Analysis & Technology acquires Vector Research.NORTH STONINGTON, Conn.--(BUSINESS WIRE)--July 29, 1996-- Analysis & Technology, Inc. (NASDAQ/NMS: AATI AATI Austin Area Translators and Interpreters Association AATI Asociación Argentina de Traductores e Intérpretes ) announced today that it has acquired privately held Vector Research Company, Inc. of Rockville, Maryland Rockville is the county seat of Montgomery County, Maryland, United States. According to the 2006 census update, the city had a total population of 59,114, making it the second largest city in Maryland. for approximately $6.5 million. Vector provides engineering and technical services primarily to U.S. Navy customers. "Vector had revenue of more than $13 million last year, and fits very well with A&T's strategy of growing Navy business through acquisition," noted Gary Bennett Gary David Bennett (born April 17, 1972 in Waukegan, Illinois) is a back-up catcher for the St. Louis Cardinals, a Major League Baseball team. Bennett made his major league debut in 1995 for the Philadelphia Phillies after the Phillies drafted him in the eleventh round of , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We expect that the acquisition will have a non-dilutive impact on fiscal year 1997 earnings, with a positive earnings impact beginning in fiscal year 1998." Bennett continued, "This is a good marriage. Vector's expertise in hull, mechanical, and engineering systems complements the high-end engineering services work performed by our own Engineering Technology Center (ETC ETC - ExTendible Compiler. Fortran-like, macro extendible. "ETC - An Extendible Macro-Based Compiler", B.N. Dickman, Proc SJCC 38 (1971). ). I look forward to combining the energy and expertise of the two companies in future work efforts." The acquisition of Vector Research gives A&T a significant new capability for serving customers at the David Taylor David Taylor or Dave Taylor can be one of several persons: Sports people
NSWC , Carderock Division, in Bethesda, Maryland Bethesda is an urbanized, but unincorporated, area in southern Montgomery County, Maryland, just Northwest of Washington, D.C. It takes its name from a church located there, the Bethesda Presbyterian Church, built in 1820 and rebuilt in 1850, which in turn took its name from . The Carderock lab provides research, development, test and evaluation of new concepts and technologies supporting Navy surface ships and submarines. Vector Research recently won contracts totaling approximately $60 million to provide support for ship noise quieting and super conductive technologies. The acquisition also will add 110 employees to the more than 200 people A&T already employs in the Washington, D.C. area, which Bennett explained gives the Company greater flexibility to assemble project teams for business in this key market. Working with clients, Analysis & Technology, Inc. provides technology-based solutions in engineering services, information technologies, and interactive multimedia training systems. The Company reported $124 million in revenue for the fiscal year ended March 31, 1996. Except for historical information contained in this news release, the information in the release consists of forward looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Potential risks and uncertainties include changes in Navy program funding priorities, budget reductions in defense programs, and pricing pressures from competitors and/or customers. Other risks and uncertainties are discussed in the documents filed by the Company with the Securities and Exchange Commission. CONTACT: Analysis & Technology Elaine Beckwith 860-599-3910, ext. 2630 E-Mail: ebeckwith@cc.atinc.com World Wide Web: http://www.aati.com |
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