March 12, 1999 |
Northrop Grumman Corp., the fourth-largest player in the rapidly consolidating aerospace industry, has agreed to buy the defense business of California Microwave Inc. for $93 million, the companies said Thursday. The purchase price for California Microwave's information systems division could increase by up to $5 million if certain revenue goals are met next year, the companies said. The transaction is subject to standard governmental and regulatory review and is expected to close in April.
October 16, 1997 |
Ford Motor Co. on Wednesday said its third-quarter profit rose 62%, beating estimates and setting a record for the period, in a performance analysts say the auto maker may be hard-pressed to repeat amid an onslaught of competition for its popular sport-utility vehicles. The world's second-largest auto maker said net income rose to $1.13 billion, or 90 cents a fully diluted share, from $694 million, or 53 cents, before special items in the year-earlier period.
CALIFORNIA | LOCAL
July 27, 1999
California Microwave Systems, Woodland Hills, has completed Pentagon certification for its Communications Gateway System, parent company Northrop Grumman announced. The system utilizes components, known as DMS multi-function interpreters, to convert messages from e-mail-based protocols to military message formats and back again.
February 1, 1985
California Microwave Inc., a Sunnyvale-based maker of telecommunications equipment, has appointed Gilbert F. Johnson president and chief operating officer, succeeding David B. Leeson, who remains chairman and chief executive.
March 23, 1989 |
California Microwave Inc. has acquired Efdata Corp. of Tempe for about $5.8 million in cash and common stock, Efdata officials said. Efdata produces a range of satellite and troposcatter data communications productions, with annualized sales of $8 million, said founder Robert Fitting. He said the firm would continue to operate in Tempe as a wholly owned subsidiary of California Microwave, a Sunnyvale, Calif.-based supplier of electronic intelligence systems and communications equipment.