Fergie's Tech Blog

Airlines Put Communications Company Up For Sale

An AP newswire article by Brad Foss, via Yahoo! News, reports that:

ARINC, a 77-year-old military and aviation communications company owned primarily by the nation's largest airlines, is up for sale after more than a year of deliberations about how to raise the capital necessary to grow.

No potential buyers have yet come forward.

The Annapolis, Md.-based company, which had $890 million in revenue in 2005, derives two-thirds of its business from the U.S. military, for whom it provides wireless systems that allow all branches to communicate over multiple devices. Its systems are also the backbone for some 95 percent of the U.S. airline industry's air-to-ground communications, and roughly 70 percent of the global air-to-ground market.

More here.

posted by Fergie @ 4/07/2006 07:56:00 AM