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DRS Technologies Secures Codem Systems

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DRS Technologies Inc. of Parsippany, N.J., has purchased Codem Systems Inc. of Merrimack, N.H., in a stock purchase valued at roughly $29 million in cash, with additional payment as certain financial goals are achieved. Employed in electronic warfare, communications intelligence, and radio spectrum management, Codem's high-frequency-signal intelligence systems complement DRS' intelligence systems business. Codem also offers its product base, customer relationships and its position in growing markets. In other news, DRS will produce short and very long wavelength IR focal plane array sensor...Read full article

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    Published: June 2005
    BusinessCommunicationsdefenseDRS Technologies Inc.high-frequency-signal intelligence systemsIR focal plane array sensor moduleslight speedSensors & Detectors

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