Curtiss-Wright Corp. [CW] on Monday said it has acquired Tactical Communications Group (TCG) for $50 million in cash, complementing its existing capabilities in tactical data link (TDL) technology.
Curtiss-Wright said the acquisition will be accretive to its earnings per share this year excluding one-time costs. The new business will be part of Curtiss-Wright’s Defense segment.
TCG, which is based in Massachusetts and has about 50 employees, had about $15 million in sales in 2018. The company’s customers are primarily in the aerospace defense market with customers that include the Air Force, Navy, Boeing [BA], Northrop Grumman [NOC], Lockheed Martin [LMT], Raytheon [RTN] and others.
“This acquisition yields significant opportunities for growth by enhancing our existing flight-test instrumentation offering with complementary tactical data link processing software, analytics and visualization capabilities, and also providing penetration in to the tactical data link test, simulation and training markets,” David Adams, Curtiss-Wright’s CEO, said in a statement. “TCG’s proven commercial off-the-shelf TDL software solutions minimize the time and effort required to build, integrate, test, train, and deploy effective and affordable military communications systems.”
Curtiss-Wright said that TCG’s software allows “platform integrators to validate their links, provide more valuable data services on their networks, ant utilize comprehensive analytics, simulation, scripting, and visualization of the network data to drive effective training and situational awareness solutions.”