Lockheed Martin will sell 2 units, merge others
June 2, 2010 The Bethesda, Md., company says it will sell the Enterprise
Integration Group unit because the U.S. government is concerned
about conflicts of interest, which are keeping it from getting some
contracts. It says the Pacific Architects and Engineers unit did
not fit with its strategies in the current market.
Both businesses, part of the Information Systems and Global
Services division, produce about 3 percent of Lockheed's revenue.
Lockheed also says it will combine its Readiness and Stability
Operations and Savi Technology units with its Simulation, Training
and Support business, and rename them Global Training and
Logistics.
