Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

Cobham Completes $1B Aeroflex Buy; Bob Murphy Comments

Robert-Murphy
Bob Murphy

Cobham plc has finalized its approximately $1.46 billion acquisition of Aeroflex (NYSE: ARX) after shareholders and regulatory bodies approved the transaction.

Following the completed transaction, the Aeroflex business will be consolidated with the British defense contractor’s advanced electronic solutions division and communications and connectivity business group.

Cobham said Monday it expects the acquisition to boost the company’s current 35 percent revenue to about 42 percent pro forma and bring in synergy advantages in the areas of connectivity, space and microelectronics, which the company says are some of Aeroflex’s profitable ventures.

Cobham CEO Bob Murphy said the company made the deal as part of its strategy of “maintaining leading positions in selected higher growth, commercially oriented end markets that increasingly demand more data, connectivity and bandwidth.”

New York-based Aeroflex produces RF and microwave integrated circuits and components for wireless communication products.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles