BETHESDA, Md., May 23 Lockheed Martin(NYSE: LMT) has completed its acquisition of Atlanta, Georgia based EagleGroup International, LLC. Eagle Group provides logistics, informationtechnology, training and healthcare services to the U.S. Department ofDefense.
Founded in 1995, Eagle Group employs more than 1,350 people. Its provencapabilities in military readiness and integrated logistics, healthcareprogram management and outsourcing, information technology, and trainingservices have enabled it to develop a reputation for outstanding support ofits customers' critical missions. Eagle's revenue is generated mainly fromwork done for the U.S. Army.
The acquisition was originally announced April 28, 2008. All obligationsassociated with Eagle Group's U.S. Department of Labor Job Corp Contract wereexcluded from the transaction. Other terms of the transaction were notdisclosed.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000people worldwide and is principally engaged in the research, design,development, manufacture, integration and sustainment of advanced technologysystems, products and services. The Corporation reported 2007 sales of $41.9billion.
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LOCKHEED MARTIN Safe Harbor Statement / Forward-Looking Statements:
Some of the statements contained in this press release are considered"forward-looking statements" under the federal securities laws. Forward-looking statements include, but are not limited to statements regarding: (1)the expected closing date of the transaction; (2) the expected futuresynergies arising out of the transaction; and (3) future reduced costs,increased efficiency and customer satisfaction. These forward-lookingstatements are subject to a number of risks, uncertainties and other factorsthat could cause actual results to differ materially from future resultsexpressed or implied by such forward-looking statements. Potential risks anduncertainties include, but are not limited to: (a) the risk that thetransaction may close more slowly than expected or not at all; (b) the riskthat the cost savings arising out of the transaction may be less thananticipated, and (c) other risks and uncertainties detailed from time to timein Lockheed Martin's filings with the Securities and Exchange Commission. Allinformation in this release is as of May 23, 2008. Lockheed Martin disclaimsany duty to update forward-looking statements to reflect subsequent events,actual results or changes in expectations.
SOURCE Lockheed Martin