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December 15, 2004

Lockheed Martin buys UK consultant Stasys

Lockheed Martin Corp, the largest IT contractor to the US government sector, is to acquire Stasys Ltd, a UK-based company that specializes in the defense sector. Financial terms of the deal were not disclosed.

By CBR Staff Writer

Stasys is based in Farnham, UK, and has 200 employees that provide tactical data link integration, requirements management, modeling and simulation, and air traffic management consulting.

Stasys will be rolled into the Gaithersburg, Maryland-based Lockheed Martin Integrated Systems & Solutions division, and Stasys employees will report to the Lockheed Martin UK wholly owned subsidiary.

Lockheed Martin has yet to build up a significant presence in the European IT services sector. In September 2003, the company pulled out of the bidding for a share of the UK National Health Service’s multi-billion-dollar modernization program.

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