announced the acquisition of Chandler/May, Inc., a company that specializes in the design, development, integration, manufacturing, and support of fully integrated mission critical systems for unmanned aircraft systems (UAS) and Command, Control, Communications, Computers, Intelligence, Surveillance, Reconnaissance (C4ISR) missions.
Terms of the agreement were not disclosed and are not material to Lockheed Martin’s results of operations.
As a proven ground control station integrator, Chandler/May, Inc. has delivered hundreds of integrated command and control shelters and portable ground control stations in support of U.S. Army UAS programmes. It has produced more than 2,200 unmanned aircraft (UAS), including the Desert Hawk, a programme for which Chandler/May, Inc. is a supplier to Lockheed Martin. Chandler/May, Inc. has also developed a fully integrated UAS, consisting of the Fury UAS, SharkFin Mission & Flight Control System and Tactical Air Vehicle Control System (TACS) ground control station. Chandler/May, Inc. has facilities in Huntsville, Ala, and San Luis Obispo, California.
“This acquisition expands our offerings in support of our customers’ increased emphasis on advanced unmanned systems for the C4ISR missions,” said Bob Stevens, Lockheed Martin Chairman and CEO. “This acquisition is consistent with our goal to maintain a portfolio of technologically advanced options that will generate value for both our customers and our shareholders.”
“At Chandler/May, we have developed a highly talented workforce and created a portfolio of innovative products supporting our defense and intelligence customers,” said Jesse May, Chandler/May, Inc. President. “Joining Lockheed Martin is a logical step to expand our current offerings and provides opportunities to reach additional customers.”
Chandler/May, Inc. will become part of Lockheed Martin’s Mission Systems & Sensors (MS2) business. MS2 has experience in the area of unmanned systems including the K-MAX unmanned helicopter, Desert Hawk, and Persistent Threat Detection System aerostats.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation’s net sales for 2011 were $46.5 billion.
Source: Press Release