M&A Deal Summary

Lockheed Martin Acquires Procerus Technologies

On January 17, 2012, Lockheed Martin acquired aerospace company Procerus Technologies

Acquisition Highlights
  • This is Lockheed Martin’s 4th transaction in the Aerospace sector.
  • This is Lockheed Martin’s 13th transaction in the United States.
  • This is Lockheed Martin’s 1st transaction in Utah.

M&A Deal Summary
Date 2012-01-17
Target Procerus Technologies
Sector Aerospace
Buyer(s) Lockheed Martin
Deal Type Add-on Acquisition

Target

Procerus Technologies

Orem, Utah, United States
Procerus Technologies LLC specializes in autopilot and other avionics for micro unmanned aerial systems.

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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 19 of 28
Sector (Aerospace) 4 of 5
Type (Add-on Acquisition) 16 of 23
State (Utah) 1 of 1
Country (United States) 13 of 19
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-03 Sim-Industries B.V.

Sassenheim, Netherlands

Sim-Industries develops and manufactures full-motion and fixed-based civil aviation flight simulators for a wide range of airline customers and independent pilot training centers worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 ChandlerMay

Huntsville, Alabama, United States

ChandlerMay, Inc. is a producer of military ground control stations for command and control and Unmanned Air Vehicles, and provider of related reset/refurbishment, upgrades and logistics support.

Buy -
Mergr

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