KippsDeSanto & Co. Advises ISP Optics Corporation on Sale to LightPath Technologies, Inc.

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KippsDeSanto & Co. is pleased to announce that the sale of its client, ISP Optics Corporation (“ISP” or the “Company”) to LightPath Technologies, Inc. (NASDAQ: LPTH), as previously announced on August 8, 2016, has closed. The Company is a leading manufacturer of advanced infrared optical components, coatings, and optical sub-systems for aerospace and defense, educational and government labs, as well as original equipment manufacturers.

Headquartered in Irvington, NY, with significant manufacturing operations in Riga, Latvia, ISP provides a full range of high performance infrared lenses and coating services used in sensors, military electro-optical products, and infrared imaging cameras. The Company’s broad portfolio of products reflects its expertise providing in-house manufactured Medium Wave Infrared (“MWIR”) and Long Wave Infrared (“LWIR”) lenses, as well as athermal lens systems used in cooled and un-cooled thermal imaging cameras. The Company has also developed advanced manufacturing processes, including Computer Numerical Control (“CNC”) grinding and polishing, optical contacting, coating technologies, continuous and conventional polishing, as well as state-of-the-art diamond turning capabilities. These proprietary in-house technical capabilities, coupled with advanced machinery and experienced technicians, allow ISP to serve its global customer base with optical products and sub-assemblies custom-tailored for diverse specification requirements.

We believe this transaction demonstrates several key trends in the aerospace and defense M&A environment:

  • Strategic buyers remain focused on acquisitions that fill capability gaps around existing and future engagements, while also enabling the acquirer to expand its customer base through geographic expansion or increased scope of capabilities
  • Value continues to be placed on companies with attractive and established client relationships spread across strategically diverse end-markets
  • Continued interest in transformational acquisitions that provide revenue / cost synergies and present long-term growth opportunities alongside enhanced profitability

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace, defense, and government technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

KippsDeSanto & Co., member FINRA / SIPC, is not affiliated with other companies mentioned herein

Nabco

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KippsDeSanto & Co. Advises TeraLogics, LLC on its Sale to Cubic Corporation

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KippsDeSanto & Co. is pleased to announce the sale of our client, TeraLogics, LLC (“TeraLogics” or “the Company”), to Cubic Corporation (“Cubic”). TeraLogics is a leading provider of real-time Full Motion Video (“FMV”) processing, exploitation, and dissemination (“PED”) products and solutions for the Department of Defense (“DoD”), Intelligence Community (“IC”), and commercial customers. The Company’s products sit at the center of the DoD’s FMV Intelligence, Surveillance, and Reconnaissance (“ISR”) dissemination architecture. Based in Ashburn, VA, TeraLogics architected, designed, developed, and currently supports the DoD’s enterprise Airborne ISR (“AISR”) video portal and dynamic multicast dissemination network. TeraLogics’ ability to develop real-time video analysis and delivery software for FMV is complementary to Cubic’s existing tactical communications portfolio, and establishes Cubic as a key player in the ISR FMV market.
TeraLogics’ flagship product, Unified Video® is the situational awareness (“SA”) solution for the DoD, IC, and various bilateral coalitions, and supports interactions across the entire AISR community. TeraLogics’ Unified Video® software provides multilayered, human-centered context to video by integrating geospatial data, collaborative data, human- or sensor-provided tags, previously archived video, and metadata with live, real-time streams. With deep and established satellite communications and ISR delivery expertise, TeraLogics is a leader in FMV ISR and has close relationships with the U.S. Unified Combatant Commands (“COCOM”), National Geospatial Agency (“NGA”), Defense Information Systems Agency (“DISA”), and various commercial customers.

