GD Completes Acquisition of IPWireless
General Dynamics (NYSE: GD) completed its previously announced purchase of IPW Holdings, Inc., the parent company of IPWireless, Inc., on Friday, June 8. IPWireless, a San Francisco-based provider of 3G and 4G LTE wireless broadband network equipment and solutions for public safety and military customers, has been renamed General Dynamics Broadband. It will operate as a subsidiary of General Dynamics C4 Systems, a business unit of General Dynamics. The value of the cash transaction has not been disclosed.
General Dynamics Broadband produces 3G and 4G Long Term Evolution (LTE) wireless broadband network components and user devices for end-to-end systems that enable first responders and other mobile users to access lifesaving data and applications at very high speeds. Built on commercial networking standards, the company’s products improve first responders’ effectiveness and safety by providing them with greater access to information.
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General Dynamics Broadband will continue working with its existing industry partners and customers in meeting the communication systems needs of public safety users nationwide.
“General Dynamics Broadband is now positioned to bring more innovation to the most advanced mobile broadband deployments in the government sector today,” said Chris Marzilli, president of General Dynamics C4 Systems. “Building on our history as a trusted provider of military networks that deliver access to lifesaving data on the battlefield, General Dynamics Broadband’s technologies allow us to expand our commercial networking solutions to better serve the needs of our customers, including municipalities who are moving to broadband public safety networks such as the FirstNet nationwide interoperable broadband network.”
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Source : General Dynamics Corporation (NYSE: GD)
Jun 2 - 3, 2016 - Washington, United States