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Lockheed Acquires Small Firm That Makes Systems for Micro UAS

Wednesday, January 25th, 2012

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Adding to its capabilities in Unmanned Aircraft Systems (UAS), Lockheed Martin [LMT] recently said it has acquired Procerus Technologies, a company that develops and produces avionics systems for micro UAS. Terms of the deal were not disclosed, although Lockheed Martin said it would be immaterial to its financial results. Utah-based Procerus has 23 employees. For Lockheed Martin, the acquisition gives them specialized capabilities in the UAS market, particularly for small UAS but also expertise to apply in larger unmanned aircraft.…

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