19 June 2014
Lockheed Martin (NYSE: LMT) said it plans to acquire Deposition Sciences, Inc., a provider of thin film coatings.
Subject to the satisfaction of customary closing conditions, the acquisition is expected to close within 30 days. The terms of the agreement were not disclosed and are not material to Lockheed Martin operations. DSI will be integrated into the Aeronautics business area.
Located in Santa Rosa, California, DSI has approximately 85 employees and is a 100 percent owned subsidiary of Advanced Lighting Technologies, Inc. The company uses various deposition technologies and processes to produce thin film coatings for a variety of industrial applications.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advance technology systems, products and services. Its website is at http://www.lockheedmartin.com.