Lockheed Martin UK Holdings
, a subsidiary of
Lockheed Martinhas entered into an agreement to acquire INSYS Group, a UK-based supplier of military communications systems, weapons systems and advanced analysis services.
Headquartered in Ampthill, Bedfordshire, INSYS' specialises in advanced concept analysis, modelling and simulation services, plus the development and production of combat and communication systems.
"The INSYS acquisition expands our Corporation's commitment in the
Lockheed Martin UK Holdings, located in
, will manage the INSYS business, in co-ordination with Lockheed Martin Electronic Systems, based in
. Terms of the transaction were not disclosed. Following satisfaction of customary conditions, closing is expected later this year.
Comment: The UK is closer to deindustrialisation than reindustrialisation
"..have been years in the making" and are embedded in the actors - thus making it difficult for UK industry to move on and develop and apply...