ViaSat to Acquire Products Group from Lockheed Martin Global Telecommunications.(Brief Article)

From: Wireless Satellite and Broadcasting Newsletter | Date: August 1, 2001 | Copyright information

Lockheed Martin Global Telecommunications (LMGT) and ViaSat announced that they have signed an agreement under which ViaSat will acquire LMGT's Products business for cash and stock.

The acquisition, which will augment ViaSat's position in its core satellite networks and communications systems business, is subject to customary closing conditions and is expected to close during the third calendar quarter of 2001.

Financial terms of the transaction were not disclosed.

The LMGT Products unit specializes in broadband satellite network ...

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