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Lockheed Martin Completes Acquisition of Aculight Corporation

Written by thomas · Filed Under Aeronautics News 

September 2, 2008

thomas

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.

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