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Business/Financial

Lockheed Martin To Sell Two Business Units

DDN

Thursday, June 3rd, 2010

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By Calvin Biesecker Lockheed Martin [LMT] yesterday said it plans to sell two of its business units, one to avoid organizational conflicts of interest with work the company does with the Defense Department and the other because its customer's needs don't jibe with the company's long-term strategy. The Enterprise Integration Group (EIG) and Pacific Architects and Engineers, Inc. (PAE), the two units up for sale, are part of the Information Systems & Global Solutions (IS&GS) business area. The two units…

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