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.
Chameleon John Coupons
6 Dollar Tshirts
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!