Lockheed Martin acquires Astrotech for $61M


Lockheed Martin (LMT) has acquired Astrotech (ASTC) in a deal worth $61M.

The transaction is expected to close in the third quarter of 2014.

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Comments (2)
  • jumpnjoey77
    , contributor
    Comments (1222) | Send Message
     
    Overpaid.
    29 May 2014, 09:07 AM Reply Like
  • brucecampbell777
    , contributor
    Comments (17) | Send Message
     
    Lockheed Martin is acquiring the Astrotech Space Operations Business Unit of Astrotech Corporation. Astrotech Corp will continue as a company focusing on Two other business Units, Astrogenetix, and 1st Detect which may soon be worth another 60 million. Hence Astrotech Corp should be selling for at least $6.00 per share.
    29 May 2014, 03:01 PM Reply Like
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