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Lockheed Makes $815 Million on EIG Divestiture

Lockheed Martin (NYSE: LMT) has received $815 million after divesting its Enterprise Integration Group business to Veritas Capital.

Lockheed said EIG provides system engineering, architecture and integration services and support to a broad range of government customers.

“As announced on June 2, the corporation’s plan to divest EIG was based on the U.S. government’s increased concerns about perceived organizational conflicts of interest, ” Lockheed said in a release.

“Divesting the business is intended to eliminate that perception and benefit customers, shareholders and employees.”

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