News & Events

October 13, 2010

Lockheed selling advisory unit for $815 million

Lockheed Martin Corp is selling a division that advises government agencies on weapons platforms for $815 million, responding to heightened Pentagon worries about potential organizational conflicts of interest. Lockheed decided to sell Enterprise Integration Group to private equity firm Veritas Capital as the Pentagon tightens rules aimed at removing potential conflicts of interest caused when contractors advise the government on weapons systems for which they end up bidding. More