Lockheed Martin Completes Acquisition Of Aculight Corporation
BETHESDA, MD, 09/02/2008 --
Lockheed Martin Corporation [NYSE: LMT] has completed its acquisition of Aculight Corporation. Based in Bothell, Wash., Aculight is focused on providing laser-based solutions for national defense and aerospace customers. The company has expertise in countermeasures, laser radar, high power directed energy and medical products. These capabilities are expected to benefit Lockheed Martin's customers in areas such as guided munitions, airborne self-protection, advanced sensors and warfighter security. The new business unit will report to Lockheed Martin's business unit in Akron, Ohio.
The acquisition was originally announced on July 28, 2008. Terms of the transaction are not being disclosed.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2007 sales of $41.9 billion.