TeleCommunication Systems to buy California firm

December 13, 2010|By Gus G. Sentementes, The Baltimore Sun

TeleCommunication Systems Inc. of Annapolis, which specializes in secure mobile communications for military and commercial clients, said Monday it plans to buy Trident Space & Defense LLC, of Torrance, Calif. Trident specializes in engineering and electronics solutions for global space and defense markets.

The amount of the deal was not disclosed but TCS said it involved a mix of cash and three million shares of Class A common stock.

Trident, which projects revenue of about $40 million for next year, is owned by Admiralty Partners Inc., a private equity firm.

TCS expects to close the acquisition in the first quarter next year.

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