Lockheed Martin agrees to acquire PercepTek Inc.

Jan. 16, 2008
BETHESDA, Md., 16 Jan. 2008. Lockheed Martin Corp. has acquired PercepTek Inc., a Colorado-based provider of advanced autonomous software technologies. PercepTek, a privately owned company, has developed software solutions for autonomous navigation for unmanned ground vehicles, autonomous collaboration operations for unmanned aerial vehicles, and automated persistent surveillance for security applications, among other missions.

BETHESDA, Md., 16 Jan. 2008.Lockheed Martin Corp. has acquired PercepTek Inc., a Colorado-based provider of advanced autonomous software technologies.

PercepTek, a privately owned company, has developed software solutions for autonomous navigation for unmanned ground vehicles, autonomous collaboration operations for unmanned aerial vehicles, and automated persistent surveillance for security applications, among other missions. The company's customers include the U.S. Army's Aviation Applied Technology Directorate and Tank-Automotive and Armaments Command, Defense Advanced Research Projects Agency, and the U.S. Air Force.

Lockheed Martin Missiles and Fire Control, with major facilities in Dallas, Texas, and Orlando, Fla., will manage the PercepTek business. Missiles and Fire Control is a leading supplier of air and missile defense, fire control, strike weapons, tactical missiles, and applied research solutions for customers, including the U.S. Department of Defense, NASA, and dozens of foreign nations. It is a unit of Lockheed Martin's Electronic Systems Business Area.

"Lockheed Martin already is a leader in autonomous vehicles, with systems operating in the land, sea, air and space domains," says Christopher E. Kubasik, executive vice president, Electronic Systems Business Area. "The acquisition of PercepTek will strengthen our capabilities in unmanned systems and surveillance, allowing us to provide a broader portfolio of solutions to our customers. This transaction represents a solid strategic fit and will enable us to support Lockheed Martin Corporation's long-term strategy of enhancing shareholder value."

Voice your opinion!

To join the conversation, and become an exclusive member of Military Aerospace, create an account today!