Lockheed Martin Corporation
) has announced the recent acquisition of CDL Systems Ltd. for an
undisclosed amount. Post deal, CDL Systems Ltd. will be acting as
a part of the company's Mission Systems and Training ("MST")
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Canadian software engineering firm, CDL Systems Ltd. will focus
on building and licensing of vehicle control station software for
the unmanned systems with low-cost, interoperable, and open
architecture systems. These products have been putting together
with several unmanned vehicle platforms.
Lockheed Martin's acquisition of CDL Systems will offer the
company a software solution with significant in-theater
experience, which increases its ability to meet up the customers'
needs for mission critical unmanned vehicle capabilities.
Currently, the U.S. Department of Defense ("DoD") is focusing and
investing substantial amount on its unmanned systems,
Intelligence Surveillance Reconnaissance, force protection,
cyber-security and missile defense. The U.S. DoD is continuously
giving orders to several defense-equipment suppliers to
strengthen its above mentioned areas.
In October 2012, Lockheed Martin received a 5-year contract,
worth $13.5 million, from the Office of Naval Research to explore
highly advanced autonomous technologies aboard an unmanned
vertical take-off and landing aircraft. In the same month another
The Boeing Company
) was awarded a cost plus fixed fee contract, worth $10 million,
by the U.S. Air Force Research Laboratory. As per the contract,
The Boeing Company will supply systems studies, analyses
integrations and demonstrations with the unmanned aerial system
termed dominator and common smart sub-munition to assess the
capabilities of the system.
As of September 30, 2012, Lockheed Martin's cash balance was $4.7
billion compared with $3.6 billion at the end of 2011. In
addition, the company has a $1.5 billion revolving credit
facility, expiring in August 2016. This financial strength has
enabled the company to make a number of strategic acquisitions in
2012. In the month of November, the company purchased an unmanned
aerial systems manufacturer Chandler/May Inc. The transaction
value was undisclosed. Chandler/May became a part of the
company's Mission Systems & Sensors business.
We believe these kinds of acquisitions would help Lockheed Martin
in performing their tasks in a better way along with fulfilling
the government's demand on supplying specific defense materials.
These efforts will subsequently add to the company's top line in
Bethesda, Maryland-based Lockheed Martin Corporation is a global
security and aerospace company, engaged in the research, design,
development, manufacture, integration and sustainment of advanced
technology systems, products and services. With a market
capitalization of $29.93 billion, the company has 123,000
full-time employees and also has a short-term Zacks #3 Rank (Hold