Lockheed Martin Completes ISX Corporation Acquisition
BETHESDA, Md., 30-JUN-06 -- Lockheed Martin Corporation [NYSE: LMT] has completed its acquisition of ISX Corporation (ISX). ISX is a provider of military decision systems and other information technology solutions for government customers. 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 Advanced Technology Laboratories (ATL), located in Cherry Hill, NJ, will manage the ISX business. ATL is Lockheed Martin’s advanced-computing, applied research and development facility. It develops and transitions technologies in autonomy and intelligence, network-centric operations, cognitive computing, information exploitation, and advanced signal processing for Lockheed Martin, DARPA, military services, and service laboratories.
The acquisition was originally announced June 12, 2006. Terms of the transaction were not disclosed.