Beyond the Board: What Companies Need to Know Before Entering the MilAero PCB Market
Defense Speak Interpreted: If CHIPS Cuts Back, What Happens to Electronics Packaging Funds?
American Made Advocacy: Where’s the Budget for a Modern Military Run on Microelectronics?
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
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
Terma Establishes Ukrainian Subsidiary In Kyiv: A Lasting Commitment to Ukraine’s Defense and Recovery
09/16/2025 | TermaTerma, a trusted defense partner to Ukraine, has strengthened its long-term commitment by establishing a fully owned subsidiary in Kyiv. With combat-proven solutions already deployed on the frontline, Terma’s technology is actively protecting lives, supporting sovereignty, and enhancing Ukraine’s defense every day.
Altair, Wichita State University’s NIAR Sign MoU to Accelerate Aerospace Innovation
09/16/2025 | AltairAltair, a global leader in computational intelligence, and Wichita State University’s (WSU) National Institute for Aviation Research (NIAR), one of the world’s leading aerospace research institutions, have signed a memorandum of understanding (MoU) to advance innovation across the aerospace and defense industries.
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).