Nanotechnology unit joins Lockheed

Bethesda-based Lockheed Martin Corp. said yesterday it has acquired the government business unit of a company that develops nanotechnology-enabled devices such as memory, logic and sensors used in military and intelligence applications. Lockheed Martin also entered a license arrangement with privately held Woburn, Mass.-based Nantero Inc. for government applications of Nantero's intellectual property portfolio. Lockheed Martin said the benefits of nanotechnology for government customers could include stronger, lighter and less expensive materials and improved protection for military and first responders. Greg Schmergel, Nantero's co-founder and chief executive, said the deal provides Nantero with increased resources and "strategic focus."