Lockheed Martin to acquire Aculight Corp.

BETHESDA, Md., 1 Aug. 2008. Lockheed Martin Corp. has entered into an agreement to acquire Aculight Corp. in Bothell, Wa. Aculight is a privately held company focused on providing laser-based solutions for national defense and aerospace customers. The new business unit will report to Lockheed Martin's Maritime Systems & Sensors business in Akron, Ohio.

Terms of the transaction have not been disclosed.

Chris Kubasik, executive vice president of Lockheed Martin's Electronic Systems business area, comments: "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."

The transaction is expected that the transaction will close in the third quarter of 2008. Founded in 1993, Aculight has approximately 90 employees.