Thread: Lockheed to Sell Unit for $815 Million

OCTOBER 13, 2010, 9:19 A.M. ET.

Lockheed to Sell Unit for $815 Million

By MATT JARZEMSKY

Lockheed Martin Corp. said it has agreed to sell a risk and resource management business to Veritas Capital Inc. for $815 million.

The defense contractor in June announced plans to unload the unit because of increased government concerns over potential conflicts of interest; it serves a broad range of government customers. Meanwhile, Lockheed has been scaling back its operations as a slowdown in spending by its customers is expected to continue.

The deal is expected to close by year end.

Lockheed had also said in June it would divest its Pacific Architects and Engineers Inc. unit, but hasn't yet offered details on that front. Both businesses fall under Lockheed's information systems and global services segment, typically the third largest of four by revenue.

Write to Matt Jarzemsky at matthew.jarzemsky@dowjones.com

http://online.wsj.com/article/SB1000142 ... 15880.html

This is only one unit of Lockheed's information systems and global services segment, which has been one of the biggest in the business, when not the biggest, for fifty years.

It does not indicate or predict divestment of Lockheed IS&GS. That is both "too big to fail" and integral to U.S. security.

Lockheed Divisions

Lockheed's operations were divided between several groups and divisions, many of which continue to operate within Lockheed Martin.[10]

Aeronautical Systems Group
Lockheed-California Company (CALAC), Burbank, California.
Lockheed-Georgia Company (GELAC), Marietta, Georgia.
Lockheed Advanced Aeronautics Company, Saugus, California.
Lockheed Aircraft Service Company (LAS), Ontario, California.
Lockheed Air Terminal, Inc. (LAT), Burbank, California, now Bob Hope Airport and owned by the Burbank-Glendale-Pasadena Airport Authority.

Missiles, Space, and Electronics Systems Group
Lockheed Missiles & Space Company, Inc., Sunnyvale, California.
Lockheed Space Operations Company, Titusville, Florida.
Lockheed Engineering and Management Services Company, Inc., Houston, Texas.
Lockheed Electronics Company, Inc., Plainfield, New Jersey.

Marine Systems Group
Lockheed Shipbuilding Company, Seattle, Washington.
Lockport Marine Company, Portland, Oregon.
Advanced Marine Systems, Santa Clara, California.

Information Systems Group
Datacom Systems Corporation, Teaneck, New Jersey.
CADAM Inc., Burbank, California.
Lockheed Data Plan, Inc., Los Gatos, California.
DIALOG Information Services, Inc, Palo Alto, California.
Metier Management Systems, London, England.
Integrated Systems and Solutions, Gaithersburg, MD.

Product list

Lockheed's most advanced airliner, the L-1011 Tristar
Lockheed Trident II missile, introduced in 1990.
Lockheed's advanced upper rocket stage, the Agena.Main article: List of Lockheed aircraft

A partial listing of aircraft and other vehicles produced by Lockheed.

Airliners and civil transports
Lockheed Vega
Lockheed Model 10 Electra
Lockheed Model 12 Electra Junior
Lockheed Model 14 Super Electra
Lockheed Lodestar
Lockheed Constellation, famous airliner
Lockheed Saturn
L-188 Electra
Lockheed JetStar, business jet
L-1011 TriStar, wide-body airliner

Military transports
C-69/C-121, military transport versions of the Constellation
Lockheed R6V Constitution, large transport aircraft
C-130 Hercules, medium combat transport (AC-130 gunship) (other variants)
C-141 Starlifter, long-range jet transport
C-5 Galaxy, heavy transport

Fighters
P-38 Lightning, twin-engine counter-rotating propeller fighter
P-80 Shooting Star, the United States Air Force's first operational jet fighter
T-33 Shooting Star, trainer jet
F-94 Starfire, all-weather fighter
F-104 Starfighter, multi-mission fighter, the "missile with a man in it"
F-117 Nighthawk, "stealth fighter" attack aircraft
F-16 Fighting Falcon, multirole fighter (Originally General Dynamics)
F-22 Raptor, air superiority stealth fighter

Patrol and reconnaissance
Lockheed Hudson, maritime patrol/bomber
PV-1 Ventura and PV-2 Harpoon, Maritime patrol/bomber
P-2 Neptune, maritime patrol
P-3 Orion, ASW patrol
Lockheed U-2, reconnaissance (TR-1)
SR-71 Blackbird, reconnaissance (A-12) (M-21) (YF-12)
S-3 Viking, patrol/attack
YO-3A Quiet Star

Helicopters
CL-475, rigid-rotor helicopter
XH-51A/B (Lockheed CL-595/Model 286), compound helicopter testbed
AH-56 Cheyenne, prototype attack compound helicopter

Missiles
Polaris
Poseidon
Trident

Space technology
X-7
X-17
L-301
Corona
Agena
Apollo Launch Escape System
Hubble Space Telescope

Sea vesselsSea Shadow

http://en.wikipedia.org/wiki/Lockheed_Corporation