Raytheon has acquired defence software integration firm Solipsys and command and control network specialist JPS Communications. Both were privately held. Terms were not disclosed. CMC Electronics has completed the sale of its Northstar Technologies naval GPS subsidiary to Illinois-based Brunswick as part of its strategy to divest non-core businesses. US safety systems specialist Simula is evaluating "strategic alternatives to maximise shareholder value", including asset sales, refinancing, the sale of the company or a merger. Canadian aerospace manufacturer Magellan has closed its merger deal with castings specialist Haley Industries of Ontario. Magellan will pay C$22.6 million ($14.4 million) in cash or shares for the company. Raytheon Aerospace, the technical services company spun off by Raytheon to Veritas Capital last June, is acquiring Flight International Group, an aviation services company that provides training for the US Department of Defense using a fleet of 29 modified commercial aircraft. The acquisition will boost annual revenues from $530 million to $575 million. Finmeccanica presented a €750 million ($750 million) bid to France Telecom for its 23% stake in Eutelsat. The Italian company is also conducting negotiations with the Lehman Brothers investment bank, which controls 21% of Eutelsat. Eutelsat recorded €659 million in sales last year, making it the fourth largest satellite communications operator in the world after Intelsat, SES Global and PanAmSat. PanAmSat's bid for Eutelsat earlier this year was rejected.
Source: Flight International
