The Right Approach: Get Ready for ISO 9001 Version 6
Dan’s Biz Bookshelf: ‘Still Broke: Walmart’s Remarkable Transformation'
Driving Innovation: Depth Routing Processes—Achieving Unparalleled Precision in Complex PCBs
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.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Safran, PGZ Reinforce Defense Partnership Through Innovation and Local Industrial Cooperation
09/08/2025 | SafranSafran Electronics & Defense, a leading European high-technology company in aerospace and defense, and Polska Grupa Zbrojeniowa S.A. (PGZ), Poland’s primary defense industry leader, have signed two Memorandums of Understanding (MoU) to further expand their collaboration in support of European security and industrial cooperation during the International Defense Industry Exhibition (MSPO) held in Kielce.
U.S. Army Awards Lockheed Martin $9.8B Contract to Bolster Missile Defense with PAC-3 MSE
09/08/2025 | Lockheed MartinThe U.S. Army awarded Lockheed Martin a $9.8 billion contract for the production of 1,970 Patriot Advanced Capability – 3 Missile Segment Enhancement (PAC-3 MSE) interceptors and associated hardware.
RTX's Raytheon Awarded $205 Million Contract for Continued Production of the Phalanx Close-In Weapon System
09/08/2025 | Raytheon TechnologiesRaytheon, an RTX business, has been awarded a $205 million contract from the U.S. Navy for continued production of the Phalanx Close-In Weapon System (CIWS).
Nordic Wing Selects Amprius to Increase Flight Endurance
09/04/2025 | BUSINESS WIREAmprius Technologies, Inc., a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced that Nordic Wing, a leading European drone manufacturer, has selected Amprius’ high-energy-density SiCore® cells to power ASTERO ISR, a fixed-wing unmanned aerial vehicle (UAV) designed for advanced intelligence, surveillance, and reconnaissance (ISR) missions in defense operations.
Joby Completes Landmark U.S. Defense Exercise with Autonomous Flight Technology
09/04/2025 | BUSINESS WIREJoby Aviation, Inc. announced a first-of-its-kind demonstration of its autonomous flight technology. As part of the Resolute Force Pacific (REFORPAC), a Department-Level Exercise led by Pacific Air Forces (PACAF), Joby conducted a successful demonstration and validation of its SuperpilotTM autonomous flight technology over the Pacific Ocean and Hawaii, logging more than 7,000 miles of autonomous operations across more than 40 flight hours.