General Dynamics (NYSE: GD) has agreed to acquire wireless broadband provider IPWireless Inc. in a cash transaction, General Dynamics announced Monday.
The Falls Church, Va.-based defense contractor did not announce the value of the transaction and expects to complete the deal in the third quarter of 2012.
IPWireless will be renamed General Dynamics Broadband and operate as a subsidiary of General Dynamics’ C4 systems unit, based in Scottsdale, Ariz.
IPWireless makes wireless network components, user devices and end-to-end systems in the 700 megahertz frequency range for military customers and first responders.
The company’s Long Term Evolution products are intended for a nationwide, interoperable broadband network that first responders can use to access data such as fingerprints and video while in the field.
Such a network is required in the Middle Class Tax Relief and Job Creation Act of 2012.
General Dynamics holds a potential $176 million contract with the U.S. Coast Guard to provide field personnel, technical support and maintenance for the branch’s search and rescue system.