Lockheed Martin Completes Acquisition of Eagle Group International, LLC
Bethesda, MD, 05/23/2008 -- Lockheed Martin [NYSE:LMT] has completed its acquisition of Atlanta, Georgia based Eagle Group International, LLC. Eagle Group provides logistics, information technology, training and healthcare services to the U.S. Department of Defense.
Founded in 1995, Eagle Group employs more than 1,350 people. Its proven capabilities in military readiness and integrated logistics, healthcare program management and outsourcing, information technology, and training services have enabled it to develop a reputation for outstanding support of its customers' critical missions. Eagle's revenue is generated mainly from work done for the U.S. Army.
The acquisition was originally announced April 28, 2008. All obligations associated with Eagle Group's U.S. Department of Labor Job Corp Contract were excluded from the transaction. Other terms of the transaction were not disclosed.
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 2007 sales of $41.9 billion.