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Business/Financial

Lockheed Martin Acquires UAS Systems Provider Chandler/May

Defense Daily Staff

Wednesday, November 14th, 2012

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Lockheed Martin [LMT] yesterday said it has acquired Chandler/May, Inc., a small firm that develops and supplies small unmanned aircraft systems (UAS) and ground control systems for UAS, in a deal that further bolsters the company’s offerings of UAS systems and related equipment. Terms of the deal were not disclosed, although Lockheed Martin said it would not be material to its operating results. Chandler/May, which is based in Alabama, makes integrated command and control shelters and portable ground stations in…

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