Hogan Lovells Reps Lockheed In $815M EIG Deal

Law360, New York (October 13, 2010, 3:02 PM EDT) -- Lockheed Martin Corp. has agreed to sell its Enterprise Integration Group Inc. unit to private equity firm Veritas Capital for $815 million as it seeks to avoid running afoul of the U.S. government's upcoming rules on organizational conflicts of interest.

The aerospace giant announced the deal Wednesday, making it the latest defense contractor to divest its systems engineering and technical assistance unit as the government prepares final regulations that are expected to take a hard line on OCIs.

Lockheed said June 2 it would divest EIG,...
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