BETHESDA, Md., 22 Dec. 2012. Lockheed Martin [NYSE: LMT] has acquired substantially all of the assets of CDL Systems Ltd., a software engineering firm that specializes in the development and licensing of vehicle control station software for unmanned systems. Terms of the agreement were not disclosed.
-- Chandler/May acquired by Lockheed Martin
-- Lockheed Martin reorganizes Electronic Systems unit to cut costs and streamline operations
-- Lockheed Martin completes acquisition of Universal Systems & Technology, Inc.
CDL Systems has developed an open, standards-based, and commercial off-the-shelf software product that has been integrated into unmanned vehicle platforms. The company’s products are designed on interoperable and open architecture systems to support government and civil applications. CDL Systems was founded in 1992 in Calgary, Alberta, Canada, with offices in Calgary and Huntsville, Ala.
CDL Systems will be added to Lockheed Martin's Mission Systems and Training (MST) business, where it will be integrated with the recent acquisitions of Chandler/May, Inc. and Procerus Technologies, L.C.
Lockheed Martin will reorganize its Electronic Systems business area into two new business areas and create the MST and Missiles and Fire Control (MFC) business areas effective Dec. 31, 2012.