Lockheed filing offers no further details on PAE sale

Lockheed Martin's 10Q filed yesterday failed to inform us any further about the terms of the PAE sale. They reported a loss of $18M from discontinued operations, but this is lumped with the EIG sale as well, and not much else but the following note in terms of details:

Earnings (Loss) from Discontinued Operations

Discontinued operations included the operating results for Pacific Architects and Engineers, Inc. (PAE) for all periods presented and those of Enterprise Integration Group (EIG) for the first quarter of 2010. The Corporation closed on its sale of PAE in the second quarter on April 4, 2011 and that of EIG on November 22, 2010. Earnings from discontinued operations resulted in a loss of $18 million ($.05 per share) for the first quarter of 2011 compared to income of $14 million ($.03 per share) reported in the first quarter of 2010.

Has anyone dug deeper into this? 

In general, here is a more detailed overview of the LMT results from Zack's.

Lockheed completes sale of PAE

Lockheed Martin announced this week that it has completed the sale of Pacific Architects & Engineers (PAE) to private equity firm Lindsay Goldberg LLC. Unfortunately for this and other interested observers, no details of the transaction have been disclosed. Still no obvious sign or even the remotest scuttlebutt about how LG will run this investment. No star chamber additions to the LG team... no sign of defense expertise in the list of affiliated partners.

Mr. Lindsay, Mr. Goldberg: what will you do with PAE?