On Nov 17/09, J.F. Lehman & Company reached an agreement to sell Atlantic Inertial Systems to Goodrich Corporation, for about $375 million, subject to customary government approvals. AIS’ 2009 sales are expected to be approximately $180 million, but that’s expected to grow significantly over the next several years. Hence the price of approximately 9x estimated adjusted EBITDA.
Goodrich saw AIS’ portfolio of inertial sensors, inertial measurement units (IMUs), integrated IMU/GPS systems, stability systems, and terrain avoidance systems as an excellent complement to Goodrich’s guidance, control and navigation systems. AIS joins other recent Goodrich acquisitions such as Sensors Unlimited, TEAC Aerospace, former CROWS manufacturer Recon/Optical, and Cloud Cap Technology.
Science Applications International Corp. (SAIC) in McLean, VA received a prime contract from the Defense Intelligence Agency’s Missile and Space Intelligence Center (MSIC) to provide signature measurement, prediction, and analysis support.
US weapons developers require [pdf] signature measurement of foreign missiles and space weapons to support detection, early warning, discrimination, tracking, engagement, and assessment.
The single award, indefinite-delivery/ indefinite-quantity contract has a 3-year base period of performance, two 1-year options, and a total value of more than $19 million if all options are exercised.
Based at Redstone Arsenal in Huntsville, AL, MSIC manages and produces scientific and technical intelligence on foreign missile and space systems.
NITEK in Sterling, VA received a $16.4 million firm-fixed-price contract to supply 2 Husky Mounted Detection Systems (HMDS), installation, new equipment training, initial spare parts, training manuals and 24 months of sustainment of these systems for the Canadian government.
The HMDS provides troops with enhanced capabilities to detect IEDs and antitank mines along heavily traveled roads…
