Li Defense Contractors Go On Acquisition Spree

Summary


Long Island defense and security contractors, flush with cash, have gone on a buying spree.

Within the last nine months, Aeroflex Inc., Comtech Telecommunications Corp., EDO Corp., Orbit International Corp. and Verint Systems all have bulked up in what industry observers said could be an extended acquisition drive.

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Li Defense Contractors Go On Acquisition Spree

I think you'll see more of it going on, said C. Kenneth Morrelly, president of the Long Island Forum for Technology, a regional technology center. It's like fi...

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