Weapon and space systems specialist ATK is to acquire the PSI Group, a US manufacturer of satellite components and propellant tanks with 350 employees and annual sales of $100 million, boosting its bid to become a spacecraft integrator. Meanwhile, Teledyne Technologies is to acquire Celeritek's defence-electronics business, which makes microwave components for electronic warfare and radar applications, for $33 million, while BAE Systems North America is to acquire small signal-processing specialist Practical Imagineering for $8.3 million in cash.
Source: Flight International