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Tag Archives: defense electronics

Donald DiFrisco Joins Telecommunications Support Services as President

Donald DiFrisco, former CEO of International Surveillance Technology, has been named president of Telecommunications Support Services — a portfolio company of Acorn Growth Companies and provider of technical services to the defense electronics sector. DiFrisco said in a statement released Tuesday he aims to continue TSS’ efforts to innovate and modernize ground-based tactical radar and …

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Elbit System to Supply African Country With Defense Electronic Systems Under $240M Contract

Elbit Systems (Nasdaq: ESLT) has received a two-year, $240 million contract from an unnamed African country to provide directed infrared countermeasure systems that work to defend aircraft against shoulder-fired missiles. The company said Tuesday it will also supply the customer with missile warning, radio, communications and small unmanned aerial systems under the contract. Contract …

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KKR Completes $1.2B Buy of Airbus Defense Electronics Business

Global investment firm Kohlberg Kravis Roberts & Co. (NYSE: KKR) has concluded its approximately $1.2 billion purchase of the defense electronics business of Airbus Group. France-based Airbus first announced the transaction in March 2016 as part of the company’s defense and space portfolio reorganization. Airbus said Tuesday it will maintain a 25.1 percent minority …

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CACI Closes $550M L-3 NSS Govt Services Business Buy; Ken Asbury, Michael Strianese Comment

CACI International (NYSE: CACI) has completed its $550 million cash acquisition of the National Security Solutions business from L-3 Communications (NYSE: LLL) as part of a growth strategy to target enterprise information technology and intelligence markets. CACI said Monday it expects NSS, a mission services provider for the government sector, …

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Bloomberg: Investment Firms Bid on Airbus’ Defense Electronics Business

Airbus Group has received initial acquisition bids for its defense sensor and border security technology assets from private equity companies Blackstone, Carlyle Group and KKR & Co., Bloomberg reported Tuesday. Military technology firms Thales and Rheinmetall are also interested in acquiring the portfolio that generated approximately $1.2 billion in revenue during Airbus’ …

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