Last Wednesday, Lockheed Martin Corp announced the acquisition of Amor Group, a Scotland based privately held information technology firm. The announcement said the deal would be aiding its plans to expand into both non-defense and international markets.
Lockheed did not provide information on the financial terms of the acquisitions.
According to Lockheed CEO Marilyn Hewson, through a statement, "The strategic acquisition of Amor Group is aligned with our strategy for Lockheed Martin International and expands our capabilities and expertise in international information technology, civil government services and the energy market."
Lockheed confirmed that the Amor Group had over 500 employees across seven locations in the United Kingdom. This would help the company expand in key business areas such as energy, government health care and airport operations. This is also a move to offset the expected cutbacks in US military spending.
Amor's systems currently manage over three million aircraft movements as well as track 700 million others. Their work complements the work of Lockheed as it works with the US Federal Aviation Administration together with several other global customers.
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