Aeroflex
 |
|
| Public | |
| Traded as | : ARX |
| Industry | Wireless test and measurement Hi-rel semiconductors |
| Fate | Acquired by Cobham plc |
| Founded | 1937 |
| Defunct | May 2014 |
| Headquarters | 35 South Service Road,Plainview, New York, United States |
|
Number of locations
|
21 |
|
Area served
|
Worldwide |
|
Key people
|
Leonard Borow (CEO) Harvey R. Blau (Chairman and CEO, 2002–2007) |
| Revenue |
 $655 million (FY 2010)
|
| Profit |
$-12.2 million (FY 2010)
|
| Total assets | $1.36 billion (FY 2010) |
| Total equity | $150 million (FY 2010) |
|
Number of employees
|
2,850 (2010) |
| Website | aeroflex |
Aeroflex Inc. was an American company which produced test equipment, RF and microwave integrated circuits, components and systems used for wireless communications. Its headquarters were located in Plainview, New York. In May 2014, Aeroflex was acquired by the UK aerospace company Cobham for $1.46 billion.
Aeroflex consisted of Aeroflex Microelectronic Solutions (AMS), a fabless manufacturer of rad-hard and high reliability semiconductor devices, and Aeroflex Test Solutions (ATS), which produced electronic test equipment.
In 2002, Aeroflex acquired IFR Systems Inc, a test equipment manufacturer from Wichita, Kansas. In 1998, IFR previously acquired Marconi Instruments, a British test equipment manufacturer.
In 2007, Aeroflex was taken private by a group of private equity firms including Veritas Capital, Golden Gate Capital, GS Direct.
In 2008, Aeroflex acquired Gaisler Research, a designer of rad-hard IP for space applications, including the open source LEON processor.
In 2009, Aeroflex acquired VI Technology, a test automation company.
In 2010, Aeroflex acquired Willtek, a test equipment manufacturer from San Diego, California. Willtek was split from another company which previously acquired Wavetek.
In 2010, Aeroflex acquired Radiation Assured Devices of Colorado Springs, Colorado and changes its name to Aeroflex RAD.
In 2010, Aeroflex announced an initial public offering of 17.25 million shares.
In FY 2010, AMS and ATS contributed almost equally to net sales. The majority of sales, particularly for AMS, are in the space, avionics, and defense markets.
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