GEC Completes Tracor Acquisition
The U.K.'s General Electric Company p.l.c. announced June 24 a merger of its subsidiary in the U.S. with the U.S. company Tracor Inc.
Tracor will be managed by the North American operations of GEC-Marconi, a major subsidiary of GEC, to be called Marconi North America Inc., and headquartered in Wayne, N.J., the company said.
"The addition of Tracor to the GEC-Marconi family of companies in North America strongly reinforces our position to become the number-one transnational aerospace/defense electronics and information systems company in the world,'" said Mark Ronald, president and chief executive officer of Marconi North America Inc.
"GEC-Marconi is the sixth largest defense contractor in the world and becomes the ninth-largest U. …
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