Lockheed Martin (NYSE: LMT) has moved to expand its cybersecurity business by agreeing to buy Foxborough, Mass.-based Industrial Defender for an undisclosed amount.
Lockheed expects to close the transaction within 30 days subject to customary closing conditions, Lockheed said Wednesday.
“Industrial Defender’s expertise in cyber security for critical infrastructure is a natural extension of our commercial cyber security business, ” said Marillyn Hewson, Lockheed chairman, president and CEO.
“Their experience in addressing cyber threats to industrial control systems complements our information technology cyber security expertise.”
Industrial Defender, a 130-employee company, develops cybersecurity products and services for control systems in the oil and gas, utility and chemical industries.
“We share a common perspective on the importance of protecting global critical infrastructure from an increasingly hostile threat landscape, ” said Brian Ahern, Industrial Defender CEO.
Ahern added the companies aim to combine their technologies and services in order to help customers address threats and business challenges to enterprise information and operational technologies.
More than 400 companies in 25 countries use Industrial Defender’s products to protect electric power grids, chemical facilities and energy pipelines, Lockheed said.