CHICAGO, Jan. 24, 2008 (PRIME NEWSWIRE) -- Lockheed Martin Corporation (NYSE:LMT) has acquired PercepTek, Inc., a Colorado-based provider of advanced autonomous software technologies. Terms of the transaction were not disclosed.
RSM EquiCo Capital Markets acted as the exclusive financial advisor to PercepTek, Inc.
"M&A activity in the autonomous vehicle technology sector is heating up as leading providers seek to strengthen their strategic position by acquiring companies with significant autonomous software expertise," said Paul Bodet, vice president, RSM EquiCo Capital Markets. "The acquisition of PercepTek provides Lockheed Martin the opportunity to further expand its lead in this sector through enhanced functionality and increased breadth of offerings for customers."
A team of RSM EquiCo Capital Markets professionals contributed to the successful close of this transaction. Brian Boyle, senior managing director and Paul Bodet, led the deal team.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of the FINRA and SIPC. The firm's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London.
About PercepTek, Inc.
PercepTek (www.perceptek-robotics.com) is a privately owned company that has developed software solutions for autonomous navigation for unmanned ground vehicles, autonomous collaboration operations for unmanned aerial vehicles and automated persistent surveillance for security applications, among other missions. The company's customers include the U.S. Army's Aviation Applied Technology Directorate and Tank-Automotive and Armaments Command, Defense Advanced Research Projects Agency and the U.S. Air Force.
About Lockheed Martin Corporation
Headquartered in Bethesda, Md., Lockheed Martin (www.lockheedmartin.com) employs about 140,000 dedicated men and women worldwide. Lockheed Martin is a premier systems integrator principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services.
Lockheed Martin Missiles and Fire Control, with major facilities in Dallas and Orlando, Fla., will manage the PercepTek business. Missiles and Fire Control is a leading supplier of air and missile defense, fire control, strike weapons, tactical missiles, and applied research solutions for customers including the U.S. Department of Defense, NASA and dozens of foreign nations. It is a unit of Lockheed Martin's Electronic Systems Business Area.