We believe this transaction demonstrates several key trends in the Defense Technology and C4ISR M&A environment:

Buyers place premium value on companies with differentiated and innovative solutions in support of highly visible and critical C4ISR missions
Defense integrators seek strategic acquisitions to enhance depth of technology, proprietary solutions, and intellectual property to complement existing offerings
DoD and IC users continue to demand advanced video intelligence solutions for SA and real-time applications to manage the rapid ingest of video data
There is value in strong client relationships and embedded positions on mission-critical programs
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace, defense, and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

KippsDeSanto & Co. Advises Sensor Technology Systems, Inc. and Diffraction Ltd., wholly-owned subsidiaries of The O’Gara Group, Inc., on Sale to Steiner-Optik GmbH

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KippsDeSanto & Co. is pleased to announce the sale of Sensor Technology Systems, Inc. (“STS”) and Diffraction Ltd. (collectively, the “Companies”), subsidiaries of The O’Gara Group, Inc. (“TOG”), to Steiner-Optik GmbH.  The Companies provide industry leading advanced situational awareness and intelligence, surveillance, and reconnaissance (“ISR”) solutions for the Department of Defense (“DoD”), Intelligence Community (“IC”), law enforcement, foreign government agencies, and select commercial customers.

STS (based in Beavercreek, OH), is a premier provider of mission-critical vision, beacon, and laser systems to support identification, surveillance, tagging, tracking, and locating, ultimately providing forward operators with decisive advantages in austere conditions, both day and night.  Diffraction (based in Burlington, VT), supports STS through high-end research and development capabilities, which serve to enhance existing STS solutions, as well as develop new products.  Together, the Companies have an established presence in the design and development of night vision systems, Heads Up Displays (“HUD”), and a suite of infrared imagers, illuminators, pointers, and thermal beacons.  The Companies continue to build upon extensive operational expertise supporting high-profile customers and covert Special Operations Forces (“SOF”) missions.  Through its partnership with Steiner-Optik GmbH, the Companies expect to deliver additional value to current customers, while expanding into emerging opportunities and adjacent markets with significant growth potential.

We believe this transaction demonstrates several key trends in the defense technology M&A environment:

  • Commercial buyers seeking to acquire high-end, proprietary defense technology products to complement existing solutions for use in commercial applications
  • Value continues to be placed on companies with differentiated technologies focused on ISR capabilities that improve situational awareness and enhance probability of mission success
  • Importance of entrenched relationships with a diverse, well-funded customer base that supports demanding missions (e.g., U.S. Special Operations Command)

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace, defense, and technology companies.  For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

PRESS RELEASE

Beretta Holding Acquires Two Companies in U.S., STS and Diffraction Ltd.

  • The two U.S. companies sell highly specialized products and systems mainly utilized for night vision applications
  • The Group increases its presence in the United States, where it already generates more than 50% of revenues
  • The two acquisitions will be part of the Electro-Optics Division

Gardone Val Trompia (BS), January 4, 2016 – Beretta Holding, through its German subsidiary Steiner, announces the acquisition of STS, based in Beavercreek, Ohio (USA), and Diffraction Ltd, based in Burlington,  Vermont (USA), both held by The O’Gara Group. The companies offer leading edge solutions in the field of night vision and related technologies relying on the strength of a solid and multifunctional team of highly skilled engineers. The two acquisitions represent an important strategic step in increasing the Group’s product offering in the field of electro-optics.

STS and Diffraction’s products utilize advanced technology recognized worldwide and primarily used by Western countries’ special forces, including the United States (all branches of the US military, government and law enforcement agencies) to many other agencies around the world (including Canada, UK, France, Germany, Italy, France, Switzerland, Norway, etc.).

The acquisition was completed on December 31st using the Group’s own financial resources without any external funding.

STS and Diffraction allow a further strengthening of Beretta Holding into the electro-optics sector, which currently accounts for approximately 15% of the total revenue of the Group, with offerings that includes a range of products and solutions in the electro-optics field, including aiming devices, binoculars, laser pointers and portable illumination systems.

This partnership is expected to drive a significant increase of technology and production synergies in the design and marketing of new products and solutions in an industry characterized by a high technological content, where the Group will continue to analyze the possibilities of further growth and integration.

An additional strategic benefit of the transaction for the Beretta Group is the ability to strengthen its presence in the US, where the Group currently generates more than 50% of sales and where investments for the transfer of the activities of Beretta USA to a new production facility located in Tennessee are currently being completed.

