acquisitions, startups, Hardware

Lockheed Martin Nabs Nantero Unit

Rebecca Zacks 8/14/08

The government business unit of Nantero—a Woburn, MA-based startup developing a carbon-nanotube-based form of computer memory it calls NRAM—has been acquired by Lockheed Martin Corporation (NYSE: LMT) for an undisclosed sum. Under the terms of the deal, some 30 Nantero employees will join Lockheed Martin, as will Brent Segal, the startup’s co-founder and Chief Operating Officer. Neil profiled Nantero back in March.