i3 has entered into a definitive agreement with Lockheed Martin for its acquisition of the i3 Hypersonics Portfolio. Subject to the satisfaction of customary closing conditions, the transaction is expected to close in approximately 30 days. i3 recognizes Lockheed Martin as an emerging leader in hypersonic technology; Lockheed Martin’s resources, in partnership with i3’s Hypersonic Portfolio, will provide an unprecedented capability to assist the Nation in furthering strategic solutions.
i3 will continue its mission of growing people while solving the Nation’s toughest problems with its remaining three portfolios Cyber Systems Engineering (CSE), Intelligence C5ISR Aviation Services (ICAS), Virtual Training Simulation & Gaming (VTSG) and their team members located around the world.
Houlihan Lokey served as the exclusive financial advisor to i3 and Maynard Cooper & Gale served as legal advisor.