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 Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


U.S. Ups Philippines Aid as South China Sea Turmoil Builds

The United States has raised its military aid to the Philippines this year to $79 million, the U.S. ambassador said on Wednesday, as tension rises in the region

BWM Convention Doesn't Resolve U.S. Issues - ICS

ICS notes that the IMO Secretary General has announced that the Ballast Water Management Convention will enter into force worldwide from 24 November 2016, following

Maritime Cook Islands Expands Network to India

Maritime Cook Islands (“MCI”), the leading ship registry, has recently established its presence in India with the appointment of two deputy registrars (“DR”),


Available: 300 Free Systems; Wanted: 300 Ships

Which will be the first 300 ships in the world to test and validate Sea Traffic Management (STM) with updated systems free-of-charge?   As the shipping domain

Asia Fuel Oil-Cracks, Spreads Tight; Bunker Prices Climb

Asia's fuel oil crack for benchmark 180-centistroke rebounded to a discount of $6.79 a barrel on Wednesday, gaining as bunker prices firmed on the possibility of

Egypt to Complete East Port Said Side Channel in 2016

Egypt plans to complete a side channel in East Port Said, near the Suez Canal, that would speed up shipping and allow ships direct entry into the port by the end of June 2016,

Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Simulators 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: 0.0580 sec (17 req/sec)