Goodrich Acquires Cloud Cap Technology
Stock quotes in this article:
GR
CHARLOTTE, N.C. (AP) Goodrich Corp. said Friday it acquired privately held Cloud Cap Technology Inc., a provider of avionics for small unmanned aerial vehicles.
Terms of the deal were not disclosed. Cloud Cap, which makes autopilot flight management systems and sensors, has 30 employees at its Hood River, Ore. facility. "This acquisition provides Goodrich with an increased presence in the rapidly growing small military UAV market, and also expands our ability to offer complete ISR imaging solutions for these platforms," said Curtis Reusser, Segment President, Electronic Systems at Goodrich. The company will be folded into Goodrich's ISR Systems business. In afternoon trading, shares added 92 cents, or 2.1 percent, to $45.20.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
|
|
UP
73.00
|
UP
6.24
|
UP
18.86
|
DOWN
0.17
|
10 Yr
3.43%
SPDR Gold
109.74
|
|
+0.72%
|
+0.57%
|
+0.88%
|
-0.49%
|
Data delayed 20 minutes |
