Lockheed Martin Acquires Savi Technology for an Undisclosed Sum
Filed in archive Companies by gautam on May 05, 2006

According to Bob Stevens, Chairman, president and CEO, Lockheed Martin:
The acquisition of this innovative company is consistent with our strategy of making investments that significantly enhance the capabilities we can offer our customers.
Lockheed is planning to operate Savi as a wholly owned subsidiary under its integrated systems and solutions business based in Gaithersburg
. With shippers and retailers replacing barcode with RFID tags for tracking cargo and inventory, Lockheed has sensed the bright future of RFID and has certainly made an intelligent move.http://www.siliconvalley.com/mld/siliconvalley/news/local/14509527.htm
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