General Atomics to Acquire Miltec Corporation from Ducommun, Inc.
San Diego, CA, 25 February 2016 – General Atomics (GA) today announced that it has signed a purchase agreement to acquire Miltec Corporation (Miltec) from Ducommun Incorporated. 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.
The acquisition provides GA with a greater presence in the city of Huntsville, a key center of U.S. space and defense technology. "The integration of these two highly complementary businesses enables GA to strengthen existing relationships and build new ones, and it highlights GA's commitment to delivering the most advanced solutions to meet customer needs," stated Forney.
About General Atomics
GA is an advanced technology company with more than 60 years of experience developing innovative, real-world systems for challenging defense and energy applications. GA's Electromagnetic Systems (EMS) group is a world leader in the design and manufacture of first-of-a-kind electromagnetic and pulsed power systems, such as the Electromagnetic Aircraft Launch System (EMALS) and the electromagnetic railgun.
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Posted on Feb 25, 2016