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Sanders Associates

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BUSINESS
July 15, 1986
The decision removed a potential hurdle for Lockheed's $1.2-billion bid for Sanders, which produces electronic warfare equipment such as radar jammers. Loral Corp. had made a hostile $50-per-share offer for Sanders before Lockheed topped the East Coast electronics firm last Wednesday with a $60-per-share bid. With the Loral offer out of the way, Lockheed appears to have a solid and defensible grip on Sanders.
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NEWS
December 22, 1988 | WILLIAM J. EATON, Times Staff Writer
Four major defense contractors have been targeted for federal prosecution, suspected of illegally acquiring secret documents from a Pentagon black market to aid them in seeking military business, congressional investigators said Wednesday. A report by the staff of Congress' Joint Economic Committee listed the companies as Boeing, General Dynamics, Martin Marietta and Sanders Associates. The report said that cases involving them had been referred to the U.S. attorney in Alexandria, Va.
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BUSINESS
June 12, 1986
Sanders Associates received a $5.6-million Army contract for repair and overhaul of radar systems.
BUSINESS
October 3, 1986
Lockheed, which acquired Sanders Associates Inc. for $1.18 billion earlier this year, said it will consolidate Sanders' operations, eliminating 165 administrative jobs. Sanders, a defense electronics concern based in Nashua, N.H., will form the nucleus of Lockheed's new Electronics Group. The restructuring includes consolidating Sanders' corporate office, Federal Systems Group and Component Products Group. The combined operation will be based in Nashua, with Albert B. Wight as president.
BUSINESS
October 3, 1986
Lockheed, which acquired Sanders Associates Inc. for $1.18 billion earlier this year, said it will consolidate Sanders' operations, eliminating 165 administrative jobs. Sanders, a defense electronics concern based in Nashua, N.H., will form the nucleus of Lockheed's new Electronics Group. The restructuring includes consolidating Sanders' corporate office, Federal Systems Group and Component Products Group. The combined operation will be based in Nashua, with Albert B. Wight as president.
BUSINESS
July 15, 1986 | RALPH VARTABEDIAN, Times Staff Writer
Lockheed's $1.2-billion bid for Sanders Associates overcame a potential hurdle Monday when Loral Corp. announced that it was "discontinuing" its offer for Sanders. Loral had made a hostile $50-per-share offer for Sanders before Lockheed topped the East Coast electronics firm last Wednesday with a $60-per-share bid. Bernard L.
BUSINESS
July 10, 1986 | RALPH VARTABEDIAN, Times Staff Writer
Lockheed agreed Wednesday to acquire Sanders Associates in a friendly merger worth $1.2 billion cash, thus topping a recent hostile bid of $981 million for the New Hampshire defense electronics firm. The acquisition, largest in Lockheed's history, would significantly enlarge Lockheed's already substantial role in the growing defense electronics business, Lockheed President Lawrence O. Kitchen said. By accepting Lockheed's bid of $60 per share, Nashua, N.H.
NEWS
December 22, 1988 | WILLIAM J. EATON, Times Staff Writer
Four major defense contractors have been targeted for federal prosecution, suspected of illegally acquiring secret documents from a Pentagon black market to aid them in seeking military business, congressional investigators said Wednesday. A report by the staff of Congress' Joint Economic Committee listed the companies as Boeing, General Dynamics, Martin Marietta and Sanders Associates. The report said that cases involving them had been referred to the U.S. attorney in Alexandria, Va.
BUSINESS
February 27, 1985 | DJ
Sanders-III, a venture of Sanders Associates and ITT Corp., was awarded a $5-million Navy contract for development of communications jammers for the EA-6B aircraft.
BUSINESS
July 15, 1986 | RALPH VARTABEDIAN, Times Staff Writer
Lockheed's $1.2-billion bid for Sanders Associates overcame a potential hurdle Monday when Loral Corp. announced that it was "discontinuing" its offer for Sanders. Loral had made a hostile $50-per-share offer for Sanders before Lockheed topped the East Coast electronics firm last Wednesday with a $60-per-share bid. Bernard L.
BUSINESS
July 15, 1986
The decision removed a potential hurdle for Lockheed's $1.2-billion bid for Sanders, which produces electronic warfare equipment such as radar jammers. Loral Corp. had made a hostile $50-per-share offer for Sanders before Lockheed topped the East Coast electronics firm last Wednesday with a $60-per-share bid. With the Loral offer out of the way, Lockheed appears to have a solid and defensible grip on Sanders.
BUSINESS
July 10, 1986 | RALPH VARTABEDIAN, Times Staff Writer
Lockheed agreed Wednesday to acquire Sanders Associates in a friendly merger worth $1.2 billion cash, thus topping a recent hostile bid of $981 million for the New Hampshire defense electronics firm. The acquisition, largest in Lockheed's history, would significantly enlarge Lockheed's already substantial role in the growing defense electronics business, Lockheed President Lawrence O. Kitchen said. By accepting Lockheed's bid of $60 per share, Nashua, N.H.
BUSINESS
June 12, 1986
Sanders Associates received a $5.6-million Army contract for repair and overhaul of radar systems.
BUSINESS
November 15, 1988
Richard A. Reed, 55, executive vice president of Sanders Associates of Nashua, N.H., has been appointed president of Lockheed Electronics Co. of Plainfield, N.J. Both companies are subsidiaries of Lockheed Corp., Calabasas, and units of the corporation's Electronic Systems Group. Reed, who was also elected a Lockheed vice president, succeeds Peter A. Marino, who recently left the company to accept another position.
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