LM Acquires Amor Group
Lockheed Martin [NYSE: LMT] announced the acquisition of Amor Group, a United Kingdom-based company specializing in information technology solutions for the energy, transport and public services sectors. Terms of the agreement were not disclosed.
“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,” said Lockheed Martin CEO and President Marillyn Hewson. “We’re pleased to welcome the talented Amor Group team to Lockheed Martin and look forward to offering these new technologies to our global customers.”
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Amor Group is a privately held company with more than 500 employees across seven facilities in the United Kingdom and a presence in 15 additional countries. The company’s products help oil and gas operators protect production assets; its unique systems ensure the effective operation of airports; and its approach to information and communications technology delivers important services for UK citizens. It is headquartered in Glasgow, Scotland.
“Amor Group is focused on delivering business critical outcomes for global oil and gas operators, international airports and UK government departments and agencies,” said Amor Group CEO John Innes. “Our success is a direct result of our talented and dedicated employees and we’re excited that this combination will enable us to continue to expand our reach and grow our business.”
For its Transportation customers, Amor Group has developed a suite of solutions, Chroma Airport Suite, which is operational at more than 75 airports worldwide and manages more than 3 million aircraft movements and tracks 700 million passengers a year. This complements Lockheed Martin’s work with the U.S. Federal Aviation Administration and several global customers.
Source : Lockheed Martin Corporation (NYSE: LMT)