Lockheed to Acquire OAO

By John Moore  |  Posted 2001-10-26 Print this article Print

Agrees to purchase outstanding stock of federal integrator.

Lockheed Martin Technology Services Friday announced an agreement to acquire the outstanding stock of federal integrator OAO Corp.

Terms of the deal were not disclosed. OAO, based in Greenbelt, Md., employs more than 2,000 people and generated more than $200 million in revenue in 2000.

Lockheed Martin Technology Services plans to combine one of its companies, Lockheed Martin Information Support Services, with OAO to form a new organization targeting the federal information technology market.

John writes the Contract Watch column and his own column for the Channel Insider.

John has covered the information-technology industry for 15 years, focusing on government issues, systems integrators, resellers and channel activities. Prior to working with Channel Insider, he was an editor at Smart Partner, and a department editor at Federal Computer Week, a newspaper covering federal information technology. At Federal Computer Week, John covered federal contractors and compiled the publication's annual ranking of the market's top 25 integrators. John also was a senior editor in the Washington, D.C., bureau of Computer Systems News.


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