 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Lockheed Martin UK Acquisition Strengthens Military Vehicle Design Capabilities
Bethesda MD (SPX) Jan 26, 2006 Lockheed Martin UK Holdings has acquired HMT Vehicles, a United Kingdom-based developer of designs for military vehicles. HMT Vehicles (HMT) is a privately owned company that has funded the development for innovative designs that have been incorporated into light to medium high mobility wheeled military vehicles in the U.S. and U.K. HMT owns and licenses the intellectual property associated with these designs. Vehicles incorporating HMT's designs are used as platforms for weapons programs such as the Lightweight Mobile Artillery Weapons System and the Soothsayer electronic warfare programs in the UK. Lockheed Martin plans on incorporating HMT's designs into its vehicles for U.S. programs such as the Lightweight Prime Mover program and the U.S. Army's Future Tactical Truck System (FTTS). Lockheed Martin UK Holdings, located in London, will manage the HMT Vehicle business in coordination with Lockheed Martin Systems Integration, based in Owego, NY. "The HMT acquisition aligns with the Corporation's cash deployment strategy of acquiring companies that enhance our core focus areas and position us for future growth," said Bob Stevens, Lockheed Martin Chairman, President and Chief Executive Officer. "HMT's highly innovative vehicle designs will enhance the functionality of Lockheed Martin's vehicle products, which will benefit our customers and the critical missions they support worldwide." Terms of the transaction were not disclosed. Community Email This Article Comment On This Article Related Links Lockheed Martin UK The Military Industrial Complex at SpaceWar.com Learn about the Superpowers of the 21st Century at SpaceWar.com
Russian Arms Export Tops $6Bn In 2005
Moscow, Russia (XNA) Jan 24, 2006Russian exports of weapons totaled 6 billion U.S. dollars in 2005, rising by a half billion dollars from the previous year, Defense Minister Sergei Ivanov said on Wednesday. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
