M&A Deal Summary

Lockheed Martin Acquires Lockheed Martin Gyrocam Systems

On July 22, 2009, Lockheed Martin acquired defense company Lockheed Martin Gyrocam Systems

Acquisition Highlights
  • This is Lockheed Martin’s 8th transaction in the Defense sector.
  • This is Lockheed Martin’s 11th transaction in the United States.
  • This is Lockheed Martin’s 2nd transaction in Florida.

M&A Deal Summary
Date 2009-07-22
Target Lockheed Martin Gyrocam Systems
Sector Defense
Buyer(s) Lockheed Martin
Deal Type Add-on Acquisition

Target

Lockheed Martin Gyrocam Systems

Sarasota, Florida, United States
Gyrocam, a privately owned company headquartered in Sarasota, Fla. with personnel in Washington, D.C., Iraq and Afghanistan, provides combat forces greater situational awareness in virtually all conditions with real-time reconnaissance and threat identification and tracking from safe, stand-off distances. The company's Intelligence, Surveillance and Reconnaissance (ISR) products are primarily in use on ground vehicles operated by the Army, Marine Corps and Air Force.

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Buyer(S) 1

Buyer

Lockheed Martin

Bethesda, Maryland, United States
Category Company
Founded 1912
Sector Aerospace
Employees122,000
Revenue 67.6B USD (2023)
DESCRIPTION
Entrance to Lockheed Martin's corporate campus in Bethesda, Maryland.
Entrance to Lockheed Martin's corporate campus in Bethesda, Maryland.

Lockheed Martin is an aerospace and defense company that engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products worldwide. Lockheed Martin was established in 1912 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 16 of 28
Sector (Defense) 8 of 8
Type (Add-on Acquisition) 13 of 23
State (Florida) 2 of 2
Country (United States) 11 of 19
Year (2009) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-30 Imes Strategic Support

Edinburgh, United Kingdom

ISSL provides engineering, maintenance, repair, and support services for key sub-systems of the UK Royal Navy's Trident Strategic Weapons System program at HM Naval Base Clyde in Scotland with additional activities within the Devonport Dockyard in Plymouth, the Defence Equipment and Support (DE&S) Headquarters at Abbey Wood, Bristol and the United Kingdom Software Facility

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-13 Perspecta

Chantilly, Virginia, United States

Perspecta, Inc. is a provider of high impact, analytical and technical expertise in the areas of data analytics, system engineering, and integration and cyber security for the U.S. Government and commercial customers. Perspecta is based in Chantilly, Virginia.

Sell $815M
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