Dec 03, 2009 17:57 UTC
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.
As James Hasik, our February 2009 guest author of “Arming the Bug Hunt: Industry Changes and Opportunities” points out, the most interesting fact is never mentioned in the releases:
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Dec 03, 2009 12:50 UTC
Houston-Galveston
Navigation Channel Map
(click to enlarge)
Weston Solutions in Houston, TX received a $23.2 million firm-fixed-price task order under a multiple award task order contract (W912BV-08-D-2012) to repair levees along the Houston-Galveston navigation channel.
The firm will perform levee repairs, shore protection, and channelization within placement areas and beneficial use sites along the channel…
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Dec 03, 2009 10:57 UTC
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.
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Dec 03, 2009 10:37 UTC
NITEK’s HMDS Vehicle
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…
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