ESCO Technologies Inc., through its wholly-owned direct and indirect subsidiaries, operates as a major supplier of engineered products to industrial and commercial markets.
The company is a global provider of highly engineered filtration and fluid control products and integrated propulsion systems for the aviation, navy, space and process markets worldwide, as well as composite-based products and solutions for navy, defense and industrial customers.
The company provides radio frequency (RF) sh...
ESCO Technologies Inc., through its wholly-owned direct and indirect subsidiaries, operates as a major supplier of engineered products to industrial and commercial markets.
The company is a global provider of highly engineered filtration and fluid control products and integrated propulsion systems for the aviation, navy, space and process markets worldwide, as well as composite-based products and solutions for navy, defense and industrial customers.
The company provides radio frequency (RF) shielding and electromagnetic compatibility (EMC) test product. The company provides diagnostic instruments, software and services for the benefit of the electric utility and renewable energy industries and industrial power users.
In November 2023, the company acquired MPE Limited (MPE), a United Kingdom-based global manufacturer of high-performance products for military, utility, telecommunication and other critical infrastructure applications. In February 2023, the company acquired CMT Materials, LLC and its affiliate Engineered Syntactic Systems, LLC (together, CMT). CMT is a leading supplier of syntactic materials for buoyancy and specialty applications, with expertise in designing and manufacturing custom syntactic foam components and systems utilized in industrial, oceanographic, military, and naval applications. In 2021, the company acquired Networks Electronic Company, LLC (NEco). NEco, based in Chatsworth, California, provides miniature electro-explosive devices utilized in mission-critical defense and aerospace applications. In addition, as previously announced in August 2024, the company engages in a strategic review of its Space business at VACCO.
Segments
The company operates through three segments: Aerospace & Defense (A&D); Utility Solutions Group (USG); and RF Test & Measurement (Test).
A&D
This segment includes PTI Technologies Inc. (PTI), VACCO Industries (VACCO), Crissair, Inc. (Crissair), Mayday Manufacturing Co. (Mayday), and Globe Composite Solutions, LLC (Globe, including Westland Technologies, Inc.)
Utility Solutions Group (USG)
This segment includes Doble Engineering Company; Morgan Schaffer Ltd. (Morgan Schaffer); I.S.A. – Altanova Group S.r.l. and affiliates (Altanova); and NRG Systems, Inc. (NRG). Doble includes Doble Engineering Company and ESCO’s other USG subsidiaries except NRG.
RF Test & Measurement (Test)
This segment includes ETS-Lindgren Inc. and MPE Limited (MPE). ETS-Lindgren includes ETS-Lindgren Inc. and ESCO’s other Test segment subsidiaries.
Products
A&D
The A&D segment accounted for approximately 44% % of the company’s total revenue in 2024. This segment has facilities in the United States and Mexico.
The segment’s operations consist of PTI, VACCO, Crissair, Mayday and Globe. The companies within this segment primarily design and manufacture specialty filtration, fluid control and naval products, including hydraulic filter elements, fluid control devices and precision-tolerance machined components used in aerospace and defense applications, unique filter mechanisms used in micro- propulsion devices for satellites, custom designed filters for manned aircraft and submarines, products and systems to reduce vibration and/or acoustic signatures and otherwise reduce or obscure a vessel’s signature, and other communications, sealing, surface control and hydrodynamic related applications to enhance the U.S. Navy maritime survivability; and miniature electro-explosive devices for military aircraft ejection seats and missile arming devices.
USG
USG segment accounted for approximately 36% of the company’s total revenue in 2024. This segment has facilities in the United States, Canada, and outside North America.
The segment’s operations consist primarily of Doble Engineering Company, Morgan Schaffer and Altanova (collectively, Doble), and NRG. Doble is an industry leader in the development, manufacture and delivery of diagnostic testing and data management solutions that enable electric power grid operators to assess the integrity of high-voltage, high-current and high-power delivery equipment. It combines three core elements for customers – diagnostic test instruments and condition monitoring systems, expert consulting, and testing services – and provides access to its large reserve of related empirical knowledge. Altanova provides a significant international platform for Doble by representing the company’s products and solutions in markets outside North and South America and Canada. NRG is a global market leader in the design and manufacture of decision support tools for the renewable energy industry, primarily wind and solar.
Test
Test segment accounted for approximately 20% of the company’s total revenue in 2024. This segment has four facilities in the United States and seven outside the United States.
The segment’s operations consist primarily of ETS-Lindgren, an industry leader in designing and manufacturing products and systems to measure and control RF and acoustic energy for research and development, regulatory compliance, and medical and security applications. It serves the acoustics, medical, health and safety, electronics, wireless communications, automotive and defense markets, providing a broad range of turnkey systems, including RF test facilities and measurement systems, acoustic test enclosures, RF and magnetically shielded rooms, and secure communication facilities.
ETS-Lindgren also supplies a broad range of components, including RF absorptive materials, filters, antennas, field probes, test cells, proprietary measurement software and other test accessories required to perform a variety of tests and measurements. It offers a variety of services, including calibration and product tests accredited by the following organizations: American Association for Laboratory Accreditation, National Voluntary Laboratory Accreditation Program and CTIA-The Wireless Association Accredited Test Lab. MPE’s comprehensive standard suite of core products spans high performance feedthrough capacitors, high current power, telephone, data & control line filters, through to the latest range of High Altitude Electromagnetic Protection filters.
Marketing and Sales
The company’s products generally are distributed to customers through a domestic and foreign network of distributors, sales representatives, direct sales teams and in-house sales personnel.
The company’s sales to international customers accounted for approximately 28% of its total revenue in 2024.
Government Contracts
Some of the company’s products are sold to the U.S. Government either directly under contracts with the Army, Navy and Air Force, as well as other Government agencies or indirectly under subcontracts with their prime contractors. Direct and indirect sales to the U.S. Government, primarily related to the A&D segment, accounted for approximately 27% % of the company’s total revenue in 2024.
The company’s Government contracts primarily include firm fixed-price contracts under which work is performed and paid for at a fixed amount without adjustment for the actual costs experienced in connection with the contracts.
Suppliers
The company’s Test segment is a vertically integrated supplier of electro-magnetic (EM) shielding, RF absorbing products and EMC/EMP/Tempest filters, producing most of its critical RF components itself.
Competition
Primary competitors of the company’s A&D segment include Pall Corporation (a subsidiary of Danaher Corporation), Moog, Inc., Safran (Sofrance), CLARCOR Inc., TransDigm (PneuDraulics), Marotta Controls, Parker Hannifin, and Collins Aerospace.
Significant competitors of the company’s USG segment include OMICRON Electronics Corp., Megger Group Limited, Vaisala, and Qualitrol Company LLC (a subsidiary of Fortive Corporation).
The company’s Test segment is a global leader in EM shielding. Significant competitors in this market include Rohde & Schwarz GMBH, Microwave Vision SA (MVG), TDK RF Solutions Inc., Albatross GmbH, IMEDCO AG, Universal Shielding Corp., and Schaffner.
Research and Development
The company’s total Company and customer-sponsored research and development expenses were approximately $12.0 million for 2024.
History
ESCO Technologies Inc. was incorporated in Missouri in 1990.