AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Lockheed Martin Acquiring OAO Corp.
(From Newsbytes)
Byline: Kyle Balluck
With federal IT spending on the rise, defense giant Lockheed Martin Corp. announced this morning it plans to acquire the outstanding stock of OAO Corp., a government IT contractor in Greenbelt.
Terms were not disclosed.
The Bethesda company's Technology Services business unit, which is based in Cherry Hill, N.J., plans to combine OAO with one of its companies, Lockheed Martin Information Support Services.
Lockheed Martin Technology Services spokeswoman Wendy Owen said both firms serve different customer bases, adding that the acquisition will better position the combined company to compete in a growing government IT market.
Lockheed Martin forecasts that federal IT spending will rise from $36 billion this year to more than $60 billion in 2006.
- Lockheed Martin Wins Social Security Administration Enterprise Technology...
- Press release article from: PR Newswire November 19, 1998 700+ words
...the Enterprise Technology Services Contract (ETSC...systems life. Lockheed Martin will support...and resources. Lockheed Martin Services, Inc...is part of the Lockheed Martin Technology Services Group (TSG...
- Lockheed Martin to Webcast Information & Technology Services Executive Vice...
- Press release article from: PR Newswire December 2, 2005 700+ words
...FirstCall/ -- Lockheed Martin Corporation will...Information & Technology Services at the Credit Suisse...Bethesda, Md., Lockheed Martin employs about 135...lmco.com, all of Lockheed Martin Corporation Web...
- Lockheed Martin to Combine Commercial Information Technology Services Unit With...
- Press release article from: Business Wire September 26, 2000 700+ words
...Sept. 26, 2000 Lockheed Martin (NYSE: LMT) said today...commercial information technology services arm of Lockheed Martin that partners with customers...chief executive officer of Lockheed Martin, said, "Combining these...
- Lockheed Martin to Combine Commercial Information Technology Services Unit with...
- Newspaper article from: Wireless Satellite and Broadcasting Newsletter October 1, 2000 700+ words
Lockheed Martin said it is combining its Integrated...the commercial information technology services arm of Lockheed Martin that partners with customers...enterprise customers. LMGT blends Lockheed Martin's legacy of designing, integrating...
- Lockheed Martin Earns High Rankings in Information Technology Services From...
- Press release article from: PR Newswire January 28, 2003 700+ words
...2002, Lockheed Martin ranked number...information technology services providers...revenue. Lockheed Martin's IT services...aeronautics, and technology services. Employing...worldwide, Lockheed Martin had 2002...
- USA: LOCKHEED MARTIN AWARDED CONTRACT FOR INFORMATION TECHNOLOGY SERVICES.
- Newspaper article from: IPR Strategic Business Information Database June 6, 2004 700+ words
According to the DoD., Lockheed Martin Corp., Owego, N.Y.; Science Applications International...indefinite quantity contract to provide for information technology services such as pre-development and new development, technical...
- USA: LOCKHEED MARTIN AWARDED CONTRACT TO PROVIDE FOR INFORMATION TECHNOLOGY...
- Newspaper article from: IPR Strategic Business Information Database November 23, 2003 700+ words
According to the DoD., Lockheed Martin Corp., Bethesda, Md., is being...contract to provide for information technology services for the Air Force Pentagon Communications Agency.a Lockheed Martin will perform this effort at The Pentagon...
- Lockheed Martin Global Telecommunications, Simon & Schuster Enter Comprehensive...
- Press release article from: Business Wire December 18, 2000 700+ words
...simonsays.com About Lockheed Martin Global Telecommunications Lockheed Martin Global Telecommunications...owned subsidiary of Lockheed Martin Corporation (NYSE...commercial information technology services arm partners with customers...