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With Plenty Of Buyer Interest, Lockheed Martin Sees Brief Delay In Disposal Of IT Business

Cal Biesecker By
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With Plenty Of Buyer Interest, Lockheed Martin Sees Brief Delay In Disposal Of IT Business
Lockheed Martin Chief Financial Officer Bruce Tanner. Photo: Lockheed Martin

Lockheed Martin [LMT] has received more interest than expected in its federal information technology services business that it put on the market in July and now expects to announce a sale of the business sometime in the first quarter of 2016 rather than be the end of this year, a top company executive said on Wednesday.There has been “very high interest” in the IT business, “not sort of kicking the tires interest” but “real live buyers’ interest,” Bruce Tanner, Lockheed…

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