SRC acquires SAZE

Not-for-profit research and development company SRC said today it has acquired SAZE, which specializes in radar research and development.

SRC, which focuses on the defense, environment and intelligence sectors, said SAZE has been a subcontractor and teammate in the past.

Under the deal, SAZE becomes a subsidiary under SRC Ventures and 11 SAZE employees join SRC. The group will remain in SAZE's Maryland office and continue working on existing SAZE contracts.