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Lockheed to Buy Thin-Film Coating Maker Deposition Sciences


acquisitionLockheed Martin (NYSE: LMT) has agreed to purchase Deposition Sciences, an Advanced Lighting Technologies subsidiary that manufactures optical thin film coatings.

Financial terms of the deal were not disclosed and the companies expect to close the transaction within 30 days subject to customary regulatory approvals, Lockheed said Wednesday.

Lockheed intends to absorb DSI’s 85 staff workers and integrate the business into Lockheed’s aeronautics segment.

Santa Rosa, Calif.-based DSI makes thin-film coating materials for industrial applications by using deposition technology.

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