Lockheed Martin STASYS Ltd2005-04-14 12:02:04
STASYS ACQUISITION COMPLETED
Farnham, 4 March 2005 - STASYS' new Board officially met for the first time on 28 February 2005 on completion of the acquisition of STASYS Limited by Lockheed Martin Corporation. Julian Ranger, STASYS' Managing Director, and Stan Sloane, Executive Vice President of Lockheed Martin Integrated Systems and Solutions (IS&S), welcomed the move which was completed two months after the initial announcement of the purchase. Terms of the transaction were not disclosed.
The organisation will now be known as Lockheed Martin STASYS Limited and will be a wholly-owned subsidiary of Lockheed Martin UK Holdings Limited. Lockheed Martin IS&S - based in Gaithersburg, Maryland, USA - will manage all operational aspects of the business. STASYS Inc in the USA will be renamed Lockheed Martin STASYS Consulting Inc, and STASYS Australia will become Lockheed Martin STASYS Australia Pty Limited.
STASYS will carry on providing high-quality impartial and pragmatic advice to its Customers around the world, and will be able to benefit from Lockheed Martin's expertise and resources.
"This is an outstanding opportunity for our employees and our organisation,� said Julian Ranger, STASYS Managing Director and CEO. "We're excited about joining the Lockheed Martin team, and we're confident this will be a win-win for our customers and our employees.�
"We're very pleased to welcome STASYS to the Lockheed Martin team,� said Bob Stevens, Lockheed Martin's President and Chief Executive Officer. "Completing this acquisition marks another step forward in our long-term strategy of strengthening our core competencies through disciplined investment. It also enhances our presence in the UK, and reiterates our commitment to our international customers. STASYS expands our ability to deliver sophisticated network-enabled solutions in the international arena.�
STASYS is delighted with this move and looks forward to new exciting opportunities within the World's largest Defence Company.
Farnham, 4 March 2005 - STASYS' new Board officially met for the first time on 28 February 2005 on completion of the acquisition of STASYS Limited by Lockheed Martin Corporation. Julian Ranger, STASYS' Managing Director, and Stan Sloane, Executive Vice President of Lockheed Martin Integrated Systems and Solutions (IS&S), welcomed the move which was completed two months after the initial announcement of the purchase. Terms of the transaction were not disclosed.
The organisation will now be known as Lockheed Martin STASYS Limited and will be a wholly-owned subsidiary of Lockheed Martin UK Holdings Limited. Lockheed Martin IS&S - based in Gaithersburg, Maryland, USA - will manage all operational aspects of the business. STASYS Inc in the USA will be renamed Lockheed Martin STASYS Consulting Inc, and STASYS Australia will become Lockheed Martin STASYS Australia Pty Limited.
STASYS will carry on providing high-quality impartial and pragmatic advice to its Customers around the world, and will be able to benefit from Lockheed Martin's expertise and resources.
"This is an outstanding opportunity for our employees and our organisation,� said Julian Ranger, STASYS Managing Director and CEO. "We're excited about joining the Lockheed Martin team, and we're confident this will be a win-win for our customers and our employees.�
"We're very pleased to welcome STASYS to the Lockheed Martin team,� said Bob Stevens, Lockheed Martin's President and Chief Executive Officer. "Completing this acquisition marks another step forward in our long-term strategy of strengthening our core competencies through disciplined investment. It also enhances our presence in the UK, and reiterates our commitment to our international customers. STASYS expands our ability to deliver sophisticated network-enabled solutions in the international arena.�
STASYS is delighted with this move and looks forward to new exciting opportunities within the World's largest Defence Company.
For more information contact:
Fosse House
East Anton Court
Icknield Way
Andover
SP10 5RG
United Kingdom
Tel: +44 (0)1264 723000
Fax: +44 (0)1264 723001
