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LORAL ACQUIRES MICROCOM CORPORATION FOR $7 MILLION.

SAN DIEGO, Calif.--(BUSINESS WIRE)--April 12, 1995-- Loral Conic, a subsidiary of Loral Corporation (NYSE:LOR), has acquired substantially all of the assets of Microcom Corporation, a telemetry and communications products manufacturer, for $7 million in cash.

Microcom Corporation, Warminster, Pa., designs and manufactures communications and telemetry components and systems for airborne applications used by the U.S. Department of Defense and the aerospace industry. The products are used principally for training and test and evaluation. They include dual frequency transponders and R3 components for range instrumentation, distributed data acquisition systems, and telemetry components and systems.

Microcom Corporation's products complement Loral Conic's product lines and will give Loral the ability to offer a more complete selection of telemetry products. The acquisition of Microcom Corporation also will solidify Loral's position as a telemetry supplier to the Department of Defense.

Microcom Corporation employs approximately 250 people at its facilities in Warminster and had sales in excess of $20 million in 1994.

Loral Conic designs and manufactures airborne telemetry and range safety receivers; telemetry, video and command/control transmitters; satellite transponders/embedded encryption modules; telemetry systems and data links; video compression systems and range instrumentation transceivers.

Loral Corporation, headquartered in New York City, is a high- technology company that primarily concentrates in defense electronics, communications, space and systems integration.

CONTACT: Joseph Tedino, 703/416-5540
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Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 12, 1995
Words:222
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