Comtech’s net cash proceeds from the transaction amount to approximately $32.5 million, which were partly used to pay down outstanding debt on its existing credit facility, the companies said in a statement published Tuesday.
The closing of the deal comes less than a month after Stellant Systems announced the acquisition of the PST line from Comtech to expand its radio frequency amplification product portfolio.
The transaction secured approval from the companies’ boards of directors.
Comtech will provide financial information regarding the PST transaction during its next quarterly earnings conference.
Dell’s John Garrett says autonomous systems are transforming military and national security operations AI enables machine-speed decision-making for autonomous defense…
Elsevier examines storytelling’s role in research impact reporting The academic publishing company outlines “Quest Story” and “Monster Story” narrative frameworks…
Aether Aerospace has appointed David Radcliffe as chief operating officer The veteran defense executive will oversee operational growth and integration…
