*Sent:* Wednesday, February 28, 2007 6:45 PM
Cushcraft Sold

Long-time ham-radio manufacturer Cushcraft Corporation announced today that it has been purchased by U.K. based telecommunications giant Laird Technologies for $89.75 million in cash. Founded by Lester Cushman in the 40’s and starting out in a Hayward St. Garage, the Manchester NH company has grown steadily over the years, diversifying into a wide range of antenna markets to include wireless LAN, WiFi, RFID, WiMAX and more. Last year, Cushcraft enjoyed annual revenues totaling over $33 million with an operating profit of $8.9 million. The company, which nearly tripled sales over the past 3 years, has been one of few to successfully outsource a large percentage of its annual production without the loss of a single domestic job. According to a company spokesperson, the Manchester facility at 48 Perimeter Road will be key to Laird’s expanding strength in engineering and RF product design.

Subscribe/unsubscribe, feedback, FAQ, problems http://njdxa.org/dx-chat

To post a message, DX related items only, dx-chat@njdxa.org

This is the DX-CHAT reflector sponsored by the NJDXA http://njdxa.org

Reply via email to