Global security company, Lockheed Martin has acquired Procerus Technologies, an Utah-based company focusing in autopilot and avionics for small unmanned aerial systems. The conditions of the deal were not revealed.
Lockheed Martin’s Chairman and CEO, Bob Stevens stated that micro unmanned aerial vehicles are affordable and highly effective tools for military and Procerus’ expertise will further improve the value offered to Lockheed’s customers. Stevens further stated that the acquisition is in line with the company’s strategy to acquire capabilities that improve its products and is in parallel with its customers' priorities.
Procerus Technologies’ CEO, Todd Titensor said that becoming a part of Lockheed Martin will enable the company to advance innovative technologies and speed up its capability to reach military and potential customers more quickly.
The Procerus business will be managed by Lockheed Martin Mission Systems and Sensors (MS2), which is based in Washington, D.C. MS2 has experience in electronic systems with its Persistent Threat Detection System aerostats, K-MAX unmanned helicopter system, Desert Hawk and high altitude airship programs.
Procerus, established in 2004, offers autopilot, payload and targeting technologies for micro unmanned aerial systems to both national and international governments, and academic and industry institutions. The company’s Kestrel autopilot system is the most compact and lightweight micro autopilot system available on the market and is suitable for reconnaissance and surveillance purposes.
Source: http://www.lockheedmartin.com