BETHESDA, Md., June 30 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation 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.
Headquartered in Bethesda, Md., Lockheed Martin employs about 135,000 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 2005 sales of $37.2 billion.
For additional information, visit our web site: http://www.lockheedmartin.com/.
