Lockheed Martin [LMT] yesterday said it has agreed to acquire Aculight Corp., a small firm focused mainly on the research, development and manufacture of laser-based systems to federal and aerospace customers.
Terms of the deal, which is expected to close in the third quarter, were not disclosed.
"This transaction is consistent with Lockheed Martin’s focus on acquiring companies with strategic capabilities that strengthen our core offerings and create potential for adjacent market expansion," Chris Kubasik, executive vice president of Lockheed Martin’s Electronic Systems business area, said in a statement. "Aculight’s expertise in countermeasures, laser radar, and high power directed energy will be of tangible benefit to Lockheed Martin’s customers in areas such as guided munitions, airborne self-protection and advanced sensors."
Aculight, based in Washington, has about 90 employees, 17 with PhD’s. The company will report to Lockheed Martin’s Maritime Systems and Sensors business in Akron, Ohio. Aculight has a 47,000 square foot facility for its office, research and manufacturing space.
The transaction still requires approval by Aculight’s shareholders and must meed certain closing conditions.
Aculight’s lasers also have medical applications.