, Canada's National Defense Department and New Zealand's Defense Ministry.

The company also supplies logistics, airfield and air terminal management services for the Air Force, Navy and the United Nations.

Renamed PAE, the California company is now part of Lockheed Martin's information and technology services unit. Lockheed Martin announced the acquisition Aug. 17. Terms were not disclosed.

Lockheed Martin of Bethesda, Md., has about 135,000 employees and had annual revenue of $37.2 billion in fiscal 2005. The company ranks No. 1 on Washington Technology's 2006 Top 100 list of the largest 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
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

I agree to this site's Privacy Policy.