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Spd Technologies Inc

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July 7, 1998 | From Times Staff and Wire Reports
SPD Technologies Inc., an electrical products maker with a large manufacturing facility in Anaheim, said Monday that it will be bought by a New York-based supplier of communications systems for $230 million. The proposed acquisition by L-3 Communications Holdings will allow the former unit of Lockheed Martin Corp. to expand both its product line and access to the U.S. Navy, officials said. Privately held SPD Technologies, which is headquartered in Philadelphia, acquired Power Paragon Inc.
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BUSINESS
July 7, 1998 | From Times Staff and Wire Reports
SPD Technologies Inc., an electrical products maker with a large manufacturing facility in Anaheim, said Monday that it will be bought by a New York-based supplier of communications systems for $230 million. The proposed acquisition by L-3 Communications Holdings will allow the former unit of Lockheed Martin Corp. to expand both its product line and access to the U.S. Navy, officials said. Privately held SPD Technologies, which is headquartered in Philadelphia, acquired Power Paragon Inc.
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BUSINESS
July 7, 1998
SPD Technologies Inc., a maker of electrical products with a large manufacturing facility in Anaheim, said it will be bought by a former unit of Lockheed Martin Corp. for $230 million. L-3 Communications Holdings Inc., a New York-based supplier of military communications systems, is buying SPD in order to expand both its product line and access to the Navy. The former Lockheed unit was spun off last year. Privately held SPD acquired Power Paragon Inc. in Anaheim last year for an undisclosed
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