Lockheed Martin [LMT] on Wednesday said it has agreed to acquire Deposition Sciences, Inc., a small company that develops and manufactures thin film coatings used in various industries.
Terms of the deal were not disclosed although Lockheed Martin said that DSI will be integrated into its Aeronautics business area and will not be material to its operations.
DSI, which is a subsidiary of
Advanced Lighting Technologies, Inc. [ADLT], uses deposition technologies and processes to produce thin film coatings. The company’s markets include military and aerospace, lighting, telecommunications and data communications, and medical and scientific applications. Some of the applications include infrared detectors, cameras, focal plane arrays, other sealed sensors, unmanned aircraft systems, and lasers.
A Lockheed Martin spokesman told Defense Daily that the pending acquisition of DSI “broadens our technological capabilities.”
DSI is based in California and has about 85 employees. The deal is expected to close within 30 days.