Counter Radio-Controlled Improvised Explosive Device (RCIED) Electronic Warfare or CREW development contract was recently awarded to Northrop Grumman, Sierra Nevada and ITT. Notably left out was current CREWS manufacturer EDO.
In a great commentary over at the Ares blog, Joe Anselmo points out "EDO shareholders are set to vote on Dec. 18 on a proposed $1.7 billion acquisition of their company by ITT". Check it out here.
Sources: As cited.
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