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Branching out: Sanders leverages defense tech for commercial arena
Lockheed Martin's Sanders unit, with the backing of three venture capital firms, is launching a new corporation to leverage defense technologies for commercial applications, a move that it says won't compromise its focus on key markets or customers.
"This opportunity is another excellent example of Sanders' strategic orientation - remaining firmly focused on our primary defense business while exploiting the tremendous opportunity that our technologies can bring to the commercial marketplace," said President Walter P. Havenstein.