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Lockheed Martin UK Acquisition Strengthens Military Vehicle Design Capabilities

by Staff Writers
Bethesda MD (SPX) Jan 26, 2006
Lockheed Martin UK Holdings has acquired HMT Vehicles, a United Kingdom-based developer of designs for military vehicles.

HMT Vehicles (HMT) is a privately owned company that has funded the development for innovative designs that have been incorporated into light to medium high mobility wheeled military vehicles in the U.S. and U.K.

HMT owns and licenses the intellectual property associated with these designs.

Vehicles incorporating HMT's designs are used as platforms for weapons programs such as the Lightweight Mobile Artillery Weapons System and the Soothsayer electronic warfare programs in the UK. Lockheed Martin plans on incorporating HMT's designs into its vehicles for U.S. programs such as the Lightweight Prime Mover program and the U.S. Army's Future Tactical Truck System (FTTS).

Lockheed Martin UK Holdings, located in London, will manage the HMT Vehicle business in coordination with Lockheed Martin Systems Integration, based in Owego, NY.

"The HMT acquisition aligns with the Corporation's cash deployment strategy of acquiring companies that enhance our core focus areas and position us for future growth," said Bob Stevens, Lockheed Martin Chairman, President and Chief Executive Officer.

"HMT's highly innovative vehicle designs will enhance the functionality of Lockheed Martin's vehicle products, which will benefit our customers and the critical missions they support worldwide." Terms of the transaction were not disclosed.

Related Links
Lockheed Martin UK

25,000 Weapons Turned In During Sierra Leone Disarmament
Freetown (AFP) Jan 25, 2006
More than 25,000 guns believed to have been used in Sierra Leone's 10-year civil war were turned in to security agencies by rival sides during a disarmament process that ended in 2002, an action group said Wednesday.







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