Home / M&A Activity / Lockheed Acquires Assets of UAV Software Developer CDL Systems; Bob Stevens Comments

Lockheed Acquires Assets of UAV Software Developer CDL Systems; Bob Stevens Comments

Bob Stevens
Bob Stevens

Lockheed Martin (NYSE: LMT) has acquired substantial assets of Alberta, Canada-based software engineering firm CDL Systems Ltd. for an undisclosed amount, Lockheed announced Friday.

“This transaction provides us a common software solution with significant in-theater experience that furthers our ability to meet our customers’ growing need for mission critical unmanned vehicle capabilities, ” said Bob Stevens,  Lockheed Martin chairman and chief executive officer.

According to Lockheed,  CDL specializes in the development and licensing of vehicle control station software for unmanned systems.

CDL’s commercial off-the-shelf software products designed on low-cost, interoperable and open architecture systems has been integrated into numerous unmanned vehicle platforms.

“CDL Systems will be an important addition to our mission systems and training business, where it will be integrated with the recent acquisitions of Chandler/May, Inc. and Procerus Technologies, L.C., ” Stevens added.

Founded in 1992, CDL has offices in Calgary and Huntsville, Ala.

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