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UNITECH acquired by Lockheed Martin

Dec. 29, 2008 at 10:45 AM   |   Comments

BETHESDA, Md., Dec. 29 (UPI) -- U.S. company Lockheed Martin has agreed to purchase defense and homeland security training solutions developer Universal Systems & Technology Inc.

The definitive agreement Lockheed Martin has entered into to acquire UNITECH is part of the company's initiative to address a growing demand in training and operational readiness capabilities.

UNITECH offers the U.S. Defense and Homeland Security departments, among other government agencies, interactive training and simulation for three-dimensional weapons simulations and security strategies along with other training services.

"The acquisition of UNITECH positions Lockheed Martin to benefit from increasing demand for operational readiness, training and support, and extends our capabilities and relationships with several key customers," Bob Stevens, Lockheed Martin chairman, president and chief executive officer, said in a statement.

© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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