Lockheed Martin, Evans & Sutherland Settle Termination Suit

Monday, May 13, 2002
Lockheed Martin Corp. and Evans & Sutherland Computer Corp. have settled a lawsuit and agreed to reinvigorate their business relationship. The lawsuit arose from Lockheed Martin Information Systems' May 2000 termination of Evans & Sutherland as subcontractor on a simulation and training program for an international government customer. Under the settlement, Lockheed Martin will convert the termination to a termination for convenience. In addition, the two companies will jointly explore opportunities to collaborate on future simulation and training programs for government customers. Financial terms of the settlement are confidential by agreement of both parties. "We are very pleased with this result," said James Oyler, president and chief executive officer of Evans & Sutherland. "We have fully resolved our differences with Lockheed Martin, which is good for both companies and even better for our mutual customers. Now we can work together to pursue our customers' interests without the distraction of litigation." "Our companies' ability to resolve business differences underscores our commitment to devise and deliver training solutions that support the critical missions of our military customers," said John Hallal, president of Lockheed Martin Information Systems. "I am delighted that we will once again seek to work together in the best interests of our customers."
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Northern Fleet to Conduct Anti-terrorist Exercises

The sailors of the Northern Fleet will conduct anti-terrorism exercises at Novaya Zemlya. During the exercise, the coast will be a landing. The landing will

MECNW Appoints New CEO

Terry Weston has been confirmed as Chief Executive of Maritime and Engineering College North West (MECNW) following the retirement of his predecessor, Jim Teasdale, at the end of September.

MacGregor's Deck Machinery for Sentinel Marine ERRV

MacGregor, part of Cargotec, will supply deck machinery for a new 65m emergency rescue & response vessel (ERRV) for Sentinel Marine. The ship has been designed


PCCI to Provide Revised Crane Load Chart

PCCI, Inc. of Alexandria, Virginia, was awarded a contract by the Department of Transportation/U.S. Maritime Administration (MARAD) to provide a new, revised

Finland Scraps LNG Terminal Plan

Finnish gas utility Gasum has abandoned its plans to build the Finngulf liquefied natural gas  (LNG) import terminal in Finland with an offshore pipeline connection

Azerbaijan to Get New Passenger Vessel This Year-end

Azerbaijan Caspian Shipping Company  expects to get the first of the three passenger vessels being built currently at the Baku Shipbuilding & Repair Plant (Baku Shipyard LLC) until the end of 2015,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0981 sec (10 req/sec)