Channel Technologies buys Massacusetts defesnse firm
By Erika Martin / Thursday, October 9th, 2014 / Latest news, South Coast, Technology / Comments Off on Channel Technologies buys Massacusetts defesnse firm
Santa Barbara-based military contractor Channel Technologies Group announced today that it has acquired Materials Systems Inc., a producer of sonar technology. The value of the deal was not disclosed. The Massachusetts-based firm will become a wholly owned subsidiary of Channel Technologies, which is owned by private equity group Blue Wolf Capital Partners. Both companies use Read More →
Region’s defense firms brace for $113M in cuts
By Stephen Nellis / Friday, August 31st, 2012 / Technology, Top Stories, Tri-County Economy / Comments Off on Region’s defense firms brace for $113M in cuts
If a $55 billion cut to the U.S. defense budget takes effect on Jan. 2 as planned, small and mid-sized military contractors in the Tri-Counties stand to be hit the hardest by a $113 million reduction in the $1.2 billion that currently goes to defense spending in the region. The military cuts are part of Read More →
