Super Lawyers
The top Attorneys in Virginia and
the Washington, D.C. metropolitan
area, only 5% of the attorneys
in the state are named in SuperLawyers
ATA NBTA | The National Board of Trial Advocacy Association of Trial Lawyers of America Virginia Trial Lawyers Association National Asociation of Distinguished Counsel | Nation's Top One Percent | NADC

Lockheed swoops up another business

Lockheed Martin Corporation, like other defense businesses around the nation, has suffered from a business freeze. However, that could be changing nationally as mergers are now stepping up and acquisitions are increasing. Lockheed participated in another deal in June of this year, the fourth such acquisition in recent months, when it purchased the Fairfax, Virginia, company Zeta Associates, Inc., which has approximately 350 employees.

Lockheed is focusing on the purchase of companies in different industry segments, and instead of integrating these companies, they are continuing to operate independently. However, Lockheed is intentional about its purchases and focusing on markets that are growing. In some cases, it is acquiring businesses in order to take advantage of services the companies provide that Lockheed previously would have had to pay a subcontractor to perform.

The most recent acquisition brings a company with technological capabilities for electronic data in order to eliminate the need for an outside provider to perform this needed service. The previous acquisition was a business that designs optical coatings that Lockheed now uses in its aeronautics division. Two prior acquisitions enabled the company to take advantage of the forecasting and satellite launch prep services of the acquired businesses. All of these complement industries in which Lockheed already has an established presence. This helps reduce their overhead as they can use their own providers for necessary services.

As the pace of mergers and acquisitions increases, the assistance of a business law attorney can be invaluable for both the acquiring company as well as the target. Due diligence as well as the negotiation of acquisition documents often require the input of such an attorney.

Source: Albany Business Review, "Lockheed Martin is acquiring another company. Here's what its buying spree is all about", Jill R. Aitoro, June 30, 2014

No Comments

Leave a comment
Comment Information

DISCLAIMER: This website is designed to provide only general information; nothing contained herein constitutes legal advice nor is it an offer of legal representation. Use of this website is not intended in any way to create or convey the impression that such use of the website by any person, organization, or entity of any nature and/or kind constitutes any attorney-client relationship whatsoever and any information provided in this website shall not constitute legal advice. The use of any electronic communication available through this website with the Law Office of Richard L. Downey or any person associated with this website shall not constitute attorney-client relationship nor will any communication received by the Law Office of Richard L. Downey constitute an attorney-client communication. The Law Office of Richard L. Downey cannot make any guarantees as to the accuracy or currency of any information contained in or created in this website or the use of any link to another website contained in this website. The information that you obtain at this website is not, nor is it intended to be legal advice. You should consult a lawyer for individual advice concerning your own particular situation.

*The National Board of Trial Advocacy is accredited by the American Bar Association. Currently there is no procedure in the Commonwealth of Virginia for approving certifying organizations.