Lockheed Martin Completes Acquisition Of Zeta Associates

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Aug 18, 2014, 03:30 ET

BETHESDA, Md., Aug. 18, 2014 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has completed the acquisition of Zeta Associates, Inc.

Founded in 1984, Zeta Associates specializes in technology that powers critical national security missions. Their highly-skilled workforce focuses on leading-edge software, communications and ground systems innovation to solve complex mission challenges. Zeta is headquartered in Fairfax, Virginia and has operations in Denver, Colorado, as well as customer locations.

Zeta will be a wholly-owned subsidiary of Lockheed Martin reporting through the Corporation's Space Systems business area.

The Zeta acquisition was originally announced June 30, 2014. The terms of the transaction are not material to Lockheed Martin.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2013 were $45.4 billion.

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SOURCE Lockheed Martin