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  • Tuesday, April 23, 2024

CPI to Buy General Dynamics’ SATCOM Technologies Business; Bob Fickett Quoted


Bob Fickett

Communications & Power Industries has agreed to acquire General Dynamics’ (NYSE: GD) antenna systems business for an undisclosed sum to expand its portfolio of communications products for military, government and commercial clients.

CPI said Monday transaction is expected to be finalized before the end of 2019, subject to customary closing conditions.

SATCOM Technologies is part of General Dynamics’ mission systems business unit. It designs and produces satellite communications antenna platforms used in defense, scientific and commercial applications as well as offers installation and engineering support and related radio frequency platforms and electronics.

“Satellite communications technology plays a vital role in modern communications, serving the seemingly insatiable thirst for more bandwidth and greater speeds,” said Bob Fickett, president and CEO of CPI. “Acquiring SATCOM Technologies enables us to provide CPI’s customers with a wide range of complementary products, capabilities and resources to support this dynamic and growing market, making it an excellent fit for CPI.”

Palo Alto, Calif.-based CPI manufactures electronic components and related subsystems used in the generation, reception and transmission of microwave signals for military and commercial applications.

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