Lockheed Corp. Purchases About 20% of MDB Systems
MDB Systems Inc., a privately-owned developer and manufacturer of commercial and aerospace-related computer systems in Orange, said the Lockheed Corp. has purchased about 20% of the 17-year-old company.
D.H. Daniels, vice president of operations for the giant aerospace company and defense contractor, has been appointed one of MDB System’s five directors, the company said, while another Lockheed officer, Kenneth Oliver, will join the MDB Technology Advisory Board.
Amos R.L. Deacon Jr., MDB Systems founder and president, called the Lockheed investment “substantial” but refused to disclose the exact amount of the investment. “You can figure they got about 20% with one member on the board,” he said.
Deacon said his $20 million-a-year company has been providing Lockheed with computer systems components since the early 1970s, adding that the Lockheed investment is the only outside financial contribution MDB Systems has received since its founding.
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