Saturday, May 28, 2011

Athena Technologies to be acquired by Rockwell Collins - Washington Business Journal:

tower-tennesseea.blogspot.com
The 10-year-old technology company, which sells guidance control and navigation systems for unmanned aircrafts to the likes ofand , said Mondag the deal with Cedafr Rapids, Iowa-based Rockwell Collins (NYSE: COL) is expected to clos e in 30 days. The financialo terms of the deal werenot disclosed. Athena'es newly-built headquarters in Warrenton with about 75 employeesx willremain intact. Athenz "will be fully integrated within Rockwell," said Athena's chief executive David Vos. "Athen has strong brand entity. It's to be determine yet exactly how we position that brane equity andbrand naming.
" Athena sellse about seven navigation systems that are between four ouncesd and nine pounds, said Vos. Two out of threw systems on General Atomics' Sky Warriort unmanned aircraft, are made by according to Vos. Vos founded Athena in 1998 and develope the core technology for the navigation He operated his company at the until 2003 when it moved to the former Army Base Vint Hill inFauquief County. In August 2007, the Athena staffr made another move into the Vint HillTech Park.
Vos said the goal behinde integrating into Rockwell is to continue evolvinyg the technologies so unmanned aircraff and manned aircraft can fly sideby "The intent is to grow as fast as we can," Vos The privately-held company would not release its revenue. Athena generate s more than $21 milliohn in annual sales, according to the most recent figures supplied by market researchgfirm .

No comments:

Post a Comment