Lockheed completes purchase of Management Systems Designers

Lockheed Martin completed its purchase Feb. 1 of Management Systems Designers (MSD), a Fairfax, Va.-based provider of information technology and scientific solutions. Terms of the transaction were not disclosed in the announcement. The acquisition was originally announced on Dec. 21, 2006. MSD specializes in systems design, development and integration; systems engineering; application support; professional services; management consulting, and specialized health and bioinformatics services. Lockheed Martin said almost all of MSD’s revenue comes from civilian agency customers such as the National Institutes of Health. Other customers include the Internal Revenue Service, the Homeland Security and Defense departments, and intelligence agencies. Lockheed Martin said the acquisition will enable it to combine its systems engineering and integration capabilities with MSD’s health care and other domain credentials to develop enhanced solutions for a large customer base. MSD and its more than 600 employees will become part of Lockheed Martin’s Integrated Systems & Solutions Business Area.