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M&A Deal Summary

Lockheed Martin Acquires Imes Strategic Support

On April 30, 2009, Lockheed Martin acquired defense company Imes Strategic Support from Imes Group

Acquisition Highlights
  • This is Lockheed Martin’s 7th transaction in the Defense sector.
  • This is Lockheed Martin’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2009-04-30
Target Imes Strategic Support
Sector Defense
Buyer(s) Lockheed Martin
Sellers(s) Imes Group
Deal Type Divestiture

Target

Imes Strategic Support

Edinburgh, United Kingdom
ISSL provides engineering, maintenance, repair, and support services for key sub-systems of the UK Royal Navy's Trident Strategic Weapons System program at HM Naval Base Clyde in Scotland with additional activities within the Devonport Dockyard in Plymouth, the Defence Equipment and Support (DE&S) Headquarters at Abbey Wood, Bristol and the United Kingdom Software Facility

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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 15 of 28
Sector (Defense) 7 of 8
Type (Divestiture) 1 of 2
Country (United Kingdom) 4 of 5
Year (2009) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-09 Universal Systems & Technology

Lake Mary, Florida, United States

UNITECH provides interactive training and simulation, homeland security, and technical solutions to the United States Army, Navy, Air Force, Marine Corps, Coast Guard, Department of Homeland Security, and other U.S. and international government agencies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-22 Lockheed Martin Gyrocam Systems

Sarasota, Florida, United States

Gyrocam, a privately owned company headquartered in Sarasota, Fla. with personnel in Washington, D.C., Iraq and Afghanistan, provides combat forces greater situational awareness in virtually all conditions with real-time reconnaissance and threat identification and tracking from safe, stand-off distances. The company's Intelligence, Surveillance and Reconnaissance (ISR) products are primarily in use on ground vehicles operated by the Army, Marine Corps and Air Force.

Buy -

Seller(S) 1

SELLER

Imes Group

Helensburgh, United Kingdom
Category Company
Founded 1994
Sector Engineering
DESCRIPTION

IMES Group, a privately held company based in Helensburgh, Scotland. It provides engineering services to defence industry.

DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2009) 1 of 1
Mergr

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