Pietro Gussalli Beretta, President and CEO of Beretta Holding, said: “Through the acquisition of STS and Diffraction, our Group achieves a fundamental step in its growth plan to achieve a leadership position in the field of electro-optics. We will continue our process of internationalization and investment in R&D to support the growth of all the companies of the group and to design products and solutions that are always innovative and competitive”.

Beretta Holding

Beretta Holding SpA is an international industrial group (94% of turnover is made abroad), with approximately 3,000 employees, active in the production and distribution of light firearms, used for sports, hunting and self-protection, clothing, accessories and advanced systems in the field of electro-optics.  It is based in Gardone Val Trompia (Brescia) and coordinates the activities of 26 companies operating in the main European countries, the United States (where it accounts for about 50% of sales) and in the major countries of other continents. Since inception to date the turnover and the number of subsidiaries is growing as a result of a careful policy of investments and strategic acquisitions, carried out in order to gradually expand the range of products offered and to ensure a direct commercial presence in the most important markets where it operates. Consolidated revenues in 2014 amounted to Euro 623 million, EBITDA to Euro 89.3 million and net income to Euro 40 million.

For more information:

Moccagatta Associati

8645.02 8645.1695 – 02 8645.1419

E: segreteria@moccagatta.it

KippsDeSanto & Co. Advises ForceX, Inc. on its Sale to L-3 Communications

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KippsDeSanto & Co. is pleased to announce the acquisition of our client, ForceX, Inc. (“ForceX” or the “Company”), by L-3 Communications (“L-3”) (NYSE:LLL). ForceX is an industry leader in Intelligence, Surveillance, and Reconnaissance (“ISR”) software development and hardware integrations, and geospatial application technology programs, supporting the Department of Defense (“DoD”), other civilian and government agencies, and security organizations.

Based in Nashville, TN, ForceX is a leading developer of highly-customized mission-critical solutions to support navigation, surveillance, tracking, command and control (“C2”) solutions, increasing situational awareness, forward operator safety, and the probability of mission success. ForceX has established itself as a leader in the custom software solutions space, boasting deep operational expertise supporting mission-execution platforms, battlefield and weapons management systems, intelligence exploitation, and covert Special Operations Forces (“SOF”) missions.  Through its partnership with L-3, ForceX expects to deliver even greater value to its customers, as well as pursue additional growth areas.

We believe this transaction demonstrates several key trends in the defense M&A environment:

  • Buyers continue to place premium value on companies with differentiated ISR software capabilities that improve situational awareness and operator decision-making
  • Importance of relationships with mission-critical programs and customers that support the most sensitive and classified missions (e.g., U.S. Special Operations Command)
  • Major defense integrators continue to seek revenue synergies and improve market sector positioning through selective M&A activity

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace, defense, and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

L-3 Acquires ForceX, Inc.

– Industry Leader Specializing in ISR Software Development and Geospatial Application Technology Programs –

NEW YORK–(BUSINESS WIRE)–Oct. 13, 2015– L-3 Communications (NYSE:LLL) announced today that on October 13, 2015 it acquired ForceX, Inc., which the company has renamed L-3 ForceX. L-3 ForceX will be incorporated into L-3’s Integrated Sensor Systems (ISS) sector within the Electronic Systems business segment. Terms of the transaction have not been disclosed, but the acquisition is expected to be immediately accretive.

Based in Nashville, Tenn., L-3 ForceX is an industry leader specializing in ISR mission management software and geospatial application technology programs, offering an array of advanced products, including cueing system software, hardware and video algorithms, and wide-area sensor integration solutions and software. The company’s proprietary processing, exploitation and dissemination (Tactical PED) capability provides an integrated tactical operational picture, allowing users to make critical decisions in real time. The business also provides training courseware, materials and turnkey classroom training solutions for its customers and currently supports several key Department of Defense ISR initiatives and classified programs. Its customer base includes the U.S. Air Force, U.S. Special Operations Command, the Naval Surface Warfare Center and a variety of DoD agencies. The business also has existing relationships with several defense prime contractors as well as numerous L-3 business units. L-3 ForceX is a highly customer-focused business that is expected to accelerate the overall growth prospects of the ISS sector.

