Marine link
 

Raytheon To Purchase Assets Of Standard Radio

Raytheon Company announced that it has completed the transaction to purchase certain assets of the marine communication business of Standard Radio A8 of Sweden. Standard (Stockholm, Sweden), is a manufacturer of shipboard communications equipment which complies with international requirements for the Global Maritime Distress and Safety System (GMDSS) and point-to-point communications systems for land-based applications. Sales of these products in 1995 were approximately S7 million. These product lines will become part of Raytheon Marine's marine electronics business with sales of more than S200 million to the merchant shipping, commercial fishing, recreational boating and government markets worldwide.

Standard Radio product lines are highly complementary with Raytheon Marine's existing radar and navigation products. This acquisition will also allow Raytheon to compete more effectively in the worldwide marketplace because the combined companies can now offer shipowners and builders complete solutions for integrated ship control, communications systems, and sensor inputs from radar, global positioning systems and gyro compasses. Raytheon Marine employs more than 1,000 people worldwide, with operations in Manchester, N.H. (U.S.); Portsmouth (U.K.); and Kiel (Germany).

Raytheon Company, headquartered in Lexington, Mass.., is a SI 2-billion international, high technology company which operates in four businesses: commercial and defense electronics; engineering and construction; aviation; and major appliances.




Maritime Standards History

"Watch" On The One-Man Bridge Continues
Advantages Of Electronic Portable Tank Gauging
ASTM Committee Discusses Future Marine Technology
Autoship Releases Autoship 6
Autoship Releases Hull Design/Surface Modeling Program
Autoship Systems Corporation
AWO: Trends, Challenges and Opportunities
Bulk Carrier Safety
Bureau Veritas' Boisson Authors Maritime Safely Book
Council Member Speaks For Tanker Owners
Crowley Invests $ 5 0 Million In New Equipment For Americas Service
Evergreen's Chairman Addresses Industry Challenges
First Of lew Azimuth Sferndrive Tug Series Adulis — Completes Sea Trials
IMO's O'Neil Addresses Seamen's Church Safety Symposium
ISIT Update: Quest Far Automation Continues
KCS Unveils Tribon Dotori Details
MMS, ABS Info Integration Project Wins ARPA Funding
MTU's Fast F e r r y Engines U n d e r g o M e t a m o r p h e s is
New directions, expanded growth ahead
Northeast Technical Debuts New Tanker Cargo Tank Inspection Device
OSI: Helping To Chart The Future Of Navigation
Raytheon To Purchase Assets Of Standard Radio
Refrasil: High-Temperature Stability Welding Cloth
Samsung Tapped To Build Two Suezmax Tankers
Tanks
Tranter Acquires Heat Transfer Technologies, SA
Wartsila NSD Declares 64 Ready For Market
Why Should The Words "Substantial Alteration" Or "Major Modification" Scare Vessel Owners
World's First Natural Gas-Powered Passenger Ferry Scheduled For Spring 1993 Delivery
ZF Introduces New Reverse/Reduction Gear To North American Market
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright