-
- News
- Books
Featured Books
- design007 Magazine
Latest Issues
Current IssueThe Designer of the Future
Our expert contributors peer into their crystal balls and offer their thoughts on the designers and design engineers of tomorrow, and what their jobs will look like.
Advanced Packaging and Stackup Design
This month, our expert contributors discuss the impact of advanced packaging on stackup design—from SI and DFM challenges through the variety of material tradeoffs that designers must contend with in HDI and UHDI.
Rules of Thumb
This month, we delve into rules of thumb—which ones work, which ones should be avoided. Rules of thumb are everywhere, but there may be hundreds of rules of thumb for PCB design. How do we separate the wheat from the chaff, so to speak?
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - design007 Magazine
AirBorn Announces Agreement to be Acquired by Molex
November 18, 2024 | PRNewswireEstimated reading time: 1 minute
AirBorn, a global manufacturer of high reliability electronics and components, announced it has entered into an agreement to be acquired by Molex, a leading global connectivity and electronics solutions provider.
"AirBorn will serve as the platform for Molex's aerospace and defense business, and that is a powerful opportunity for our highly specialized team," said Michael Cole, President & CEO of AirBorn. "By uniting AirBorn's unique expertise in the aerospace and defense market with Molex's global scale, capabilities and financial stability, we will be well positioned to pursue exciting profitable growth opportunities together."
"The aerospace and defense market represents an important new category of business for Molex. We are very excited about the opportunity to bring further diversification to our portfolio through a company with such a strong reputation and complementary product set," said Joe Nelligan, CEO, Molex. "Molex's combined engineering and manufacturing capabilities and AirBorn's long history and expertise in this fast-growing segment positions us well to support the expanding needs of our customers."
For more than 60 years, AirBorn has designed, manufactured and qualified electronic components for mission-critical applications in the military and defense, commercial air, space exploration, medical and industrial markets.
The acquisition is expected to close by early December 2024 subject to regulatory approvals. Details of the purchase agreement will not be disclosed. Wells Fargo Securities, LLC served as exclusive financial advisor and Locke Lord served as legal counsel to AirBorn on the transaction.
Suggested Items
Fonon Technologies Launches Next Generation of DefenseTech Laser Systems
01/20/2025 | BUSINESS WIREFonon Technologies, a marketing and systems integration provider of state-of-the-art laser technologies for material processing and defense infrastructures, proudly announces the launch of its next-generation DefenseTech laser cleaning systems.
RTX's Raytheon Awarded $529M Contract to Replenish Dutch Patriot Air Defense System
01/20/2025 | RTXRaytheon, an RTX business, was awarded a $529 million contract to supply the Netherlands with a Patriot® air and missile defense system fire unit and related equipment. This contract supports the replenishment of a Patriot fire unit donated to Ukraine.
Merlin Circuit Technology Achieves Prestigious JOSCAR Accreditation
01/14/2025 | Merlin Circuit TechnologyMerlin Circuit Technology is proud to announce it has been awarded the coveted Joint Approvals Group for Industry (JAG) Standard 001 (JOSCAR) accreditation.
Spirit Announces Sale of FMI to Tex Tech Industries
01/14/2025 | Spirit AeroSystems Holdings, Inc.Spirit AeroSystems Holdings, Inc. announced the sale of Fiber Materials Inc (FMI) business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex Tech Industries, Inc. (Tex-Tech) for $165 million in cash.
Teledyne FLIR Defense Awarded $74 Million IDIQ Contract to Modernize U.S. Coast Guard Surveillance Systems
01/13/2025 | BUSINESS WIRETeledyne FLIR Defense, part of Teledyne Technologies Incorporated, announced it has been awarded a five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract worth up to $74.2 million to provide modernized imaging surveillance systems to the United States Coast Guard (USCG).