“We have been strategically repositioning our portfolio by adding new capabilities that are aligned with our customers’ priorities, and we are pleased to announce this acquisition, which furthers this objective,” said Michael T. Strianese, L-3’s chairman, president and chief executive officer. “ForceX complements L-3’s core business, enhancing our product and system capabilities to compete in new markets, and expands our customer base.”

L-3 ForceX is expected to add approximately $30 million in sales for the year ending December 31, 2016. Goodwill and other intangible assets from this acquisition are expected to be deductible for income tax purposes.

Headquartered in New York City, L-3 employs approximately 45,000 people worldwide and is a prime contractor in aerospace systems and national security solutions. L-3 is also a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. The company reported 2014 sales of $12.1 billion.

To learn more about L-3, please visit the company’s website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s website and is readily accessible.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.

KippsDeSanto & Co. Advises Arkansas Power Electronics International, Inc. on its Sale to Cree, Inc.

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KippsDeSanto & Co. is pleased to announce the sale of our client, Arkansas Power Electronics International, Inc. (“APEI” or “the Company”), to Cree, Inc. (“Cree”).  APEI develops, designs, and manufactures high performance power electronics and wireless systems, including motor drives, inverters, power modules, and DC / DC converters.  APEI has been a recognized industry leader in power modules and power electronics applications.   Based in Fayetteville, AR, APEI sits at the center of the SiC power module market, with a focus on providing high performance modules and systems and driving a market shift from traditional silicon-based power electronics towards SiC components.

We believe this transaction demonstrates several key trends in the electronics M&A environment:

  • Attractiveness of proprietary, differentiated technologies
  • Strategic acquisition to enhance technology depth, gain customer reach, and vertically integrate manufacturing to quickly capitalize on a rapidly growing market
  • Growing demand for high performance, highly durable power electronics components for aerospace, defense, and commercial markets

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

DURHAM, N.C., July 9, 2015 – Cree, Inc. (Nasdaq:  CREE), a market leader in silicon-carbide (SiC) power and RF products  today announced the acquisition of APEI, a global leader in power  modules and power electronics applications. Combining two highly complementary innovators, the acquisition enables Cree’s Power and RF  business to extend its leadership position and help to accelerate the  market for high-performance, best-in-class SiC power modules.

This acquisition strengthens Cree’s market-leading position for SiC power electronics, infusing the Power and RF business with additional  intellectual property and applications expertise at the systems level  from APEI. The companies’ shared mission to deliver the industry’s most  innovative SiC power products has already led to successful  collaboration on multiple government contracts. In 2014, the  co-development of a High-Performance Silicon Carbide-based Plug-In  Hybrid Electric Vehicle Battery Charger on an ARPA-E program resulted in  an R&D 100 award, recognizing the 100 most innovative technology  advancements of the year.

“Adding this expert team of innovators and portfolio of patents will enable us to further disrupt and expand the market,” said Frank Plastina, executive vice president, Cree Power and RF. “Extending our  research and development capabilities with APEI, a leader in wide bandgap power R&D, will help us accelerate delivery of a full spectrum of SiC power modules to meet customer requirements for performance and cost.”

“Joining forces with the market leader in silicon-carbide power gives  us an opportunity to commercialize our products faster,” said Dr.

Alex  Lostetter, president and CEO of APEI. “This ideal combination of chip  technology and packaging will give us first-mover advantage, helping us  to set the industry standard for power modules.”

The APEI team, now Cree Fayetteville, Inc., will continue to be based  in Fayetteville, AR., and will operate as part of Cree’s Power and RF  business. Under the terms of the agreement, Cree will acquire APEI in a  merger transaction. The transaction is not targeted to have a material  impact on Cree’s fiscal 2016 earnings.

About Cree, Inc.

Cree is leading the LED lighting revolution and making energy-wasting  traditional lighting technologies obsolete through the use of energy-efficient, mercury-free LED lighting. Cree is a market-leading  innovator of lighting-class LEDs, LED lighting and semiconductor products for power and radio-frequency (RF) applications.

