Molex Incorporated, today announced that it has entered into a definitive agreement to be acquired by Koch Industries. Molex will become a standalone subsidiary of Koch Industries. Koch Industries will pay approximately $7.2 billion for the firm.
Of note, prominently featured on Molex's industries page is the conglomerate's ties to the military-industrial complex:
Aerospace and Defense
By providing faster, smaller, lighter and more cost-effective COTS, harsh environment and military-grade solutions, Molex brings a wide range of technology and innovation to the aerospace and defense industry. Molex continues to develop, an array of integrated and custom solutions to assist in reaching all design goals – with exceptional quality, efficiency and reliability – to ensure seamless connectivity for critical applications.
The unmanned vehicle sector is the fastest-growing segment for the defense industry and includes systems from airframes as large as conventional aircraft to small handheld, hand-launched devices, as well as specific ground and naval systems.
Golden Eagle Coins
Chameleon John Coupons
Calling for Contributors!Got something to say?
We want to hear from you.
Submit your article contributions and participate in the world's largest independent online news community today!