Lockheed Martin is spinning off its Information Systems & Global Solutions division to create a new company with Leidos, under an arrangement called a Reverse Morris Trust, Lockheed announced Tuesday. This mechanism allows substantial tax avoidance by creating a subsidiary, which merges with an outside company (in this case, Leidos), then Lockheed receives a majority (50.9 percent) of shares in the resulting entity. The move will allow Lockheed to “focus on our core business” while creating “a more diversified competitor” in the i?nformation technology and technical services sector, company officials said in a conference call with reporters. The move will “unlock” several billions of dollars, which Lockheed said it will apply in part to completing a share buyback program. The company is shooting to go below 300 million outstanding shares, and is “well on its way” to accomplishing that.
Pentagon Releases Cost of Living, BAH Rates for 2026
Dec. 30, 2025
The Pentagon will pay cost of living allowances to 127,000 service members in the continental U.S. in 2026, an increase of 66,000 members in 2025. Airmen and Guardians across the U.S. will also receive an average increase of 4.2 percent for their Basic Housing Allowance, compared to the 5.4 percent…
