Advanced Power Technologies
Advanced Power Technologies, Inc. (APTI) was an American defense contractor which was acquired by BAE Systems Inc. in March 2003.[1] It was renamed BAE Systems Advanced Technologies.
Aerospace Daily said APTI's "core competencies include radio frequency and optical engineering, communications, networking and signal and data exploitation. It also works on microwave engineering, antenna design and development, optical sensors, plasma and shock physics, advanced ordnance systems, non-destructive testing, signal and image processing and digital control systems."[2]
History
The company was founded by Atlantic Richfield Company (ARCO) as ARCO Advanced Technologies in the late 1980s. It was acquired by E-Systems in June 1994 and renamed Advanced Power Technologies.[3]
In 1995 E-Systems was itself acquired by Raytheon. In January 1998 APTI was de-merged in a management buy-out to become a private company.[4]
References
- ^ "BAE SYSTEMS Closes $27 million Deal For R&D Firm APTI". Defense Daily. PBI Media. 2003-03-28.
- ^ Jonson, Nick (2003-04-18). "BAE Systems to acquire Advanced Power Technologies". Aerospace Daily. The McGraw-Hill Companies.
- ^ "E-Systems buys ARCO Power Technologies". The New York Times. 1994-06-30.
- ^ Noguchi, Yuki (2003-02-15). "BAE Agrees To Buy D.C. Defense Firm". The Washington Post.