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Thursday, Oct 6, 2022
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SAIC Closes AETC Acquisition

Defense contractor SAIC Inc. announced the completed acquisition of San Diego-based AETC Inc. on Nov. 8.

AETC develops remote sensing systems using acoustic, non-acoustic, radar and electromagnetic techniques, which can detect objects above and below ground, in the water or air.

AETC’s 46 employees will move into SAIC’s research, development, test and evaluation group.

Terms of the acquisition were not disclosed.

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San Diego-based SAIC is traded on the New York Stock Exchange as SAI and closed Nov. 8 down 4 percent from the previous day’s close at $19.18.

, Andy Killion

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