Trouble in Your Tank: Organic Addition Agents in Electrolytic Copper Plating
Marcy’s Musings: Can You Hear the Voices?
Facing the Future: Successfully Navigating the Uncertain Path Ahead
AirBorn Announces Agreement to be Acquired by Molex
November 18, 2024 | PRNewswireEstimated reading time: 1 minute
AirBorn, a global manufacturer of high reliability electronics and components, announced it has entered into an agreement to be acquired by Molex, a leading global connectivity and electronics solutions provider.
"AirBorn will serve as the platform for Molex's aerospace and defense business, and that is a powerful opportunity for our highly specialized team," said Michael Cole, President & CEO of AirBorn. "By uniting AirBorn's unique expertise in the aerospace and defense market with Molex's global scale, capabilities and financial stability, we will be well positioned to pursue exciting profitable growth opportunities together."
"The aerospace and defense market represents an important new category of business for Molex. We are very excited about the opportunity to bring further diversification to our portfolio through a company with such a strong reputation and complementary product set," said Joe Nelligan, CEO, Molex. "Molex's combined engineering and manufacturing capabilities and AirBorn's long history and expertise in this fast-growing segment positions us well to support the expanding needs of our customers."
For more than 60 years, AirBorn has designed, manufactured and qualified electronic components for mission-critical applications in the military and defense, commercial air, space exploration, medical and industrial markets.
The acquisition is expected to close by early December 2024 subject to regulatory approvals. Details of the purchase agreement will not be disclosed. Wells Fargo Securities, LLC served as exclusive financial advisor and Locke Lord served as legal counsel to AirBorn on the transaction.
Share on:
Suggested Items
L3Harris Expands Indiana Facility to Support America’s Golden Dome
04/18/2025 | L3Harris TechnologiesL3Harris Technologies has completed a $125 million expansion at its space manufacturing facility in Fort Wayne to support the Department of Defense’s urgent need for on-orbit technology to defend the homeland by building a “Golden Dome” around the United States.
Safran Inaugurates Advanced Manufacturing and Engineering Hub in Colorado to Propel Innovation in Satellite Propulsion
04/17/2025 | PRNewswireJoe Bogosian, CEO of Safran Defense & Space, Inc. (Safran DSI), and Pier Roviera, President of Space Solutions at Safran DSI, inaugurated the company's new manufacturing facility in Parker, Colorado, on April 11.
Teledyne FLIR Defense Awarded $74.2M U.S. Army Contract
04/10/2025 | BUSINESS WIRETeledyne FLIR Defense, part of Teledyne Technologies Incorporated,, announced it has been awarded a four year, $74.2 million contract by the U.S. Army for continued development of the next-generation mounted reconnaissance capability for the M1135 Stryker’s Nuclear, Biological and Chemical Reconnaissance Vehicle (NBCRV) Sensor Suite Upgrade Program.
Molex Releases New Report on Strategies for Advancing Rugged, Reliable Connectivity in Modern Aerospace and Defense Applications
04/01/2025 | MolexMolex, a global electronics leader and connectivity innovator, has released a new report from AirBorn, a Molex company, which explores the unrelenting demands for constant, continuous connectivity to support the rigors of modern aerospace, defense and space-industry applications.
PGZ, Safran to Pursue Further Cooperation
04/01/2025 | SafranPolska Grupa Zbrojeniowa S.A. and Safran, a French high-technology group and major player in aerospace and defense, have signed a Memorandum of Understanding to jointly pursue further business opportunities as part of European defense industry cooperation efforts.