Hello, Guest!
  • Sunday, November 17, 2024

CPI to Buy General Dynamics’ SATCOM Technologies Business; Bob Fickett Quoted


Bob Fickett

Communications & Power Industries has agreed to acquire General Dynamics™ (NYSE: GD) antenna systems business for an undisclosed sum to expand its portfolio of communications products for military, government and commercial clients.

CPI said Monday transaction is expected to be finalized before the end of 2019, subject to customary closing conditions.

SATCOM Technologies is part of General Dynamics™ mission systems business unit. It designs and produces satellite communications antenna platforms used in defense, scientific and commercial applications as well as offers installation and engineering support and related radio frequency platforms and electronics.

“Satellite communications technology plays a vital role in modern communications, serving the seemingly insatiable thirst for more bandwidth and greater speeds,” said Bob Fickett, president and CEO of CPI. “Acquiring SATCOM Technologies enables us to provide CPI’s customers with a wide range of complementary products, capabilities and resources to support this dynamic and growing market, making it an excellent fit for CPI.

Palo Alto, Calif.-based CPI manufactures electronic components and related subsystems used in the generation, reception and transmission of microwave signals for military and commercial applications.

Video of the Day

Related Articles

General Dynamics Q2 Profit Up 3.9%; Phebe Novakovic Cites ‘Strong Demand’ in Aerospace Segment Financial Reports

General Dynamics Q2 Profit Up 3.9%; Phebe Novakovic Cites ‘Strong Demand’ in Aerospace Segment

General Dynamics (NYSE: GD) logged a $766 million profit for the second quarter of its 2022 fiscal year and $9.2 billion in revenue, figures respectively 3.9 percent higher and relatively flat compared to the same period last year. The Reston, Virginia-based defense contractor said Wednesday earnings totaled $2.27 per share, up 5.4 percent from the

Jean Lewis Joins Alpha Omega Integration as Strategic Growth VP; Gautam Ijoor Quoted Executive Moves

Jean Lewis Joins Alpha Omega Integration as Strategic Growth VP; Gautam Ijoor Quoted

Jean Lewis, a more than 30-year government business development leader, has been named vice president of strategic growth at Alpha Omega Integration, a Vienna, Virginia-based provider of information technology and business consulting services to customers in public and commercial sectors. She will bring to Alpha Omega her decades of experience in digital business transformation, risk

BGOV: Fiscal 2020 Federal Contract Spending Hit $682B Contract Awards

BGOV: Fiscal 2020 Federal Contract Spending Hit $682B

A Bloomberg Government report says the federal government’s total contract spending reached $682 billion in fiscal year 2020, a 14 percent increase from FY 2019 spending of $599 billion. BGOV said Thursday FY 2020 marks the fifth consecutive year of increase in contract spending and federal agencies primarily used $1.6 trillion in enacted FY 2020