1 July 2014
Lockheed Martin (NYSE: LMT) said it has entered into a definitive agreement to acquire Zeta Associates, Inc., a leader in the systems that enable efficient collection, processing, safeguarding and dissemination of critical information for intelligence and defense communities.
The terms of the agreement were not disclosed and are not material to Lockheed Martin.
Subject to the satisfaction of customary closing conditions, the transaction is expected to close in the third quarter of 2014. Upon closing, Zeta Associates will be a wholly-owned subsidiary of Lockheed Martin reporting through the corporation´s Space Systems business area.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products and services. Its website is at http://www.lockheedmartin.com.