Forbes  Sep 26  Comment 
On 9/28/16, ARC Resources Ltd (Toronto: ARX) will trade ex-dividend, for its monthly dividend of $0.05, payable on 10/17/16. As a percentage of ARX's recent stock price of $21.75, this dividend works out to approximately 0.23%. Click here to find...
Benzinga  Dec 15  Comment 
M/A-COM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) today announced that it has acquired 100% of Aeroflex's diode business for $38 million in cash. The business had approximately $37 million in revenue for the fiscal...
Benzinga  Apr 30  Comment 
Progressive Corp (NYSE: PGR)'s recently completed $875 million acquisition of a majority stake in homeowners' insurance provider ARX Holding Corp. will boost earnings and send its stock price higher, an analyst said Thursday. UBS's Brian...
Benzinga  Jan 21  Comment 
According To Bloomberg © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
TheStreet.com  Dec 17  Comment 
NEW YORK ( The Deal) -- Car insurance provider Progressive  announced on Tuesday that it has agreed to pay $875 million for a majority stake in home insurance provider ARX Holding, broadening the insurance company's offerings and adding a...
Reuters  Dec 16  Comment 
Progressive Corp , a provider of auto insurance products, said it would acquire a controlling stake in property insurer ARX Holding Corp for $875 million in cash.
DailyFinance  Sep 10  Comment 
Aeroflex Holding Corp. (NYSE:ARX) (the “Company”), a leading global provider of high performance microelectronic components and test and measurement equipment, announced that, at a special meeting of stockholders held...
Cloud Computing  Jul 21  Comment 
ARX, der weltweit führende Anbieter digitaler Signaturlösungen, gibt bekannt, dass sein Vorzeigeprodukt CoSign die Common Criteria EAL4+-Zertifizierung von OCSI erhalten hat. Die italienische ...
DailyFinance  Jun 18  Comment 
NEW YORK, NY -- (Marketwired) -- 06/18/14 -- Levi & Korsinsky notifies investors of Aeroflex Holding Corp. ("Aeroflex" or "the Company") (NYSE: ARX) of claims of breaches of fiduciary duty and other violations of state law against the board of...


Aeroflex Holding (NYSE:ARX) makes and sells electrical circuits which are used in high-performance wireless communication systems. These circuits consist of radio frequency or microwave integrated components. These technologies are used by companies in the aerospace, defense, wireless communication, and medical markets.[1]

The company expects that the budget of the U.S. Department of Defense will not grow or only only grow slightly over the next few years. This is due to the departments push to cut its budget and realign spending across its priorities. However, Aeroflex expects that the reprioritization will actually significantly help the company as the DoD pushes to modernize its electrical equipment. Especially after the wear and tear placed on the electrical and wireless systems through combat. In addition, the company expects that the DoD will continue to move towards unmanned systems which require an even greater dependence on the high performance systems that Aeroflex builds.[2]

The company's initial public offering of stock on the NYSE occurred on November 18, 2010. The company offered 17.25M shares each for $13.5. This was at the low end of the initial price range of $13.5-$15.5. The IPO raised a total of $233M. The lead underwriters of the deal were Goldman, Credit Suisse, and J P Morgan Chase (JPM).[3]

Aeroflex's total net sales rose by 9.3% from 2009 to 2010. The company reported figures of $655M in 2010 and $599M in 2009. While this rise in revenues did decrease the net loss, the company continued to report a net loss through 2010. Aeroflex's net loss in 2010 was $12M, while the loss was $77M in 2009.[4]


  1. ARX S-1/A 2010 PROSPECTUS SUMMARY "Overview" pg 1
  2. ARX S-1/A 2010 PROSPECTUS SUMMARY "Industry Overview and Market Opportunity " pg 2-3
  3. Renaissance Capital - IPO Home "Aeroflex Holding prices IPO at $13.50, low end of the range" 18 Nov 2010
  4. ARX S-1/A 2010 PROSPECTUS SUMMARY "Summary Consolidated Financial Data " pg 11
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