M&A Deal Summary

Lockheed Martin Acquires HMT Vehicles

On January 23, 2006, Lockheed Martin acquired defense company HMT Vehicles

Acquisition Highlights
  • This is Lockheed Martin’s 4th transaction in the Defense sector.
  • This is Lockheed Martin’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2006-01-23
Target HMT Vehicles
Sector Defense
Buyer(s) Lockheed Martin
Deal Type Add-on Acquisition

Target

HMT Vehicles

Bristol, United Kingdom
HMT Vehicles Ltd. is a developer of designs for military vehicles. HMT Vehicles has funded the development for innovative designs that have been incorporated into light to medium high mobility wheeled military vehicles in the US and UK. HMT owns and licenses the intellectual property associated with these designs. Vehicles incorporating HMT's designs are used as platforms for weapons programs such as the Lightweight Mobile Artillery Weapons System and the Soothsayer electronic warfare programs in the UK.

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Buyer(S) 1

Buyer

Lockheed Martin

Bethesda, Maryland, United States

Category Company
Founded 1912
Sector Aerospace
Employees122,000
Revenue 67.6B USD (2023)
DESCRIPTION
Entrance to Lockheed Martin's corporate campus in Bethesda, Maryland.
Entrance to Lockheed Martin's corporate campus in Bethesda, Maryland.

Lockheed Martin is an aerospace and defense company that engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products worldwide. Lockheed Martin was established in 1912 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 6 of 28
Sector (Defense) 4 of 8
Type (Add-on Acquisition) 4 of 23
Country (United Kingdom) 3 of 5
Year (2006) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-16 INSYS Group Limited

Ampthill, United Kingdom

INSYS Group Limited is a U.K.-based diversified supplier of military communications systems, weapons systems and advanced analysis services. INSYS is a respected supplier to the U.K.'s Ministry of Defense, participating in a broad array of programs including advanced weapons and communications systems, missile defense and integrated biological detection systems.

Buy £42M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-04 Savi Technology

Alexandria, Virginia, United States

Savi Technology, Inc. is a provider of RFID solutions that deliver value through real-time visibility, asset management, shipment management, inventory optimization, and global supply chain security.

Buy -