Lockheed Martin Acquires PAE
September 6, 2006
Lockheed Martin Corp. acquired Pacific Architects and Engineers Inc., which provides services supporting military and peacekeeping missions worldwide. Terms of the cash transaction were not disclosed.
PAE of Los Angeles specializes in nation-building activities, personnel recruitment, and training and disaster relief services. It will become a wholly owned subsidiary of Lockheed Martin’s IT services segment.
Related News
Gangs Unite and Attack Haiti Port
US Says New Chinese Submarine Sank Earlier This Year
Britain's New Shipping Sanctions Take Aim at Russian LNG Sector
Shippers Race to Find Alternatives as US Port Strike Looms
Containership Dali Leaves US for Chinese Repair Yard