Lockheed Martin UK Holdings, Ltd., a subsidiary of Lockheed Martin Corporation , has completed its acquisition of INSYS Group Limited, a UK-based diversified integrator of military communications systems, weapons systems and advanced future concepts development.

The newly acquired company will be named Lockheed Martin UK INSYS Limited and will remain headquartered in Ampthill, Bedfordshire. Lockheed Martin UK Holdings, Ltd., located in London, will manage the INSYS business in coordination with Lockheed Martin Electronic Systems, based in Bethesda, Md.

The acquisition was originally announced Aug. 16, 2005. Terms of the transaction were not disclosed.

Headquartered in Bethesda, Md., Lockheed Martin employs about 135,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The corporation reported 2004 sales of $35.5 billion.

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SOURCE: Lockheed Martin