Lockheed's prospects stirring on 2 fronts

Maryland Watch

September 24, 1996

Defense giant Lockheed Martin Corp. of Bethesda was in the news yesterday on a couple of fronts involving nondefense business.

First, the company announced the formation of an alliance with several firms to promote wireless technology in business computer use. Then the Associated Press reported that Lockheed Martin is one of two corporations in line to purchase an automated mail-sorting business from the German company Daimler-Benz AG.

Lockheed Martin Information Systems & Technologies, based in King of Prussia, Pa., formed the Mobile Computing Alliance with four other companies around the country. The team will build a lab in Atlanta to explore linking computers via wireless networks.

A German magazine first reported that Lockheed Martin and Siemens, another big German company, were dueling over the subsidiary of Daimler-Benz, which had no comment.

"As a matter of policy, we never address potential acquisitions or divestitures," said Lockheed Martin spokesman Charles P. Manor III. "Postal equipment is not among current Lockheed Martin core businesses," he added.

Pub Date: 9/24/96

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