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

F5 to Buy Shape Security for $1B; Francois Locoh-Donou Quoted

F5 Networks (Nasdaq: FFIV) has agreed to acquire Santa Clara, Calif.-based Shape Security for approximately $1B in cash as both companies aim to help government and enterprise customers secure digital experience with integrated offerings.

Paratek Secures $169M Anthrax Antibiotic Development Contract Under HHS Project BioShield

The Department of Health and Human Services has awarded Paratek Pharmaceuticals a potential a five-year, $169M contract to further develop an antibiotic drug as a potential treatment for inhalation anthrax.