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WASHINGTON – On March 14, Cubic Corporation, a defense company, announced its intention to buy Nuvotronics space hardware supplier for $ 64 million in cash.
Nuvotronics, based in Durham, North Carolina, will strengthen Cubic's secure communications portfolio, which includes GATR inflatable satcom terminals used by the US military and other customers, Cubic said.
The acquisition includes a potential gain of up to $ 8 million, in addition to the original purchase price of $ 64 million, announced San Diego-based Cubic.
Formed in 2008, Nuvotronics manufactures multi-element array antenna systems, filters, diplexers and other RF components for the space segment, as well as for other industries such as cellular 5G communications. PolyStrata is the most popular innovation of the company. It is a patented microfabrication process, developed with the US Government's Advanced Defense Research Projects Agency, to produce RF components at lower cost.
"Nuvotronics' PolyStrata technology will significantly strengthen our protected communications business and enable Cubic to address new markets for high-priority dual-use technologies in the areas of space, electronic warfare, hypersonic communication and 5G, "said Mike Twyman, president of Cubic Mission Solutions. declaration.
Nuvotronics President David Sherrer declined to comment on the acquisition.
Last year, Nuvotronics received a NASA award for innovation research in small businesses and a multi-million dollar order from an anonymous defense sector supplier for communication systems related to space.
Cubic's GATR satellite antennas look like inflatable beach balls and allow for quick communication in remote locations. The Army is authorized to purchase GATR inflatable antennas with a maximum value of $ 522.5 million, as well as training, spare parts and equipment, under the auspices of the Army. an amendment to the contract entered in August 2018.
First responders have also deployed GATR antennas following natural disasters such as Hurricane Maria in 2017.
Cubic said it expects the acquisition to have a positive impact on earnings per share by the second full year of operations.
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