WashingtonExec
  • News & Headlines
  • Executive Councils
  • Videos
  • Podcast
  • Events
    • 🏆 Pinnacle Awards
    • 🏆 Chief Officer Awards
  • About
  • Contact Us
Latest Video:
https://www.youtube.com/watch?v=3_0OGr8ie5g&list=UULFQpADaPZpDb8HwwScpJ2OPQ
Podcast Episodes
LinkedIn Facebook Twitter Instagram YouTube
LinkedIn Facebook Twitter Instagram YouTube
WashingtonExec
Subscribe To The Daily
  • News & Headlines
  • Executive Councils
  • Videos
  • Podcast
  • Events
    • 🏆 Pinnacle Awards
    • 🏆 Chief Officer Awards
  • About
  • Contact Us
LinkedIn YouTube Twitter
WashingtonExec
You are at:Home»News»Lockheed Martin Announces Acquisition Of Procerus Technologies
News

Lockheed Martin Announces Acquisition Of Procerus Technologies

By Paul HarrisJanuary 19, 2012
Share
LinkedIn Facebook Twitter Email
Bob Stevens, CEO of Lockheed Martin

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.

Previous ArticleInterview With Peter Greenberger: #WhatTwitterCanDoForYou
Next Article Amplifier Ventures Announces Financing Of SpydrSafe Mobile Security

Related Posts

Acentra Health Emerges as Health Powerhouse Post CNSI-Kepro Merger

Accenture Federal Services Snags $329M USAID Contract

Top Contracts Execs to Watch in 2023: Applied Insight’s Crystal Abarca

Comments are closed.

Chief Officer Awards Winners Revealed - Click to view the winners
Trending

Acentra Health Emerges as Health Powerhouse Post CNSI-Kepro Merger

June 6, 2023

Accenture Federal Services Snags $329M USAID Contract

June 6, 2023

Top Contracts Execs to Watch in 2023: Applied Insight’s Crystal Abarca

June 6, 2023

Top Contracts Execs to Watch in 2023: Integral Federal’s Heather Dallara

June 6, 2023

Top Contracts Execs to Watch in 2023: ASRC Federal’s Scott Salzano

June 6, 2023
Quick Links
  • Executive Councils & Committees
  • Chief Officer Awards
  • Pinnacle Awards
  • K-12 STEM Symposium
  • Advertise With Us
  • About WashingtonExec
  • Contact

Subscribe to The Daily

Get federal business news & insights delivered to your inbox.

  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
Copyright 2023 © WashingtonExec, Inc. | All Rights Reserved. Powered by J Media Group

Type above and press Enter to search. Press Esc to cancel.