Hello, Guest!
  • Thursday, April 18, 2024

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.

Video of the Day

Related Articles

Army Begins Market Research for ACCESS Acquisition Effort Contract Awards

Army Begins Market Research for ACCESS Acquisition Effort

The U.S. Army has started soliciting information from stakeholders to help inform its acquisition approach for the planned Army Contracting Command Enterprise for Sourcing Services procurement program, also known as ACCESS. ACCESS will be the successor to the multiple-award Responsive Strategic Sourcing for Services indefinite-delivery/indefinite-quantity contract, according to a request for information published Wednesday. The

Head of DHS Procurement Paul Courtney Receives 2024 Wash100 Award From Jim Garrettson News

Head of DHS Procurement Paul Courtney Receives 2024 Wash100 Award From Jim Garrettson

Paul Courtney, chief procurement officer for the Department of Homeland Security, accepted his 2024 Wash100 Award from the award’s founder, Executive Mosaic CEO Jim Garrettson, in a recent in-person meeting. The Wash100 Award is bestowed on the 100 individuals EM’s discerning voting body determines are the foremost change-makers in government contracting and the federal sector. Candidates are evaluated

Appian VP Jason Adolf on AI & Automation’s ‘Profound Impact’ on Government Efficiency, Effectiveness Artificial Intelligence

Appian VP Jason Adolf on AI & Automation’s ‘Profound Impact’ on Government Efficiency, Effectiveness

For the past 20-plus years, Jason Adolf has helped government agencies identify and implement technologies that help them modernize for the present and the future. As vice president for global public sector at Appian, he works closely with defense and civilian agencies as well as state and local government and education institutions to help them