WASHINGTON — AMERGINT Technologies Holdings has completed the purchase of Collins Aerospace’s space-based optics business from Raytheon Technologies Corporation, AMERGINT announced Sept. 1.
The newly acquired business, which provides electro-optical systems for the Department of Defense, will be renamed Danbury Mission Technologies.
“We are extremely proud to welcome the Danbury team,” says Larry Hill, CEO of AMERGINT Technology Holdings. “Renowned for designing, developing and producing optical systems that have enabled the U.S. to observe Earth from space, Danbury has been integral in supporting national security space programs designed to protect U.S. interests.”
The move was one of the major divestitures required by the U.S. Department of Justice when they approved the merger of defense contracting giants United Technologies Corp. and Raytheon back in March. Along with the space-based optics business, the government mandated Raytheon Technologies sell its military airborne radios business and UTC’s military GPS business.
Raytheon and UTC officially merged in June. BAE Systems announced it had completed the $1.9 billion purchase of the military GPS business in July and has agreed to purchase the airborne radios business for $275 million.
The terms of the AMERGINT deal were not disclosed.
“We look forward to working with government and industry leaders to continue to deliver advanced solutions that support the space and defense mission,” said Danbury President Andreas Nonnenmacher, who will also serve as president of AMERGINT.