Additionally, the company continues to invest in its engineering-solutions business, which leverages core engineering and manufacturing competencies and skills to identify and support cost-effective products for customers. Richardson--whose niche lies in the RF and wireless communications, industrial power conversion, medical imaging, security and display systems markets--has additional capabilities in product manufacturing, systems integration, prototype design and manufacture, testing and logistics.

Richardson sold its Burtek Systems Corp. and Security Systems Division to Honeywell International Inc. last June for $80 million. It used the proceeds from the sale to pay down bank and intercompany debt, to eliminate the majority of foreign-exchange gains and losses affecting quarterly performance, and to acquire the needed capital to invest in its engineered-solutions businesses, according to company documents.