TCS buys global space engineering firm

Deal will expand company's international business

TeleCommunication Systems Inc. has signed a definitive agreement to acquire Trident Space and Defense LLC, a privately held provider of engineering and electronics solutions for global space and defense markets.

The Annapolis, Md., company will pay an undisclosed amount of cash and 3 million shares of TCS Class A common stock to the private equity firm Admiralty Partners Inc. and certain of its affiliates.

The acquisition of Trident will extend TCS’s core competencies in end-to-end secure wireless communication solutions, including patented technology, TCS said in a statement.

The company, based in Torrence, Calif., was established as TRW Components International in 1976 and for more than 30 years has been a source for satellite communications engineered solutions.

Trident expects 2011 revenue to be more than $40 million, with an EBITDA margin of approximately 15 percent, the announcement states.

“Trident’s position as a key vendor to foreign governments and commercial space customers substantially broadens our global footprint,” said TCS chairman and CEO Maurice Tosé.

As part of this transaction, Jon Kutler, founder, chairman and CEO of Admiralty Partners, will join the TCS board of directors.

The acquisition is expected to be completed in the first quarter of 2011.

About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

I agree to this site's Privacy Policy.