Lockheed Martin Buys 360-Degree Surveillance System

WESTBOROUGH, Mass. (AP) - Defense contractor Lockheed Martin Corp. on Monday said it acquired a monitoring system from RemoteReality.

Terms were undisclosed. The system includes RemoteReality's OmniAlert360 system, which integrates 360-degree mirrors, optics, sensors and processing into video appliances and its ThermalVision360 system for night vision applications.

Lockheed Martin said it is evaluating the products for a number of different uses.

Shares closed down 9 cents to $96.93 on the New York Stock Exchange.

RemoteReality's 360-degree surveillance system was featured in Episode 6 of the SIW Radio podcast series.

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