Lockheed Martin Completes Acquisition of AculightSeptember 3, 2008
The capabilities acquired from the developer and producer of laser technologies will benefit Lockheed Martin's customers in areas such as guided munitions, airborne self-protection, advanced sensors, and warfighter security.
BETHESDA, MD /PRNewswire-FirstCall/ -- Lockheed Martin Corp. has completed its acquisition of Aculight Corp. 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, OH.
The acquisition was originally announced on July 28. Terms of the transaction are not being disclosed.
About Lockheed Martin
Headquartered in Bethesda, MD, Lockheed Martin Corp. 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.
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