Global security and aerospace company Lockheed Martin is set to acquire Industrial Defender, a firm that provides cyber security solutions for the control systems utilized in various industries, including utility, oil and gas, and the chemical industry.
Industrial Defender, which was founded 12 years ago, is based in Foxborough, Massachusetts, and has over 130 employees. Its solutions, such as the Industrial Defender Automation Systems Manager, are designed to help critical infrastructure companies reduce cyber risks, enhance control environment efficiency and ensure regulatory compliance.
Over 400 companies across 25 countries rely on the company’s solutions.
In a statement published on Industrial Defender’s website shortly after the announcement was made, the company’s CEO, Brian Ahern, noted, “Today’s announcement demonstrates the importance of critical infrastructure cyber protection and aligns the significant and unique strengths of two organizations.”
He added, “Industrial Defender’s leadership in cybersecurity, compliance and change management solutions provides new and complementary capabilities to Lockheed Martin’s substantial cybersecurity and IT offerings and proficiencies.”
Marillyn Hewson, Lockheed Martin chairman, president and CEO, believes that Industrial Defender’s expertise in protecting critical infrastructure is a natural extension of Lockheed Martin’s cyber security business.
“Their experience in addressing cyber threats to industrial control systems complements our information technology cyber security expertise and strengthens the value we deliver to our customers,” Hewson said.
The financial terms of the deal have not been disclosed. The acquisition is expected to close in the upcoming 30 days.