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Raven Industries To Acquire Small Radar Processing Firm

Defense Daily Staff Defense Daily Staff
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Raven Industries, Inc. [RAVN], a provider of aerostats for scientific and security applications, yesterday said it has agreed to acquire Vista Research, Inc., a developer of surveillance technology that enhances the effectiveness of radars. Raven said it is paying $12 million in cash for Vista Research with a potential $38.5 million more in benchmark and earn-out provisions over the next seven years. The deal is expected to be completed this month. For Raven’s Aerostar division, which Vista Research will become…

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