Recently, Lockheed Martin announced the acquisition of Procerus Technologies, a company specializing in autopilot and other avionics for micro unmanned aerial systems. The terms of the agreement were not disclosed, but are not material to Lockheed Martin’s results.
“This acquisition is consistent with our focus on acquiring capabilities that enhance our product portfolio and align with our customers’ strategic priorities,” said Bob Stevens, Lockheed Martin Chairman and CEO. “Small unmanned aerial vehicles are low-cost, highly effective tools for our military, and the expertise Procerus brings will enhance the value we offer to our customers.”
Founded in 2004, Procerus is a privately held company that provides autopilot, targeting and payload technologies for micro UAS to domestic and international governments, as well as industry and academic institutions. Among its technologies is the Kestrel autopilot system, the smallest and lightest full-featured micro autopilot system on the market.
Lockheed Martin Mission Systems and Sensors (MS2) will manage the Procerus business. MS2 is part of the Corporation’s
Electronic Systems business area and has experience within this area with its Desert Hawk, Persistent Threat Detection System aerostats, K-MAX unmanned helicopter system, and high altitude airship programs.