M&A Deal Summary

Lockheed Martin Acquires Sippican

On December 3, 2004, Lockheed Martin acquired defense company Sippican from The Carlyle Group

Acquisition Highlights
  • This is Lockheed Martin’s 2nd transaction in the Defense sector.
  • This is Lockheed Martin’s 3rd transaction in the United States.
  • This is Lockheed Martin’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2004-12-03
Target Sippican
Sector Defense
Buyer(s) Lockheed Martin
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target

Sippican

Marion, Massachusetts, United States
Sippican, Inc. is a designer and manufacturer of systems and associated expendable products for anti-ship missile defense, anti-submarine warfare training and specialized meteorological and oceanographic data gathering and processing.

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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 4 of 28
Sector (Defense) 2 of 8
Type (Add-on Acquisition) 2 of 23
State (Massachusetts) 1 of 2
Country (United States) 3 of 19
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 AWE Management

Hook, United Kingdom

AWE Management Ltd. manage the Atomic Weapons Establishment on behalf of the U.K. Ministry of Defence. The company specializes in nuclear operations, nuclear engineering, waste management and decommissioning, weapon systems research and development, aerospace and electronics production operations, change management, and private financing services.

Buy -
FOLLOWING 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

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 45 of 480
Sector (Defense) 1 of 2
Type (Add-on Acquisition) 22 of 197
State (Massachusetts) 2 of 9
Country (United States) 34 of 259
Year (2004) 21 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-30 Rhythm

Hamamatsu, Japan

Rhythm Corp. is an automotive parts manufacturer specializing in steering and suspension components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-04 Aircargo Communities

San Francisco, California, United States

Aircargo Communities Inc, also known as Air Cargo, Inc. offered its customers ready access on a nationwide basis to a range of ground transportation services.

Sell -
Mergr

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