Cubic Corp. will acquire Nuvotronics in bid to strengthen protected-communications offerings
NewsMarch 20, 2019
SAN DIEGO. Defense and military contractor Cubic Corp. has announced that it will acquire Nuvotronics, a provider of microfabricated radio-frequency (RF) products, for approximately $64 million in cash, subject to customary adjustments, with additional earn-out payments of up to $8 million based on future performance.
With this move, Cubic expects to both accelerate multiple innovation initiatives across its portfolio of protected-communications products and realize considerable supply-chain synergies.
Anchoring the Nuvotronics innovation platform is its patented PolyStrata technology -- developed under the Defense Advanced Research Projects Agency (DARPA) -- which enables the company to design and produce uniquely packaged RF devices, such as antennas, filters, and combiners, all of which are used as components in Cubic’s product offerings.
“Cubic provides integrated mission solutions to solve our customers’ most challenging problems. Nuvotronics’ high-performance, reduced size, weight, and power (SWaP) capability further strengthens Cubic’s offering in our high-growth, high-margin Cubic Mission Solutions business,” said Bradley H. Feldmann, chairman, president and chief executive officer of Cubic Corp. “We welcome Nuvotronics to the Cubic family and look forward to integrating their unique technologies, which are highly synergistic with our existing product lines.”
