Marine link
 
Articles - Navigation - History

Litton Agrees To Acquire Sperry Marine

Litton Industries Inc. has agreed to acquire Sperry Marine Inc. from an investment partnership led by J.F. Lehman & Co.

Total consideration for this transaction, which will be in the form of a stock merger, will be approximately $160 million. The transaction is subject to review by government regulatory agencies and registration of Litton common stock.

John M. Leonis, Litton's chairman and CEO, said: "Litton is a leading supplier of navigation systems for airborne and ground applications and has a smaller market position in commercial and military marine navigation. The addition of Sperry Marine brings new capabilities in the marine business that are highly complementary to our existing base and that extend our commercial business." For more information on Litton Circle 7 7 on Reader Service Card




Navigation History

1994 Marine Electronics Yearbook
Advanced Multi-Hull Designs Catamaran Wuzhou
AESA Yard Delivers Ferry Volcan De Tauce
Ashtech And Philips Semiconductors Enter Agreement
Astilleros Espanoles Contracts To Build frain Forry For Swodish Interost
BANET Project Develops Electronic Chart Data For Navigation Purposes
China Navigation Installs BMT System
Corps Of Engineers Holds Dredging Workshops
Dickinson Named Kelvin Hughes Singapore GM
Finland Awards Trimble Radiobeacon Contract
German Marine Equipment Manufacturers As Driving Force In Technology And Cost Efficiency
Hyundai Delivers 300,000-dwt VLCC To Vela Intl.
Indian, Israeli Shippers In Cooperative Pact
INLAND WATERWAYS USER FEES: An Industry Perspective
Integrated Bridge Designed lor Safety, Productivity
Litton Agrees To Acquire Sperry Marine
LR Consolidates Watch Rules
Major Lines And Vessels Honored For Safety And Heroism
NAVIGATION & COMMUNICATION
New 350-Ton Passenger Ferry Features Racal Electronics, Caterpillar Propulsion
OSI: ECDIS Pioneer Predicts Retrofit Market To Provide Big Business
PC Maritime Windows Navigation Software
Pinpoint Launches N ew Product Line
Racal-Decca Launches The Integrated Bridge For Small Ships
Ritchie MagTronic Brings Gyro Performance To Various Boats
Safety in the Towing Industry: Meeting the Challenge
Sonardyne Installs Vessel Positioning System
Sperry Marine Unveils Vision 2100 Aboard Sperry Star II
STN Atlas Offers New Navaid Development- Supplies VTS To Sweden
The International WorkBoat Show
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright