Sparton Corp. [SPA] yesterday said that it has completed its acquisition of Aydin Displays, Inc., a developer and manufacturer of flat panel displays and touch-screen solutions in the military, aerospace and marine markets.
Terms of the deal were not disclosed. Aydin, a subsidiary of Video Display Corp. [VIDE], has about $18 million in annual sales.
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| Aydin Military Ground Mobile Display. Photo: Aydin |
Pennsylvania-based Aydin’s products are specified on the Navy’s P-8A maritime surveillance aircraft for the behind-the-cockpit control center, the command and control centers of various Navy ships, Federal Aviation Administration air traffic control systems, and cockpit command centers for various civil marine applications.
“The addition of Aydin Displays meets one aspect of our growth strategy by providing engineered product content to further enhance our capabilities within the electro-mechanical value stream as well as providing lead generation opportunities for our contract services business,” Cary Wood, president and CEO of Sparton, said in a statement. “Additionally, Aydin’s products are in integral part of the P-8A program, as are our sonobuoy products. We also believe we will be able to enhance the solutions selling approach of both Aydin Displays and our Defense & Security Systems business segment to the Defense Department and other prime defense contractors, as well as key customers located across the globe.”
Sparton has about $162 million through the first three-quarters of its current fiscal year with its defense segment posting sales of just over $53 million in that period. The company reports its full-year results today.