General Atronics Corporation (“GAC”), a Wyndmoor, Pennsylvania based manufacturer of defense electronics, has been acquired by DRS Technologies, Inc. (NYSE:DRS). Founded in 1991, GAC is a leader in the design and manufacture of proprietary components for command, control, communications, computers and intelligence (C4I) systems used primarily by U.S. and international navies. GAC is the leading global supplier of Link 11 Data Terminal Systems for NATO and allied international navies and manufactures and markets ship and ground surveillance radar and infrared imaging systems for U.S. and foreign militaries. GAC also manufactures tactical digital telephones, high frequency communication modems and other equipment for the defense and communications industries. GAC will be renamed DRS Communications Company, LLC and will become an operating unit of DRS Flight Safety and Communications Group.
DRS Technologies provides leading edge products and services to government and commercial customers worldwide, focusing on mission critical defense electronics from rugged computers and peripherals to systems and components in the areas of communications, data storage, digital imaging, electro-optics, flight safety, and space.
DRS acquired GAC in a cash and stock transaction valued at approximately $11 million. Philpott Ball & Werner served as advisor to GAC.
