On Air Now

Tune in to Listen

93.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
59° Feels Like: 59°
Wind: SSW 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Isolated Thunderstorms 51°

Tomorrow

PM Thunderstorms 77°

Wed Night

Scattered Thunderstorms 61°

Alerts

Lockheed buys California firm that makes thin film coatings

WASHINGTON (Reuters) - Lockheed Martin Corp on Wednesday said it is acquiring Deposition Sciences Inc, a California-based company that provides thin film coatings, for an undisclosed amount from its parent company, Advanced Lighting Technologies Inc.

Lockheed, the Pentagon's largest supplier, said the company would be integrated into its aeronautics division and it expects to close the deal within 30 days.

Lockheed spokesman Gordon Johndroe declined to give details about the terms of the transaction, but said the deal was not material to the company's financial results.

On its website, Deposition Sciences says it produces the most durable, heat resistant and reliable optical thin film coatings available, spanning the range from the ultraviolet wavelength through to far infrared (FIR), or the long-wave infrared (LWIR) spectral wavelengths.

Lockheed said Deposition Sciences has about 85 employees.

(Reporting by Andrea Shalal; Editing by Steve Orlofsky)

Comments