Lockheed Martin Acquires RLM Systems, Ltd.
Acquisition Expands Lockheed Martin's Defense and Intelligence Capabilities in Australia
BETHESDA, Md., Apr. 16 -- Lockheed Martin Corporation (NYSE:LMT), today announced it has acquired the defense and intelligence business of RLM Systems Pty, Ltd., an Australia-based provider of system engineering, software development, integration, and program management services and products. Lockheed Martin acquired the RLM Systems business from RLM Holdings, its joint venture with the Tenix Group, a privately held Australian company. Terms of the cash transaction were not disclosed.
RLM Systems has more than one hundred employees and contractors supporting defense and intelligence programs with systems and software development and integration services. The company develops and supports complex systems and software solutions to meet the demanding requirements of the defense and intelligence communities in Australia. The new entity will do business as Lockheed Martin Australia Information Systems & Global Services (IS&GS), a division of Lockheed Martin Australia Pty Limited.
"The acquisition of RLM Systems expands Lockheed Martin's commitment to the Australian defense and intelligence communities, allowing us to provide broader capabilities in country for our government and industry partners," said Paul Johnson, Managing Director of Lockheed Martin Australia Pty Limited.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products, and services. The corporation reported 2006 sales of $39.6 billion.
For additional information, visit our website: www.lockheedmartin.com
Source: Lockheed Martin Corporation
CONTACT: Jeff Adams of Lockheed Martin Corporation, +1-301-897-6308, jeffery.adams@lmco.com
Web site: www.lockheedmartin.com/
