The addition of Miltec will accelerate GA's depth of knowledge in key technical areas of hypersonic vehicles, small satellites and related products and programs. "We are excited about the opportunities that this acquisition holds for General Atomics' future," said Scott Forney, President of GA's EMS group.
Miltec Corp, based in the defense center of Huntsville, AL, has expertise in the areas of hypersonic vehicles, small satellites and related products and programs.
The company is a unit of Ducommun, a publicly traded defense company, and had sales of $28.2 million in 2015. It will become part of General Atomics’ Electromagnetic Systems group.
In 2014, Miltec Corporation was awarded a $44 million cost-plus-fixed-fee contract with options for labor, material, travel for research and development for the Advanced Hypersonic Weapon-Technology Demonstration for Space and Missile Defense Command, with an estimated completion date of June 5, 2019.