Cree’s product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree® products are driving improvements in applications such as general illumination, electronic  signs and signals, power supplies and solar inverters.

KippsDeSanto & Co. Advises Kutta Technologies, Inc. on its Sale to Sierra Nevada Corporation

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KippsDesanto & Co. is pleased to announce the acquisition of our client, Kutta Technologies, Inc. (“Kutta” or the “Company”), by Sierra Nevada Corporation (“SNC”).   Kutta is a high-tech designer, developer, and manufacturer of C4ISR software and hardware applications supporting the Department of Defense (“DoD”), leading defense industry prime contractors, and commercial customers.  Kutta has created a leading suite of solutions that allow for advanced Unmanned Aerial Systems (“UAS”) command and control (“C2”) integration of UAS into the National Airspace System (“NAS”).  This acquisition provides a complementary platform of UAS solutions to SNC’s expanding multi-mission ISR products and services.

Based in Phoenix, AZ, Kutta is a leading developer of mission-critical C2 UAS solutions aimed at improving situational awareness, forward operator safety, the probability of mission success, and communication links.  Kutta’s UAS products and solutions solve UAS C2 problems with licensable software components and hardware products.  For example, Kutta has designed and fielded a proprietary solution that provides a field-operator with a system to safely and autonomously route multiple UAS and control on board sensors.  The Company’s products are designed to meet The North Atlantic Treaty Organization’s (“NATO”) Standardization Agreement 4586 standards and the Federal Aviation Administration (“FAA”) DO-178C guidelines.  Kutta has also developed proprietary solutions to address manned / unmanned teaming (UAS control from the cockpit of manned aircraft).  Additionally, Kutta is a leader in rugged and survivable communications systems crucial to first responders and the mining industry, holding a Part 23 Mine Safety and Health Administration (“MSHA”) certification for its Digital Radio for Underground Miners (“DRUM”) radio system. Through its partnership with SNC, Kutta expects to deliver even greater value to its customers, as well as pursue additional growth areas.

We believe this transaction demonstrates several key trends in the defense M&A environment:

  • Value continues to be placed on next-generation UAS and related C4ISR solutions in support of mission-critical programs
  • Growing demand for highly-specialized solutions addressing UAS NAS integration for both commercial and defense applications
  • Buyers looking to acquire proprietary technology and intellectual property to complement and expand upon existing solutions

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

Sierra Nevada Corporation Acquires Kutta Technologies, Inc. to Expand its Unmanned Technologies

Sierra Nevada Corporation (SNC) is proud to announce the successful acquisition of its newest wholly-owned subsidiary, Kutta Technologies, Inc. (Kutta) located in Phoenix, Arizona.

SPARKS, Nev. (PRWEB) April 23, 2015 – Sierra Nevada Corporation (SNC) is proud to announce the successful acquisition of its newest wholly-owned subsidiary, Kutta Technologies, Inc. (Kutta) located in Phoenix, Arizona. Kutta is a leader in Unmanned Technologies with specialized capabilities in command/control (C2), manned-unmanned teaming, visualization and airspace management/deconfliction. The company will continue its operations in Phoenix, while supporting SNC’s Integrated Missions Systems (IMS) business area in both its Hagerstown, Maryland and Huntsville, Alabama locations.

“We’re excited to have Kutta, with its excellent management team join the SNC family,” said SNC President Eren Ozmen. “With 15 years of experience in unmanned systems, Kutta brings a wealth of exciting technologies and capabilities to greatly expand our technical offerings. The acquisition will also allow Kutta’s products to be exposed to a much larger audience through SNC.”

SNC’s IMS business area currently provides world-class aviation integration, intelligence, surveillance and reconnaissance, and unmanned integration. This acquisition builds upon a long-standing, successful working relationship between the two companies. It will expand SNC’s capabilities and products, providing customers with a comprehensive set of unmanned system control technology, magnetic wave radios, manned-unmanned teaming technologies and national air space deconfliction technology.

