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Saturday, December 14, 2024

Acquisitions for VT and Land Securities

Maritime Activity Reports, Inc.

February 13, 2007

Support services and shipbuilding company VT Group has acquired the US MILCOM Systems Corporation for $42.5m reported Citywire. Virginia-based MILCOM expects to produce revenue of $100m with a profit margin of 5%. MILCOM designs, plans, installs and supports electronics and communications systems, primarily for the US Government. Principal shareholder was the Josephine H Fleming Revocable Trust. Source: Citywire

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