Lockheed Martin has signed of a definitive agreement to acquire a portion of Integration Innovation Inc. (i3), a software and systems engineering company based in Huntsville, Alabama. The portfolio alignment between i3 and Lockheed Martin provides the opportunity to design and deliver hypersonic-specific technology solutions that benefit the warfighter.
"Our customers require the most forward-thinking, advanced technology that anticipates and addresses their national security requirements. This business combination not only reinforces our commitment to their missions, but also expands our portfolio in a strategic way," said Eric Scherff, vice president of Hypersonic Strike Programs at Lockheed Martin.
"Combining i3's talent and domain expertise with our shared vision for hypersonic strike will expand how we think about and deliver this critical capability to the warfighter across domains."
i3's hypersonic strike and defense business set offers strategic solutions to U.S. Government and commercial customers. Adding i3's talent and expertise to the Lockheed Martin portfolio will expand capabilities for customers across several mission areas and national security needs, while also allowing for more integrated solutions.
"We're proud to be a part of the Lockheed Martin family, as they are a technology authority and employ some of the best and brightest in the industry," said Mike Wicks, CEO at i3.
"We have invested much time and energy into developing strategic solutions at i3. And, we're finding the need to synergize these offerings with Lockheed Martin is more timely than ever and unlocks the value to our joint customers."
Subject to the satisfaction of customary closing conditions, the transaction is expected to close in approximately 30 days. Upon closing, i3's Hypersonics portfolio will be managed by the corporation's Space business area.
Related Links
Lockheed Martin
Rocket Science News at Space-Travel.Com
| Thanks for being there; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution. |
||
| SpaceDaily Monthly Supporter $5+ Billed Monthly |
 |
SpaceDaily Contributor $5 Billed Once credit card or paypal |
Elon Musk commends Russia's Roscosmos for working on reusable space rocket
Moscow (Sputnik) Oct 07, 2020
SpaceX CEO Elon Musk has described the development of the Amur methane-powered rocket of Russia's state space corporation Roscosmos as a "step in the right direction." Elon Musk wrote in a Twitter reply, recommending to set an aim for "full reusability". Reusability is the hottest trend of the space rocket manufacturing now. Its key purpose is to reduce the launch costs. Russia at this point has no own reusable carrier rockets. By "full reusability" Musk could be meaning the multiple u ... read more
from Military Space News, Nuclear Weapons, Missile Defense https://ift.tt/33L0XUW
via space News
No comments: