13 January 2003
13 January 2003
ATK (Alliant Techsystems) has acquired Composite Optics, Inc. (COI), a leading supplier of advanced composite products for the space and aerospace markets. Terms of the transaction were not disclosed.
Headquartered in San Diego, Calif., COI has annual sales of approximately $70 million and approximately 450 employees. The business will remain in San Diego, and will be integrated with ATK's existing composite structures operations.
COI composite products include telescope structures, optical benches, mirrors, instrument housings, satellite structures, and antenna reflectors. They serve as integral parts on a number of spacecraft, including:
- Earth observation and weather satellites such as Landsat, Quickbird, and SeaWinds.
- Scientific space platforms such as NASA's Hubble Space Telescope, Chandra X-ray Observatory, and James Webb Space Telescope, the European Space Agency's FIRST telescope, the U.S. Air Force's Airborne Based Laser and Space Based Laser, and the Mars Global Surveyor.
Paul David Miller (PDM), chairman and chief executive officer, said the acquisition of COI continues a series of strategic transactions aimed at bolstering ATK's core propulsion, composite structures, precision systems, and munitions businesses.
Solvay has signed a ten-year agreement for the supply of composites and adhesives to be used across Bell's military and commercial rotorcraft programmes, including the Bell 429, 407, 505, 525, V-22, and UH-1.
SGL Carbon and Fraunhofer IGCV have officially opened the Fibre Placement Centre (FPC) at SGL's site in Meitingen, Germany. Compositence, BA Composites and the Chair for Carbon Composites at the Technical University of Munich have also joined the alliance, and Coriolis Group and Cevotec are planning to come on board as partners.
With the aim developing a broader platform for additive manufacturing (AM) technologies, the University of Exeter, UK, and Victrex, have formed a strategic partnership to introduce next-generation polyaryletherketone (PAEK) polymers and composites while improving the performance of the underlying AM processes.