06 March 06. Anteon (NYSE:ANT – News) shareholders cleared the sale of the defense software outfit to General Dynamics (NYSE:GD – News). Anteon said 73% of outstanding Anteon shares were voted, and about 98% were cast in favor. Anteon holders will receive $55.50 in cash for each share of Anteon common stock. The transaction is expected to close in the second quarter.
06 Mar 06. For more than 30 yeas, AR Worldwide (originally Amplifier Research) has been recognized as the leading provider of high quality RF amplifiers and related products for RF testing. Through a series of acquisitions, technological innovations, and new product developments over the last few years, the company has expanded its expertise and its services to become the global leader in EMC, wireless test, and beyond. The AR Worldwide family now includes the following companies: AR Worldwide RF/Microwave Instrumentation – Based at the AR Worldwide corporate headquarters in Souderton, PA (a suburb of Philadelphia), the company has earned a reputation for manufacturing and servicing exceptional quality RF power amplifiers, solid state microwave amplifiers, TWT amplifiers, antennas, transient generators, EMC test systems and software, field probes and monitors, test accessories, and RF test system controllers. AR Worldwide Modular RF – Formerly AR Kalmus, located in Bothell, Washington, the company manufactures and services technologically-advanced RF amplifiers and modules that are used primarily in wireless & military communications, electronic warfare, electronic countermeasures, homeland security, and have a variety of medical, scientific and industrial applications. AR Worldwide Modular RF offers a level of customization that enables customers to get cost-effective amplifiers and modules for the most demanding specifications. AR Worldwide Receiver Systems – Previously known as Carnel Labs, the company offers EMI receivers & EMI receiver systems, impulse generators (calibrators), leak detectors, and EMI pollution detectors. AR Europe – The European division provides a complete line of RF solutions and test systems throughout Europe.
03 Mar 06. Safran Reports 23.1% Rise in Net Profit for 2005. French aerospace and telecommunications group Safran reported March 1 a 23.1 percent jump in 2005 net profit to 501 million euros ($598.4 million) from a year ago, on sales up 4.7 percent at 10.58 billion euros. Underlying earnings rose 9 percent to 762 million euros, while orders increased 12 percent to 12.6 billion euros, including a record 1,640 orders for the CFM56 civil aero engine. The company’s Defense and Security division — which posted sales of 1.23 billion euros, up 6.3 percent — accounted for 11 percent of group sales. The Aerospace propulsion division reported sales of 4.49 billion euros, up 4.3 percent. The division includes military engines for the Rafale and Mirage fighter, as well as Turbomeca engines for the NH90 and Tiger helicopters. Operating profit margin rose to 7.2 percent from 6.9 percent in the previous year. Sales for the communications division, which makes mobile phones, fell 2.6 percent to 2.34 billion euros. The company said the division was expected to restore performance. Safran forecast increases in net profit, sales and underlying earnings, but did not give detailed estimates. (Source: Defense News)
08 Mar 06. HLN Technologies Ltd, which supplies components for office automation, said unit HLN Micron Pte Ltd has signed a memorandum of understanding (MOU) on its acquisition of a majority stake in Promax Precision Engineering Pte Ltd. It said it has started due diligence on Promax, which is engaged in the manufacture and sale of precision machine tool accessories. (Source: FT.com)
06 Mar 06. BAE SYSTEMS acknowledged last week that a merger with a major U.S. defense rival was no longer part of company strategy, but officials said they will continue to look for investment opportunities in the world’s premier defense market. Comp