“Kutta possesses a robust intellectual property portfolio which positions it at the forefront of the Unmanned Aerial Systems (UAS) C2 communications and visualization technologies marketplace,” said Tim Owings, corporate vice president of SNC’s IMS business area. “SNC’s relationship with Kutta has proven to be very collaborative. We look forward to a prosperous future together.”

“We are very excited to be a part of the SNC IMS group,” said Doug Limbaugh, former CEO of Kutta Technologies. “Prior to this acquisition, we worked with SNC very successfully on multiple projects and found their leadership and engineering teams to be first class. Now as part of a wholly-owned subsidiary of SNC, we know that together we can grow our UAS and communications products to a whole new level.”

Kutta UAS products and solutions solve UAS C2 problems with licensable software components and hardware products. The company’s products are designed to meet The North Atlantic Treaty Organization’s (NATO) Standardization Agreement 4586 standards and the Federal Aviation Administration (FAA) DO-178C guidelines. Kutta is also a leader in rugged and survivable communications systems crucial to first responders and the mining industry, holding a Part 23 Mine Safety and Health Administration certification for its Digital Radio for Underground Miners (DRUM) radio system.

About Sierra Nevada Corporation
Sierra Nevada Corporation (SNC), headquartered in Sparks, Nevada, is among the “World’s Top 10 Most Innovative Companies in Space.” Over the last 30 years, under the leadership of President Eren Ozmen and CEO Fatih Ozmen, SNC has become one of America’s fastest-growing private companies and the Top Woman-Owned Federal Contractor in the United States. With a workforce of over 3,000 personnel, SNC now has 32 locations in 18 states and three locations in Europe. SNC has a reputation for rapid, innovative, and agile technology solutions in electronics, aerospace, avionics, space, propulsion, micro-satellite, aircraft, and communications systems.

SNC has six unique business areas that are dedicated to providing leading-edge solutions to its dynamic customer base. SNC has a proven track record of success spanning more than five decades. It is focused on providing its customers with the very best in diversified technologies and continues to focus its growth on the commercial sector through internal advancements in dual-use applications and outside acquisitions including the emerging markets of telemedicine, Cyber and net-centric operations.

For more information on SNC visit http://www.sncorp.com and follow us at Facebook/Sierra Nevada Corporation. Sierra Nevada Corporation and SNC are trademarks of Sierra Nevada Corporation.

About Kutta Technologies
Kutta Technologies (Kutta) is a high-tech research & development, manufacturer and supplier of command-control-communications software applications, interconnects, components and subsystems for Department of Defense, Department of Homeland Security and National Institute of Occupational Safety and Health programs. Kutta designs and develops innovative communication and visualization technologies that revolutionize industries. We employ highly-experienced mathematicians, physicists, and electrical and software engineers, and have created a culture and environment for delivering high-impact results. For more information on Kutta visit http://www.kuttatech.com.

KippsDeSanto & Co. Advises Digital Results Group on its Sale to Novetta Solutions

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KippsDeSanto & Co. is pleased to announce the sale of our client, Digital Results Group, Inc. (“DRG”) to Novetta Solutions, LLC (“Novetta”), a portfolio company of Arlington Capital Partners.  DRG delivers next generation, multi-source intelligence collection, command, control, and exploitation (“C2 / PED”) solutions to customers across the defense and intelligence communities.  A critical differentiator of the Company’s technology is the ability to seamlessly process operations and intelligence data from a wide range of systems, platforms, and sensors, and then provide tools to visualize and exploit this information from anywhere across the network.  The transaction provides hardware and software solutions for multi-INT data collection, collaboration, and exploitation to Novetta’s growing suite of advanced analytics and mission-critical analysis solutions.

Based in Boston, MA, DRG is a leader in the development of innovative solutions that support critical defense, intelligence, and security missions.  By fusing real-time sensor, operations, and intelligence data into a common operating picture and exploitation tool set, DRG’s solutions deliver best-in-class capabilities to support operations and analysis from the tactical edge to the global enterprise.  DRG’s browser-based technology solutions significantly improve collaboration, understanding, mission execution, and outcome. DRG’s solutions are deployed to support a range of mission profiles to include ISR / persistent surveillance, force protection, precision fires, mission support / battle command, and intelligence collection, analysis, and reporting.  At the core of the platform is a widely-fielded, C2 / PED solution called Ageon ISR, which has been tailored to meet unique mission requirements and computing environments to provide unparalleled mission flexibility.

