CPI to Acquire Satellite Antenna Systems Business of General Dynamics

Communications & Power Industries (CPI) has entered into an agreement to purchase SATCOM Technologies, the antenna systems business of General Dynamics Mission Systems, a business unit of General Dynamics.

SATCOM Technologies designs, manufactures and installs satellite communications antenna systems used in commercial, defense, and scientific applications, as well as provides related radio frequency products and electronics, including feed components, amplifiers, converters, antenna control systems, and engineering and installation services. This business will complement CPI's existing portfolio of communications products for government, military, and commercial applications.

The acquisition is expected to close before the end of the calendar year 2019, subject to customary closing conditions. Financial terms of the agreement were not disclosed.