Share this article

print logo

Calspan expands capabilities through acquisition

Calspan Holdings acquired Triumph Aerospace-Systems Newport News, a company that specializes in engineering and manufacturing complex hardware and prototype systems.

Terms of the deal, which was completed Sept. 30, were not disclosed. Triumph has operations in Newport News, Va., as well as a division in San Diego, Calif.

Triumph, which will change its name to Calspan Systems Corp., has 75 employees in Virginia and 10 in California, most of which Calspan will keep, said Kara Devine, a Calspan spokeswoman.

Cheektowaga-based Calspan has 335 employees across its different operations, including at its headquarters, testing facilities and a flight research facility at the Niagara Falls airport. The company expects the acquisition will result in some new jobs “to support expected growth,” Devine said.

Louis Knotts, Calspan’s president and CEO, said the deal “expands our capabilities in providing our customers with a heightened expertise in aerospace engineering, testing and design.”

Triumph Aerospace Systems’ president, Stephanie Mumford, said the two companies’ core customers “are very similar, and we are now positioned to significantly enhance Calspan’s position in the industry.” Triumph Aerospace Systems had been a subsidiary of Berwyn, Pa.-based Triumph Group since 2006.

Local investors restored the Calspan name in 2005 when they acquired Cheektowaga-centered aerospace and testing operations from General Dynamics in a $30 million buyout.

email: mglynn@buffnews.com

There are no comments - be the first to comment