US aircraft carrier jet crashes into sea

US aircraft carrier jet crashes into sea

St. Louis, April 28, 2025 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE: ESE) has completed the acquisition of Signature Management & Power (SM&P) from Ultra Maritime for $550 million in cash. This strategic move expands ESCO's presence in the US Navy submarine and surface ship programs while extending into UK and AUKUS naval platforms.

The acquisition brings two key product lines: Signature Management, offering magnetic and electric field countermeasures for naval vessels, and Power Management, providing ultra-quiet motors for ship propulsion systems. These technologies are critical for enhancing stealth capabilities and preventing underwater mine and sensor detection.

The $550 million transaction will materially impact ESCO's financial profile. The company will update its FY 2025 guidance to include SM&P's impact in its upcoming Q2 2025 earnings announcement on May 7, 2025. This acquisition aligns with ESCO's long-term strategy of expanding leadership positions in high-growth end markets, particularly in specialized defense applications.

The acquisition of SM&P supports ESCO's objective of benefiting from increasing global naval defense spending as the US and its allies upgrade their aging naval defense programs. SM&P's sole-source product offerings will add significant scale to ESCO’s Navy businesses, providing increased content on US Navy submarine and surface ship programs and expansion into vital UK and AUKUS navy platforms.

References:
[1] https://www.stocktitan.net/news/ESE/esco-completes-acquisition-of-sm-g7t703ulbu6r.html