Lockheed Martin Information Systems News

Lockheed Martin, Evans & Sutherland Settle Termination Suit

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.