Friday, July 7, 2006

Defense Contractor Completes San Diego Research Buy

Fairfax, Virginia-based Argon ST, a developer of systems and sensors for the defense and national security market, has completed its $41M purchase of San Diego-based San Diego Research Center. Argon said yesterday that the acquisition is expected to add approximately $5M to its fourth quarter revenues. San Diego Research Center is a provider of wireless communications products for the military. Headwater MB was the financial advisor to SDRC.

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