Fri, Apr 03, 2009
DataPath, Inc. Manages SATCOM For Military, Commercial
Clients
Rockwell Collins announced this week
its intent to acquire satellite-based network communication
solutions provider DataPath, Inc..
DataPath, which has more than 600 employees around the world,
designs, integrates, manages and deploys satellite communication
(SATCOM) systems for military and commercial customers. Its SATCOM
solutions include multi-band SATCOM terminals, network control
software to manage and control communication networks, and global
field support services.
"The acquisition of DataPath will broaden and strengthen our
position in networked communications - an area of rapid growth for
military customers around the world," said Rockwell Collins
Chairman, President and CEO Clay Jones. "DataPath's strong customer
relationships, expansive product line, and experience in developing
satellite communication solutions make it an ideal fit for our
communications portfolio."
"I am very pleased that DataPath is becoming part of the
Rockwell Collins family," said DataPath CEO Tom Dyer. "The
transaction provides our employees with new business opportunities,
our shareholders with liquidity and our company with the resources
necessary to continue to build on its position as a market leader
in the development and delivery of world-class communication
solutions to our customers."
Pursuant to the terms of the agreement, Rockwell Collins will
acquire all outstanding shares of DataPath, Inc. in a cash
transaction worth approximately $130 million.
Of that amount, approximately $110 million is associated with
existing DataPath debt and other obligations. The transaction is
expected to be completed in about 45 days and is subject to
customary conditions to closing, including regulatory and other
approvals. The acquisition is expected to be neutral to Rockwell
Collins' fiscal year 2009 earnings.
More News
Airbus Racer Demonstrator Makes Inaugural Flight Airbus Helicopters' ambitious Racer demonstrator has achieved its inaugural flight as part of the Clean Sky 2 initiative, a corners>[...]
A little Bit Quieter, Said Testers, But in the End it's Still a DA40 Diamond Aircraft recently completed a little pilot project with Lufthansa Aviation Training, putting a pair of >[...]
Line Up And Wait (LUAW) Used by ATC to inform a pilot to taxi onto the departure runway to line up and wait. It is not authorization for takeoff. It is used when takeoff clearance >[...]
Contributing To The Accident Was The Pilot’s Use Of Methamphetamine... Analysis: The pilot departed on a local flight to perform low-altitude maneuvers in a nearby desert val>[...]
From 2015 (YouTube Version): Overcoming Obstacles To Achieve Their Dreams… At EAA AirVenture 2015, FedEx arrived with one of their Airbus freight-hauling aircraft and placed>[...]
Airbus Racer Helicopter Demonstrator First Flight Part of Clean Sky 2 Initiative
See All