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  • Friday, April 19, 2024

Curtiss-Wright Closes $400M PacStar Buy

Curtiss-Wright (NYSE: CW) has wrapped up its $400M cash acquisition of Portland, Oregon-based Pacific Star Communications, a rugged communications technology provider to the military sector.

PacStar, which is projected to earn more than $120M in 2020 sales. will operate under its new parent organization's defense business segment, Curtiss-Wright said Monday.

The Davidson, North Carolina-based defense electronics supplier first announced the deal in September and noted it expects the purchase to be accretive to its adjusted diluted earnings per share during the first year of ownership

The combined firm plans to integrate PacStar's software and hardware offerings with Curtiss-Wright's commercial off-the-shelf data processing and management platforms to support the U.S. military's modernization efforts.

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