Lockheed Martin Acquires ISX
BETHESDA, Md., June 13, 2006 -- Defense contractor Lockheed Martin Corp. announced yesterday that it will acquire ISX Corp., a privately owned, California-based provider of military decision systems and other information technology solutions for government customers. Terms of the deal were not disclosed.
Founded in 1988, ISX provides IT solutions in technology engineering and systems integration, command and control, communications, computers and intelligence, and information and knowledge management. Approximately 90 percent of ISX's business comes from the Department of Defense, Lockheed Martin said.
"ISX has gained broad recognition for innovation as a research and development leader, to include winning two consecutive awards as DARPA's contractor of the year -- a first for any company," said Bob Stevens, Lockheed Martin chairman, president and CEO. "This acquisition complements and accelerates our growth in decision systems, distributed collaborative military operations, autonomous systems, and knowledge management."
Lockheed Martin's advanced computing and applied research and development facility, Advanced Technology Laboratories (ATL), located in Cherry Hill, NJ, will manage the ISX business, the company said. The transaction is expected to close this month.
For more information, visit: www.lockheedmartin.com