Lockheed Martin to Acquire Zeta Associates
[Via Satellite 06-30-2014] Lockheed Martin will acquire Zeta Associates, a company that provides systems for efficient collection, processing, safeguarding and dissemination of critical information for intelligence and defense applications. The transaction is expected to close in the third quarter of 2014, and upon closing, Zeta Associates will be a wholly-owned subsidiary of Lockheed Martin, reporting through the company’s Space Systems sector.
“Zeta Associates’ expertise in cross-platform information collection, analysis and dissemination is an ideal complement to our national security capabilities,” said Marillyn Hewson, chairman, president and CEO of Lockheed Martin. “Adding Zeta to our diverse portfolio strengthens our ability to deliver vital ground, air and space-based intelligence in support of our customers’ most essential missions.”
Zeta was founded in 1984, and specializes in the technology that powers national security missions. The company has roughly 350 employees, and is focused on cutting edge software, communications and ground systems.