Company is a Leading Developer and Producer of Innovative Laser Technologies
BETHESDA, Md., Sept. 2 /PRNewswire-FirstCall/ -- 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.
For additional information, visit our website:
www.lockheedmartin.com
SOURCE Lockheed Martin
