• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Excelitas Qioptiq banner

BATTLESPACE Updates

   +44 (0)77689 54766
   

  • Home
  • Features
  • News Updates
  • Company Directory
  • About
  • Subscribe
  • Contact
  • Media Pack 2022

DRS TECHNOLOGIES ACQUIRES CODEM SYSTEMS

April 21, 2005 by

18 Apr 05. DRS Technologies, Inc. (NYSE: DRS – News) has acquired Codem Systems, Inc. in a stock purchase transaction valued at approximately $29m in cash, with additional consideration payable upon achievement of certain financial targets.

Established in 1972, Codem Systems is a privately-held business located in Merrimack, New Hampshire. It is a leading provider of signals intelligence (SIGINT) systems, network interface modules, and high-performance antenna control systems. Strongly positioned as a supplier of advanced technology products, Codem focuses on innovative solutions for communications and surveillance applications supporting the growing intelligence, military and homeland security markets. The company’s expertise is concentrated in systems engineering software and hardware development as well as end-user training.

“Codem enhances DRS’s position in intelligence and surveillance systems, while supporting greater access to emerging market opportunities, such as those related to homeland defense,” said Mark S. Newman, chairman, president and chief executive officer of DRS Technologies. “With a large installed base of products, longstanding customer relationships and an established position in growing markets, Codem builds on the existing domestic and international defense and government agency customer base within our C4I Group.”

Codem’s signal intelligence systems intercept, monitor and geographically locate radio and wireless signals. Its products, such as high-frequency (HF) SIGINT systems, are highly complementary to DRS’s core intelligence systems business and are employed in communications intelligence (COMINT), electronic warfare (EW) and radio spectrum management. Codem’s antenna controllers and monitoring software are used in satellite communications (SATCOM), remote sensing, tracking, telemetry, command and control, broadband wireless systems and ground surveillance, as well as in military communications on-the-move (COTM) applications. Like DRS’s intelligence and tactical systems, these product lines support Army ground force digital communications and direct broadcast satellite applications for ships and aircraft. Codem’s network access products contribute to the U.S. military’s transformation to a network-centric warfare environment and provide interoperability between modern network technologies and legacy transmission networks.

In its first twelve months of operation under DRS ownership, Codem is expected to be accretive to earnings and generate approximately $25m in annual revenues. DRS financed the acquisition by utilizing existing cash on hand. BB&T Capital Markets/Windsor Group, a division of Scott & Stringfellow, Inc., served as financial advisor to Codem.

Primary Sidebar

Advertisers

  • qioptiq.com
  • Exensor
  • TCI
  • Visit the Oxley website
  • Visit the Viasat website
  • Blighter
  • SPECTRA
  • InVeris
  • Britbots logo
  • Faun Trackway
  • Systematic
  • CISION logo
  • ProTEK logo
  • businesswire logo
  • ProTEK logo
  • ssafa logo
  • DSEi
  • Atkins
  • IEE
  • EXFOR logo
  • KME logo
Hilux DVD2022

Contact Us

BATTLESPACE Publications
Old Charlock
Abthorpe Road
Silverstone
Towcester NN12 8TW

+44 (0)77689 54766

BATTLESPACE Technologies

An international defence electronics news service providing our readers with up to date developments in the defence electronics industry.

Recent News

  • EXHIBITIONS AND CONFERENCES

    May 20, 2022
    Read more
  • MANAGEMENT ON THE MOVE

    May 20, 2022
    Read more
  • CONTRACT NEWS IN BRIEF

    May 20, 2022
    Read more

Copyright BATTLESPACE Publications © 2002–2022.

This website uses cookies to improve your experience. If you continue to use the website, we'll assume you're ok with this.   Read More  Accept
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT