Lockheed Expands Offices in Springs

Defense contracting giant Lockheed Martin Corp. has expanded its offices near
the Colorado Springs Airport by about a third, taking over space that Computer
Science Corp. gave up as the technology company reduced its local footprint,
according to the real estate agency that handled the transaction.

Lockheed boosted its space in the Platte Airpark Center, 320-480 Wooten Road,
to 48,102 square feet from 35,669 square feet, while Computer Science Corp.
moved to about 5,000 square feet in the same building, according to a news
release from CBRE Inc., which handled both transactions for building owner
Fairbridge Properties of Princeton, N.J. Martin Johnson and Jared May of CBRE
represented Fairbridge in the transaction, while Duncan Heitman and Tom Lepry
of Jones Lang LaSalle Inc. represented Lockheed Martin.

Fairbridge bought the 137,900-square-foot complex, which was built in 2001-02,
in January 2014 for $14.35 million, according to El Paso County Assessor's
Office records. The building, which is now 95 percent occupied, also houses
offices for Boeing Co. and L-3 Communications.

Lockheed is the largest defense contractor in Colorado Springs, employing about
2,000 people developing specialized software or building sophisticated computer
networks and systems, both designed to manage information for military
commanders to control personnel and weapon systems. The company's largest
local program - the Command, Control, Battle Management and Communications
System contract - was first awarded in 2002 and is valued at $2 billion since
then. Under the contract, Lockheed integrates all elements of the Ballistic Missile
Defense System for the Missile Defense Agency, including early-warning, midcourse
and sea-based radar as well as space-based tracking and surveillance
systems with missile defense systems.