February 28, 2016

General Atomics buying Miltec which has hypersonic vehicle expertise

San Diego-based General Atomics announced Thursday it is purchasing a small Alabama company with expertise in hypersonic vehicles for $14.6 million in cash. Based in Huntsville, AL, Miltec is a leading provider of military defense and aerospace systems design, development, integration and test services. Miltec will be a part of the Electromagnetic Systems (EMS) group of GA. The completion of the transaction is subject to customary closing conditions.

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.






Форма для связи

Name

Email *

Message *