General Atomics has agreed to acquire aerospace and defense technical services business MiltecÂ from electronics manufacturing company Ducommun for approximately $14.6 million cash.
The transaction is subjectÂ to customary closing terms and is intended to increase General Atomics’ technical expertise in developing small satellites, hypersonic vehicles and similar platforms, General Atomics said Thursday.
Hunstville, Alabama-based Miltec, whichÂ generatedÂ aboutÂ $28.2 million in sales duringÂ 2015, works with military customers to design, build, integrate and test weapon systems.
Miltec alsoÂ provides technology engineering and program management services to defense and intelligence organizations, Ducommun noted.
General Atomics hasÂ indicated it willÂ integrate the business into the company’s electromagnetic systems groupÂ upon completion of the acquisition process.
KippsDeSanto & Co.Â served as Ducommun’s financial adviser in the transaction.