Home / M&A Activity / General Atomics Closes Purchase of Miltec From Ducommun

General Atomics Closes Purchase of Miltec From Ducommun

PredatorGeneral Atomics has completed its $14.6 million acquisition of aerospace and defense technical business Miltec Corp. from Ducommun (NYSE: DCO).

Ducommun said Monday the sale of its Miltec businesse is one part of its strategy to reduce company debt.

Miltec provides weapons and military defense systems engineering, technical and program management services for the Defense Department and U.S. intelligence agencies.

General Atomics announced in February its plan to buy Miltec and said it will consolidate the business into its electromagnetic systems group.

Check Also

Darren Conner Promoted to Dewberry Engineering Practice Head

Darren Conner, a 33-year veteran of Dewberry, has been promoted to president of the Fairfax, Va.-based …

Northrop Awarded $697M Navy Contract for EA-18G Aircraft System Upgrades

Northrop Grumman‘s (NYSE: NOC) mission systems business has landed a potential five-year, $697M contract to …