Procerus technologies, an Orem Utah based company which has its origins in the BYU Magicc lab was purchased on January 17, 2012 by Lockheed Martin. In 2002-2003 Reed Christiansen, Walter Johnson, and Josh Hintze were masters students in the Electrical and Computer Engineering department at Brigham Young University working under the direction of ECE professor Randy Beard and ME professor Tim McLain.
As part of their graduate work, they developed an autopilot system for small and micro unmanned air vehicles, which became the Kestral autopilot version 1.45. After their graduate studies they joined forces in 2004 with Todd Titensor, an alumni of the BYU business school, to form Procerus Technologies which continued to develop, market, and sell the Kestral autopilot system and related technologies. Procerus currently employs over 10 alumni of the BYU Magicc lab with degrees in Electrical and Computer Engineering, Mechanical Engineering, and Computer Science. The Kestral autopilot system is currently the smallest and lightest full-featured autopilot system on the market.
For more information, see:
http://www.lockheedmartin.com/us/news/press-releases/2012/january/0117hq-procerus.html