We believe this transaction demonstrates several key trends in the aerospace / defense and government technology solutions M&A environment:

  • Premium value placed on companies with evolutionary business models that deliver innovative solutions supporting critical C4ISR missions
  • Buyers are looking to acquire proprietary products, technology, and intellectual property to complement and expand upon existing solutions
  • Value of strong relationships with well-funded customers in priority budget areas

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

KippsDeSanto & Co. Advises Ampex Data Systems on Its Sale to Delta Information Systems

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KippsDeSanto & Co. is pleased to announce the sale of our client, Ampex Data Systems Corporation (“Ampex” or “the Company”), to Delta Information Systems, Inc. (“Delta”). Ampex delivers innovative aerospace electronic solutions to enable high performance ruggedized airborne data storage and recording for mission and flight test operations, in support of a diverse, global customer base that includes blue chip Original Equipment Manufacturers (“OEM”), Tier 1 suppliers, and military agencies. Ampex differentiates from its competitors through a suite of highly-proprietary designs and software, as well as a history of investment in intellectual property, to underpin a unique set of products for the collection of digital image, sensor, and complex avionics data across several aircraft and ground platforms. Through this acquisition, Delta is able to combine the Company’s technologies with its own line of video communications and aerospace telemetry products to capitalize on the growing addressable market for ruggedized data acquisition and airborne network file servers.

Based in Redwood City, CA, Ampex is an aerospace electronics company focused on designing and producing high capacity, high performance ruggedized data recorders and network file servers used in flight testing programs and intelligence, surveillance, and reconnaissance (“ISR”) missions, with a focus on functionality and compatibility with cutting-edge sources. The Company’s extensive engineering capabilities, industry certifications, and specialized product approaches have established it as a pioneer in the airborne data acquisition field; Ampex is one of a few suppliers in the world with the Chapter 10 recording certification, enabling it to meet the range of highly-stringent mil-spec recording standards and construction specifications. Ampex also boasts an experienced team of subject matter experts and thought leaders in the fields of airborne communications technology, ruggedization, and sensor electronics. Given recent investments in technology upgrades and new product releases, as well as the increasing role of ISR and data acquisition in global aircraft operations, the Company is well-positioned for growth in the aerospace electronics / sensors market.

We believe this transaction demonstrates several key trends in the aerospace / defense and government technology solutions M&A environment:

  • Continued M&A activity within lucrative aerospace electronics market
  • Strategic acquisitions by mid-sized aerospace / defense companies to enhance technology depth and customer reach in order to catalyze growth
  • Attractiveness of sellers with thought leadership and extensive intellectual property, creating barriers to entry in high growth, emerging technology areas

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

Delta Information Systems, Inc. Completes Acquisition of Ampex Data Systems Corporation

Horsham, PA, October 28, 2014 – We are very pleased to announce that Delta Information Systems, Inc. has completed the acquisition of Ampex Data Systems Corporation (ADSC) of Redwood City, CA. ADSC is a leading supplier of high-capacity, high-performance digital storage systems capable of functioning in demanding environments on land, at sea or in the air.Delta Information Systems, Inc. Completes Acquisition of Ampex Data Systems Corporation

“We are very excited about our new relationship with ADSC. For nearly 70 years, Ampex Corporation has been the acknowledged leader in recording and storage technology and Ampex Data Systems Corporation represents the future of this storied legacy making world class products available to aviation and defense markets. The ADSC product lines provide a strategic complement to the product lines of our Delta Digital Video, GDP Space Systems and Acroamatics business areas” said Gary Thom, President of Delta Information Systems, Inc. “We expect this acquisition to help position us to provide Best-of-Breed solutions for Intelligence, Surveillance and Reconnaissance (ISR) mission recording and transmission as well as complementing our flight test telemetry product offerings.”

