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Lockheed Buys IT Firm Amor Group for Intl Expansion Strategy; Marillyn Hewson Comments

lockheed martinLockheed Martin (NYSE: LMT) has acquired Scotland-based information technology services provider Amor Group for an undisclosed amount in a move aimed at diversifying Lockheed’s IT portfolio.

Amor Group focuses on the energy, transportation and public services sectors and built the Chroma Airport suite that works to manage aircraft movements and monitor the flow of passengers every year, Lockheed Martin said Wednesday.

Marillyn Hewson, Lockheed Martin CEO and president, said the acquisition is part of the company’s strategy for Lockheed Martin International and goal to grow in the civil government services and energy markets.

Lockheed also intends for the purchase to complement its work with the U.S. Federal Aviation Administration and other aviation customers worldwide.

More than 500 employees work at Amor Group in seven U.K. facilities and in 15 other countries.

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