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?