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Boeing To Acquire Defense Electronics Firm Argon ST For $775 Million

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By Calvin Biesecker Boeing [BA] yesterday said it has agreed to acquire C4ISR specialist Argon ST [STST] for $775 million in cash, advancing its capabilities in the C4ISR, cyber and intelligence markets. Boeing is offering Argon ST's shareholders $34.50 per share, a 41 percent premium over the Tuesday closing price of $24.43. "Combining the strength of Boeing with the experience of Argon ST will significantly accelerate our capabilities in sensors, communications technologies and information management," Dennis Muilenburg, president and CEO…

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