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  • Thursday, November 21, 2024

General Atomics Closes Purchase of Miltec From Ducommun


PredatorGeneral Atomics has completed its $14.6 million acquisition of aerospace and defense technical business Miltec Corp. from Ducommun (NYSE: DCO).

Ducommun said Monday the sale of its Miltec businesse is one part of its strategy to reduce company debt.

Miltec provides weapons and military defense systems engineering, technical and program management services for the Defense Department and U.S. intelligence agencies.

General Atomics announced in February its plan to buy Miltec and said it will consolidate the business into its electromagnetic systems group.

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