“We are very pleased that this acquisition will provide our customers with continuing service and support by a company whose culture and values very closely match our own” said Larry Chiarella, President of Ampex Data Systems Corp. Ampex Data Systems Corp. will continue to operate under its own name as a wholly owned subsidiary of Delta Information Systems located in Redwood City, CA, and will continue to provide outstanding products and services to new and existing customers.

About Delta Information Systems, Inc.: Delta Information Systems, Inc., located in Horsham, PA, is a developer and manufacturer of electronic equipment in two high technology business areas. Delta Digital Video (DDV) produces video compression and video scan conversion products for military, law enforcement and remote monitoring applications. A key product area is rugged airborne video compression units used in Unmanned Aerial Vehicles. GDP Space Systems and our newly acquired Acroamatics, Inc. are recognized industry leaders supplying high quality state-of-the-art aerospace telemetry products for flight test and satellite command and control applications. GDP’s Next Generation Diversity Combining Best Source Selector product was key in the qualification of the Joint Strike Fighter as well as a variety of other flight test and launch programs. Acroamatics’ Telemetry Data Processor product line provides critical support for flight test and range safety processing and display requirements. Delta is committed to producing high quality, defect free products and has a Quality Management System that is certified to ISO9000:2008/AS9100C.

About Ampex Data Systems Corp.: Ampex Data Systems Corporation (“ADSC”) is headquartered in Redwood City, California with a service center in Colorado Springs, Colorado. ADSC has wholly owned subsidiaries in Great Britain, Ampex Great Britain, Ltd., and Japan, Ampex Japan, Ltd. Its products are also offered in other major overseas markets through distributors. The principal products produced by the company are high-capacity, high-performance digital storage systems capable of functioning in demanding environments on land, at sea or in the air. ADSC products are essential for defense applications which need to record video, telemetry or other mission critical data from aircraft, satellites and submarines. These products are also used in flight and sensor test applications.

KippsDeSanto & Co. Advises General Dynamics Advanced Information Systems, Inc. on the Sale of Its Advanced Systems Line of Business to MacDonald, Dettwiler and Associates Ltd.

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KippsDeSanto & Co. is pleased to announce the sale of the Advanced Systems line of business (the “Company”) of General Dynamics Advanced Information Systems, Inc. (“GDAIS”) to MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX:MDA).  The transaction affords new opportunities for MDA, a Canadian based publicly traded company, to support additional surveillance and intelligence programs in the United States.

Based in Ypsilanti, Michigan, the Advanced Systems line of business is a leader in the design, development, and production of radar and other information sensors for the U.S. government.  The Advanced Systems line of business is strategically positioned given shifting focus towards strategic national security areas of interest that require advanced Intelligence, Surveillance, and Reconnaissance (“ISR”) capabilities.

We believe this transaction demonstrates several key trends in the aerospace / defense and government technology solutions M&A environment:

  • Continued trend of corporate divestitures as businesses of all sizes shape their portfolio to focus on the core
  • Attractiveness of differentiated technology solutions in mission-critical markets (e.g., intelligence, C4ISR)
  • Emphasis on entrenched and long-standing relationships with coveted IC customers

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

MDA Completes Strategic Capability Acquisition in the United States

VANCOUVER, Oct. 3, 2014 /CNW/ – MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has closed the acquisition of Advanced Systems, a line of business from General Dynamics Advanced Information Systems, Inc., announced in July 2014.? This business will become part of MDA Information Systems LLC.

Located near Detroit, Michigan, the Advanced Systems business has approximately 170 employees and generates annual revenues of approximately US$40 million. The business has over 50 years of in-depth experience in development and application of radar and other information sensors for the U.S. Government.  This unique capability is expected to strengthen the Company’s ability to pursue future opportunities in the U.S. market.

About MDA

MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.

MDA’s business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.

MDA’s established global customer base is served by more than 4,800 employees operating from 11 locations in the United States, Canada, and internationally.

The Company’s common shares trade on the Toronto Stock Exchange under the symbol “MDA.”