Semcor provides a wide range of technical and engineering services, primarily to the Department of Defense, in the areas of communication, aviation, and information technology. Headquartered in Mt. Laurel, New Jersey, Semcor has 42 offices in 24 states and employs more than 1,100 people. The company had revenues of approximately $95 million (unaudited) in the fiscal year ended December 31, 1997 and has a current contract backlog of approximately $350 million.

"We are extremely pleased with this acquisition and are very enthusiastic about the potential this strategic combination will offer our customers, shareholders and employees," said George A. Robinson, Chairman of the Board, President and CEO of ACS. "This, along with the recent acquisitions of RF Microsystems, Inc. and Integrated Systems Control, Inc., significantly furthers ACS's strategy to consolidate superior satellite communications capabilities. Together, ACS and Semcor present significantly expanded capabilities to our customers and the combined company will be in a more competitive position to expand its market share. In addition, this acquisition provides ACS access to new market areas that are Semcor's strength, including DOD aviation support and commercial information technology."

"Semcor is an excellent addition to the ACS family," continued Robinson. "They have a solid reputation with their customers and we have been extremely impressed with the strength of their managers and their high quality operations." Robinson said that ACS expects to maintain the current organization structure and retain Semcor's existing management team. Vince Vidas will remain as President and CEO of Semcor.

Vidas stated, "We are extremely pleased to be partnered with an industry leader such as ACS. The synergy and cultural fit between ACS and Semcor is extraordinary. Both companies have shown growth in the core business areas of communications and information technology while Semcor offers ACS access to new market segments. The two companies' business and customer base complement each other very well."

Advanced Communication Systems provides communication and information technology services and solutions, predominantly to U.S. government agencies and to a lesser extent commercial and international customers. The Company is headquartered in Fairfax, Virginia and has fifty-two locations in the United States and one in the United Kingdom.

Semcor

Related Links

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS Solar Energy Solutions Tempur-Pedic Mattress Comparison ... Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

SPACEDAILY

Raytheon Wins Navy SatCom Upgrade
Lexington - June 22, 1998 -
Raytheon has received a $10.1 million contract for the initial production of 32 Navy Extremely High Frequency (EHF) Satellite Communications (SATCOM) Program terminals Medium Data Rate (NESP MDR) communications upgrade kits. The contract, awarded by the U.S. Navy Space and Naval Warfare Systems Command, San Diego, Calif., includes options for an additional 109 systems, training and life cycle support valued at up to $105 million.