WT Business Beat

By Nick Wakeman

Blog archive
Nick Wakeman

Lockheed closes health IT acquisition

Lockheed Martin closed its acquisition of Systems Made Simple, a deal which brought the government’s largest contractor access to one of the biggest health IT contracts on the market.

The company announced deal Oct. 30, and financial terms were not disclosed, but Systems Made Simple brings a strong position on the Veterans Affairs Transformation Twenty-One Total Technology contract, known as T4.

According to Deltek, the company has pulled in $640.6 million in task orders since 2011.

The multiple award contract runs through 2016, so the acquisition gives Lockheed Martin a strong position for that competition.

Lockheed Martin sees the VA as an important customer. It is already building an IT-enabled disability case management services systems for VA through its QTC business.

The acquisition also fits with Lockheed’s strategy of making acquisitions that bring more capabilities or access to new markets. Making deals to add bulk isn’t a priority for the company unless it is adding mass in critical sectors.

Among the sectors Lockheed has pegged for growth are energy, health IT and international markets.

Posted by Nick Wakeman on Dec 02, 2014 at 12:06 PM


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

  • POWER TRAINING: How to engage your customers

    Don't miss our July 12 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    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.