Lockheed Martin Makes an Acquisition

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Lockheed Martin has reached across the Atlantic for its latest acquisition. The company announced that it has bought Amor Group, a U.K.-based, privately held IT company that specializes in the energy, transport, and public services sectors. The terms of the deal were not made public.

Amor Group has more than 500 employees housed in seven facilities across the U.K., including its headquarters in Glasgow, Scotland. The firm has a presence in another 15 countries. It will be folded into its new parent's information systems and global solutions unit.

In the press release heralding the news, the defense giant quoted its CEO, Marilyn Hewson, as saying the acquisition "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."

The article Lockheed Martin Makes an Acquisition originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Lockheed Martin. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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