Bethesda-based Lockheed Martin Corporation (NYSE: LMT) has completed its acquisition of QTC Holdings Inc moving deeper into the healthcare industry.
Lockheed Martin originally broadcasted the intent to purchase QTC Holdings on August 22, 2011. The terms of the acquisition were not disclosed.
Established in 1981, QTC Holdings Inc based in Diamond Bar, Ca., is the U.S. Department of Veterans Affairs largest supplier of outsourced medical evaluation services. The company processed more than 450,000 evaluations in 2010 using information technology case management software.
Lockheed Martin traded higher Tuesday to close at $74.27 a share, up $0.49 cents or 0.66%. The stock trading range for the day was between $73.71 and $75.23 a share.