A unit of defense contractor
agreed to acquire
, a U.K.-based supplier of military communications systems, weapons systems and advanced analysis services.
Insys supplies products to the U.K.'s defense ministry, participating in an array of programs including advanced weapons and communications systems, missile defense and integrated biological detection systems.
Terms of the transaction weren't disclosed. Lockheed expects to close the purchase later this year.
Lockheed, based in Bethesda, Md., saw its shares rise 14 cents to $62.76.