US defence contractor Tracor has agreed to pay up to $80 million for Cordant, a privately owned provider of computer services to the US Government. The deal still has to receive Government and shareholder approval. Cordant, which has 300 employees and $150 million in sales, will become Tracor Information Systems. Tracor has grown rapidly since re-organising in 1991, acquiring AEL Industries earlier this year.
Source: Flight International