General Dynamics has entered into a definitive agreement to acquire Gilbert, Arizona-based Spectrum Astro, Inc, a privately held space systems integrator for the US government.
The transaction, which is expected to close within 60 days, has been approved by the boards of directors of both companies and is subject to regulatory approval. Financial terms have not been disclosed.
According to General Dynamics, Spectrum Astro’s capabilities include manufacturing and integration of spacecraft subsystem hardware, software and ground-support equipment. It has approximately 520 employees, and will become part of General Dynamics C4 Systems, which is headquartered in Scottsdale, Arizona.
‘The US Department of Defence’s growing reliance on satellite-based systems as part of a network-centric approach to warfighting was validated in Operation Iraqi Freedom and other recent US military efforts,’ said Jerry DeMuro, General Dynamics executive vice president and group executive for Information Systems and Technology.
‘This acquisition enhances General Dynamics’ positioning to meet those mission requirements into the future,’ added DeMuro.