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Racal Electronics Company

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BUSINESS
October 7, 2004 | From Associated Press
European Aeronautic Defence & Space Co., the parent of aircraft maker Airbus, has acquired U.S. military electronics company Racal Instruments Inc. for as much as $130 million. Racal Instruments, whose U.S. headquarters is in Irvine, has more than 320 employees. The company makes systems and instruments for the testing of electronics, aerospace and defense systems. EADS said the purchase was part of its effort to carve out a larger share of the U.S. defense market.
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BUSINESS
October 7, 2004 | From Associated Press
European Aeronautic Defence & Space Co., the parent of aircraft maker Airbus, has acquired U.S. military electronics company Racal Instruments Inc. for as much as $130 million. Racal Instruments, whose U.S. headquarters is in Irvine, has more than 320 employees. The company makes systems and instruments for the testing of electronics, aerospace and defense systems. EADS said the purchase was part of its effort to carve out a larger share of the U.S. defense market.
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BUSINESS
August 29, 1997 | Bloomberg News
ITT Industries Inc., Britain's Racal Electronics and Germany's Siemens said they have completed a joint venture to build a military communications system for Britain that is initially valued at $2.4 billion and could reach $6 billion. White Plains, N.Y.-based ITT Industries' Defense & Electronics division would own 40% of the venture, which is known as Archer Communications Systems Ltd., with Racal and the Siemens Plessey unit of Siemens each holding 30%.
BUSINESS
October 12, 1999 | Bloomberg News
Global Crossing Ltd. agreed to buy Racal Electronics' British phone network for about $1.57 billion in cash, topping a bid by Energis and marking its first foray into Britain. The Bermuda-based company will also assume about $83 million in Racal debt. The deal would give 2-year-old Global Crossing a big boost toward its goal of building a worldwide phone and data network.
BUSINESS
October 12, 1999 | Bloomberg News
Global Crossing Ltd. agreed to buy Racal Electronics' British phone network for about $1.57 billion in cash, topping a bid by Energis and marking its first foray into Britain. The Bermuda-based company will also assume about $83 million in Racal debt. The deal would give 2-year-old Global Crossing a big boost toward its goal of building a worldwide phone and data network.
BUSINESS
August 29, 1997 | Bloomberg News
ITT Industries Inc., Britain's Racal Electronics and Germany's Siemens said they have completed a joint venture to build a military communications system for Britain that is initially valued at $2.4 billion and could reach $6 billion. White Plains, N.Y.-based ITT Industries' Defense & Electronics division would own 40% of the venture, which is known as Archer Communications Systems Ltd., with Racal and the Siemens Plessey unit of Siemens each holding 30%.
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