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Air Force

Lockheed Martin To Acquire Supplier of Optical Surveillance Systems

DDN

Thursday, July 23rd, 2009

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By Calvin Biesecker Lockheed Martin [LMT] yesterday said it has agreed to acquire Florida-based Gyrocam Systems LLC, a developer and supplier of gyrostablized optical surveillance systems mainly for use on ground vehicles operated by the United States military, boosting its capabilities in the area of intelligence, surveillance and reconnaissance (ISR). Terms of the deal, which is not expected to be material to Lockheed Martin's finances, were not disclosed. Gyrocam was for sale and Lockheed Martin acquired the company through an…

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