Lockheed Martin to Acquire i3 Hypersonics Portfolio

14.10.2020 North America
Lockheed Martin to Acquire i3 Hypersonics Portfolio

Lockheed Martin to Acquire i3 Hypersonics Portfolio

Facebook icon
Twitter icon
LinkedIn icon
Google icon
e-mail icon

Lockheed Martin announced the signing 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,” he added.

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. 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,” said Mike Wicks, CEO at i3.

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 Lockheed Martin’s Space business area.

i3 said it will continue its mission of solving the Nation’s toughest problems with its remaining three portfolios Cyber Systems Engineering (CSE), Intelligence C5ISR Aviation Services (ICAS), Virtual Training Simulation & Gaming (VTSG) and their team members located around the world.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

 
 



Latest Issue

Latest events

 

THE WORLD DEFENCE ALMANAC 2021