Lockheed Acquiring Aculight
BETHESDA, Md., July 28, 2008 -- Defense contractor Lockheed Martin Corp. announced today it will acquire privately held laser maker Aculight Corp. for an undisclosed amount.
Bothell, Wash.-based Aculight, which was founded in 1993 and has 90 employees, makes laser systems for defense, aerospace and medical applications. It will become a new business unit of Lockheed Martin and will report to its Maritime Systems & Sensors business in Akron, Ohio.
"This transaction is consistent with Lockheed Martin's focus on...