Friday 27 November 2020

US-based security and aerospace company Lockheed Martin (NYSE: LMT) has closed its acquisition of the Hypersonics portfolio of US-based software and systems engineering company Integration Innovation Inc., the company said.

This acquisition expands Lockheed Martin's capabilities to design, develop and product integrated hypersonic weapon systems for its customers.

Mike Wicks, the former CEO of i3, has been named vice president of the Hypersonic Engineering and Accelerated Technologies program within the Hypersonic Strike Portfolio for Lockheed Martin Space.

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.