M&A Deal Summary

General Dynamics Acquires Spectrum Astro

On March 17, 2004, General Dynamics acquired manufacturer Spectrum Astro

Acquisition Highlights
  • This is General Dynamics’ 1st transaction in the Manufacturing sector.
  • This is General Dynamics’ 8th transaction in the United States.
  • This is General Dynamics’ 2nd transaction in Arizona.

M&A Deal Summary
Date 2004-03-17
Target Spectrum Astro
Sector Manufacturing
Buyer(s) General Dynamics
Deal Type Add-on Acquisition

Target

Spectrum Astro

Gilbert, Arizona, United States
Spectrum Astro, Inc. manufactures and integrates space systems, satellites and ground-support equipment, and has approximately 525 employees. provides missile-defense and key NASA space business segments, and further enhances our ability to meet requirements for satellite-based systems in support of a network-centric approach to warfighting.

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Buyer(S) 1

Buyer

General Dynamics

Reston, Virginia, United States
Category Company
Founded 1899
Sector Defense
Employees100,000
Revenue 42.3B USD (2023)
DESCRIPTION
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.

General Dynamics is an aerospace and defense company. It manufacturers business jets as well as provides combat systems to the US military. General Dynamics was founded in 1952 and is based in Reston, Virginia.

DEAL STATS #
Overall 9 of 30
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 7 of 27
State (Arizona) 2 of 2
Country (United States) 8 of 26
Year (2004) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-29 Digital System Resources

Fairfax, Virginia, United States

Digital System Resources, Inc. (DSR) is a provider of surveillance and combat systems for submarines and surface ships, and has approximately 450 employees. DSR an important niche in electronic warfare and acoustic signal processing technologies for the U.S. Navy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-08 TriPoint Global Communications

Newton, North Carolina, United States

TriPoint Global Communications Inc. is a provider of ground-based satellite and wireless communication equipment and integration services for video, voice and data applications worldwide. A supplier of base station and earth station communications products and services, VSAT antennas and antenna systems and wireless backhaul products. The company has approximately 1,450 employees in 14 locations, including Newton, N.C.; Duluth, Ga.; San Jose and Torrance, Calif.; Rockaway, N.J.; State College, Penn.; Kilgore, Longview, Mexia and Richardson, Texas; and Estonia, Germany and India.

Buy -
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