Lockheed Martin Acquires 3Dsolve, Inc.
Bethesda, MD, 08/17/2007 -- Lockheed Martin Corporation [NYSE: LMT] announced it has acquired 3Dsolve, Inc. Terms of the transaction were not disclosed. 3Dsolve is a privately held company that creates simulation-based learning solutions for government, military and corporate applications. The company's innovative software tools assist clients with collaborative training utilizing interactive 3D graphics (aka, serious games). 3Dsolve's core competencies include multi-media, software engineering, digital artwork, instructional design and project management for use in state-of-the-art simulation learning solutions.
The acquisition of 3Dsolve will strengthen our ongoing initiatives in the rapidly growing training and simulation market, allowing us to provide a broader array of solutions and services to our expanding customer base, said Dale Bennett, President, Lockheed Martin Simulation, Training & Support (LM STS). This transaction represents a solid strategic fit for our business and will enable us to strengthen our core competencies, leverage the talents of our employee base and support Lockheed Martin Corporation's long-term strategy of value expansion.
3DSolve's employees and software products will remain based inCary, NC and become fully integrated into LM STS. LM STS, headquartered in Orlando, FL, is a preeminent supplier of simulation and training solutions, military logistics support and test equipment to the US government and international customers.
We are very pleased to join LM STS to address exciting opportunities. With our experience in gaming, visualization and training combined with Lockheed Martin's expertise and resources, we intend to be the leader in simulation-based learning, said Richard Boyd, CEO of 3Dsolve, now Director of the Lockheed Martin 3D Learning Systems.
Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 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 2006 sales of $39.6 billion.