Curtiss-Wright Acquiring PacStar for $400 Million

 In Land, Defense, Forces & Capabilities

WASHINGTON — North Carolina-based defense tech­nol­o­gy com­pa­ny Curtiss-Wright announced Sept. 24 that it had entered into an agree­ment to acquire Pacific Star, a major tac­ti­cal com­mu­ni­ca­tions vendor for the U.S. Army.

Curtiss-Wright, based in North Carolina, bought PacStar for $400 mil­lion in an effort to boost its net­work com­mu­ni­ca­tions busi­ness. According to a press release from Curtiss-Wright, PacStar’s busi­ness will oper­ate within the Curtiss-Wright defense busi­ness and is expect­ed to gen­er­ate $120 mil­lion in sales in 2020.

“The acqui­si­tion of PacStar estab­lish­es Curtiss-Wright as a crit­i­cal sup­pli­er of advanced tac­ti­cal and enter­prise net­work com­mu­ni­ca­tions solu­tions sup­port­ing a broad spec­trum of high-pri­or­i­ty U.S. mil­i­tary force mod­ern­iza­tion pro­grams,” said David C. Adams, chair­man and CEO of Curtiss-Wright Corporation, in a state­ment. “The com­bi­na­tion of Curtiss-Wright’s mis­sion-crit­i­cal mobile and secure COTS-based pro­cess­ing, data man­age­ment and com­mu­ni­ca­tions tech­nolo­gies with PacStar’s highly com­ple­men­tary hard­ware and soft­ware solu­tions will enable us to deliv­er best-in-class plat­form net­work inte­gra­tion and tac­ti­cal data link net­work man­age­ment to the warfight­er.”

Curtiss-Wright ranked No. 72 in Defense News' Top 100 annual report on the world’s largest defense com­pa­nies.

PacStar is an impor­tant vendor for the Army’s tac­ti­cal net­work mod­ern­iza­tion effort, where it pro­vides prod­ucts to improve tac­ti­cal expe­di­tionary com­mu­ni­ca­tions. Back in July, PacStar was awarded work to sup­port the field­ing of satel­lite base­band com­mu­ni­ca­tions to three Expeditionary Signal Battalion-Enhanced (ESB‑E) units by Army Program Executive Office Command, Control, Communications-Tactical. PacStar also pro­vides net­work­ing and com­mu­ni­ca­tions capa­bil­i­ties for the Marine Corps' Networking On-The-Move (NOTM) program.

“PacStar, which rep­re­sents the largest trans­ac­tion in Curtiss-Wright’s recent his­to­ry, is well-posi­tioned to ben­e­fit from the military’s con­tin­ued invest­ment in robust, secure and inte­grat­ed bat­tle­field net­work man­age­ment and is expect­ed to yield sig­nif­i­cant oppor­tu­ni­ties for rev­enue growth,” Adams said. “Further, this acqui­si­tion sup­ports Curtiss-Wright’s finan­cial objec­tives for long-term prof­itable growth and strong free cash flow gen­er­a­tion within our dis­ci­plined and bal­anced cap­i­tal allo­ca­tion strat­e­gy.”

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