Wärtsilä Lips Changes Name
Monday, February 25, 2008
Wärtsilä Lips, Inc., based in Chesapeake, Va., and a wholly-owned subsidiary of Wärtsilä Corporation (Helsinki, Finland), announced that effective February 6, 2008, it will operate under the name Wärtsilä Defense, Inc. The corporate name change helps channel the focus of Wärtsilä Defense to homeland defense and naval clientele within the United States and supports the global market segmentation approach announced September 26, 2007, within the Wärtsilä Corporation, Ship Power organization.