Launches Fisica, Kanders' New Defense Technology Platform
PALM BEACH, Fla., June 3, 2024 /PRNewswire/ -- Kanders & Company, Inc. ("Kanders"), a U.S.-based single-family office, announced today the completion of its previously announced acquisition of certain antenna and test equipment businesses from L3Harris Technologies (NYSE: LHX) for $200 million.
The acquired ATI, Datron and Randtron businesses will operate under Fisica, Inc. ("Fisica"), Kanders' defense technology platform, and manufacture airborne and ground-based antennas, and electromagnetic systems and simulators for applications across radar, communications, warning systems, remote sensing, nuclear effects testing and imaging. Fisica, which is based in San Leandro, Calif., with additional operations in Menlo Park and Simi Valley, Calif., is well positioned for continued growth as a critical partner for flagship defense primes and the U.S. Department of Defense. Additional information about Fisica can be found at https://www.fisica.com.
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