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Business/Financial

Lockheed Martin To Buy Laser Technology Company

DDN

Tuesday, July 29th, 2008

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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…

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