Lockheed Abandons Plan to Buy Titan Corporation

Aerospace giant Lockheed Martin all but scraps plans to buy Titan Corporation for $1.6 billion. Lockheed says it is unwilling to wait any longer for the outcome of a Justice Department probe into alleged bribery at Titan. The deal's apparent collapse may also reflect bad publicity Titan received after two of its translators were named in connection with abuses at Abu Ghraib. Hear NPR's Laura Sydell.

Copyright © 2004 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

Copyright © 2004 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.