Business

August 20, 2012

Global Digital Solutions to acquire Airtronic USA

Global Digital Solutions, a company that is positioning itself as a leader in providing knowledge-based and culturally attuned social consulting and security-related solutions in unsettled areas, has signed an exclusive letter of intent to acquire Illinois-based Airtronic USA, Inc.

The companies have agreed, on an exclusive basis, to enter into good faith discussions involving a potential strategic combination in which Airtronic would be acquired by GDSI. If the acquisition is completed as expected, Airtronic will continue to operate as a subsidiary of GDSI.

The exclusive agreement is subject to the completion of due diligence reviews by both companies and certain other conditions, including agreement by the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division. Airtronic is currently a “debtor” under Chapter 11 of the Bankruptcy Code.

“This proposed strategic acquisition is extremely exciting for both GDSI and Airtronic,” said GDSI founder and largest shareholder Richard J. Sullivan, who will become non-executive chairman of GDSI after the acquisition is completed. “I’m looking forward to finalizing all necessary approvals and working with Dr. Merriellyn Kett and the entire Airtronic team going forward. Airtronic has a great track record of manufacturing essential battlefield weapons for the United States and our allies and is well-connected with key agencies in the U.S. and around the world. Working together, I believe GDSI and Airtronic will be a very powerful combination that fits perfectly into GDSI’s evolving strategy to become a leader in knowledge-based consulting and security-related solutions in unsettled, complex areas.”

 




All of this week's top headlines to your email every Friday.


 
 

 

Headlines November 26, 2014

News: When Hagel leaves, new SecDef faces big questions about the military’s futureĀ - President Obama’s new pick to run the Pentagon will face a dizzying set of challenges affecting the Defense Department’s mission, budget and culture. Who will be the next Secretary of Defense?- Following the Nov. 24 surprise announcement from the White House, the...
 
 

News Briefs November 26, 2014

Navy to decommission two more ships in Puget Sound The Navy recently decommissioned the guided missile frigate USS Ingraham at Everett, Wash. It will be towed to Bremerton and scrapped. The Daily Herald reports the Navy also plans to decommission another ship at the Everett homeport and also one stationed in Bremerton. Naval Station Everett...
 
 

NASA airborne campaigns tackle climate questions from Africa to Arctic

NASA photograph The DC-8 airborne laboratory is one of several NASA aircraft that will fly in support of five new investigations into how different aspects of the interconnected Earth system influence climate change. NASA photograph The DC-8 airborne laboratory is one of several NASA aircraft that will fly in support of five new investigations into...
 

 
Air Force photograph by Rick Goodfriend

16T Pitch Boom reactivated to support wind tunnel tests

Air Force photograph by Rick Goodfriend The Pitch Boom at the AEDC 16-foot transonic wind tunnel (16T) was recently reactivated. This model support system is used in conjunction with a roll mechanism to provide a combined pitch...
 
 

Northrop Grumman supports U.S. Air Force Minuteman missile test launch

Northrop Grumman recently supported the successful flight testing of the U.S. Air Force’s Minuteman III intercontinental ballistic missile weapon system. The operational flight test was conducted as part of the Air Force Global Strike Command’s Force Development Evaluation Program. This program demonstrates and supports assessment of the accuracy, availability and reliability of the...
 
 
army-detector

Scientists turn handheld JCAD into a dual-use chemical, explosives detector

Scientists at the U.S. Army Edgewood Chemical Biological Center at Aberdeen Proving Ground, Md., proved it is possible to teach an old dog new tricks by adding the ability to detect explosive materials to the Joint Chemical Age...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>