Lockheed swoops down on Eagle Group

Lockheed Martin Corp. is acquiring Eagle Group International LLC, a provider of logistics, information technology, training and health care services to the Defense Department. Financial terms were not disclosed.

The company's revenue comes mainly from its work for the Army, Lockheed Martin said. The company had $141.5 million in revenue in 2007, according to Hoover's Online.

The acquisition will increase Lockheed Martin's logistics and business process outsourcing capabilities, said Bob Stevens, Lockheed Martin's chairman, president and chief executive officer. It also will strengthen the company's relationships with several key Army customers and enhance support for military force modernization efforts, he added.

As part of the agreement, Lockheed Martin will not assume any of the Atlanta company's obligations under its Potomac Job Corps contract with the Labor Department.

Founded in 1995, Eagle Group has more than 1,350 employees.

The transaction is subject to government approval and is expected to close in the second quarter of 2008.

Lockheed Martin, of Bethesda, Md., ranks ranks No. 1 on Washington Technology's 2007 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.

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.