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Lockheed to Buy CTI

Photonics.com
Sep 2005
BETHESDA, Md., Sept. 8 -- Lockheed Martin Corp. announced today a definitive agreement to acquire Coherent Technologies Inc., a Louisville, Colo., supplier of laser-based remote sensing systems.

Coherent Technologies performs research, product development and systems integration for products designed to maintain continuous, real-time operations and to provide information regarding target identification and hazardous meteorological events.

Bob Stevens, Lockheed Martin's chairman, president and CEO, said, "Coherent's talented employees and well-recognized technological expertise in the areas of laser-based remote sensing systems will enable Lockheed Martin to provide expanded capabilities to our core group of customers."

Lockheed Martin Space Systems, Denver, Colo., will manage the Coherent Technologies business. Terms of the transaction were not disclosed. The transaction is expected to close later this year, pending customary approvals.

For more information, visit: www.lockheedmartin.com




GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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