US $48 million acquisition in homeland security

Citation

(2004), "US $48 million acquisition in homeland security", Aircraft Engineering and Aerospace Technology, Vol. 76 No. 5. https://doi.org/10.1108/aeat.2004.12776eab.007

US $48 million acquisition in homeland security

US $48 million acquisition in homeland security

Keywords: Surveillance,Air safety,Security

Cobham through its Chelton Avionics business group, announces that it has acquired the entire share capital of DTC Communications Inc.(DTC) for a consideration of US $48 million in cash, financed from Cobham's existing resources. DTC has no debt. The company, based in Nashua, New Hampshire, USA employs 111 people. No personnel changes at DTC are anticipated as a result of the transaction; the president and vice presidents of Engineering and Marketing have all signed employment contracts.

DTC is a leading designer and manufacturer of audio surveillance, video surveillance and tracking products for use by law enforcement and government intelligence agencies, and the military world-wide. The company also designs and manufactures tactical communications systems used to transfer critical information for personal protection, to assist in investigations and to link personnel in the field to unmanned aerial vehicles (UAV) and unmanned ground vehicles.

DTC products and markets are highly complimentary to those of Chelton's existing homeland security companies: Orion Electronics Ltd based in Canada and Micromill Electronics Ltd in the UK. All three businesses are positioned to benefit from increased priority and expenditure accorded to homeland security by the world's governments as part of anti-terrorism initiatives.