Lockheed pulls out of bidding for huge U.K. IT project

Lockheed Martin Corp. is pulling out of a race to supply the U.K.’s National Health Service (NHS) with potentially billions of pounds worth of IT equipment and services.

The decision, confirmed by a company spokesman Monday, comes as the NHS is preparing to select winners of one national and five regional contracts aimed at creating a national electronic patient record system.

The Bethesda, Maryland, company was bidding for the national program, valued at