BETHESDA, Md., 15 Aug. 2008.Lockheed Martin Corp. has acquired the government business unit of Nantero Inc. Nantero is a privately-held, Massachusetts-based company that has developed methods and processes for incorporating carbon nanotubes in next-generation electronic devices. Lockheed Martin also has entered into an exclusive license arrangement with Nantero for government applications of Nantero's extensive intellectual property portfolio. Approximately 30 employees will join Lockheed Martin as part of the purchase of Nantero's government business unit.
Nantero has produced carbon nanotube devices in a commercial semiconductor fabrication process. The company's government business unit is developing nanotechnology-enabled devices (e.g., memory, logic and sensors) for use in a variety of military and intelligence applications. Terms of the transaction were not disclosed.
Lockheed Martin's Advanced Technology Center, a unit of Lockheed Martin Space Systems Company, will manage the Nantero unit.
"Lockheed Martin is already a leader in the research, development, and application of nanotechnology to future military and intelligence applications," says Joanne Maguire, executive vice president of Lockheed Martin's Space Systems Business Area. "This transaction represents a solid strategic fit. It provides an important set of capabilities and will accelerate our product applications, enabling us to offer a broader portfolio of solutions to our customers, and to enhance shareholder value."
Lockheed Martin recognizes the critical importance of nanotechnology to its current and future portfolio of products and services, says a representative.
Direct benefits of nanotechnology for government customers could include stronger, lighter, and less expensive materials; more capable systems; and enhanced personal protection for military and first responders.
