BNET Industries
Last Fiscal Year Sales:$245.4M
- Public
- US
Dow Jones Description
Axsys optical systems are found in applications that demand the finest optical surfaces, the highest accuracy, and the tightest motion tolerances. In demanding applications such as airborne thermal targeting, missile tracking, space-borne surveillance, and semiconductor micro-inspection the movement of structures, optics, and electronics must be precisely controlled to ensure the accurate operation of critical functions. And these tolerances must be maintained over long periods of time. Even minor inaccuracies can significantly impact the effectiveness of a satellite, or even more critically, negatively impact the outcome of a military engagement. For over 40 years, Axsys has been designing and delivering accurate and reliable optical and motion control solutions to the US government and to high performance commercial markets. Axsys engineers are applying this experience to create increasingly sophisticated, vertically integrated systems that combine optics and motion. These systems are enabling a growing range of demanding optical applications such as thermal weapons systems, nighttime surveillance cameras, and highly precise medical imagers.
Chairman of the Board and Chief Executive Officer
Stephen W. BershadNumber of Employees 991
Contact Information
175 Capitol Blvd Ste 103
Rocky Hill, Connecticut 06067-3914
(860) 257-0200
Peer Companies
NAICS Code Optical Instrument and Lens Manufacturing: 333314
Recent Events
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UPDATE:General Dynamics Raises 2009 View On Strong Revenue
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General Dynamics Advanced Information Systems acquires Axsys Technologies
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General Dynamics completes Axsys acquisition
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David Moenning's Daily State of the Markets: 6/5
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Defense deals to grow, but more niche than mega
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Firm with Nashua ties to be bought
News & Analysis
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axsys technologies inc. - All News and Analysis
General Dynamics Buys Axys: My Work Is Done
Trader Mark submits: The saga is finally over... after putting itself up for sale Axsys Technologies AXYS has sold itself to General Dynamics GD for $54. Defense contractor General Dynamics Corp Inc (GD - News) said on Thursday that it planned to buy Axsys Technologies Inc (AXYS - News), a...
Axsys Technologies Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of Steve Levenson with Stifel. Please proceed. Stephen Levenson - Stifel Nicolaus Thank you. Good morning, everybody. Steve Bershad Good morning. David Almeida Good morning, Steve. Scott Conner Good morning. Stephen Levenson - Stifel Nicolaus Is Axsys developing...
Axsys Technologies: Solid Quarter, Unanswered Question
Trader Mark submits: Axsys Technologies AXYS put in another solid, steady quarter, but the stock is now asleep as we await some sort of resolution to the company putting itself up for sale. [Mar 11: Bookkeeping: Starting Axsys Technologies as Company Puts Itself Up for Trade] [Mar 12: Axsys...
Locking in Axsys Technologies, a 'Sorta' Flier Trade
Trader Mark submits: Axsys Technologies AXYS was a "sorta" flier trade we put on last week at $35 based on talk of a first round of auctions to put the company up for sale. [Mar 11: Bookkeeping: Starting Axsys Technologies as Company Puts Itself Up for Trade]. The stock is...
Axys Technologies Puts Itself Up for Sale
Trader Mark submits: Thanks to a reader for letting me know about this; a name I've been scratching my head over, Axsys Technologies AXYS, apparently just put itself up for sale, asking for $60. As news of this leaked, the stock jumped from $28 to $35. I am putting a...
Why Is Axys Performing So Poorly?
Trader Mark submits: A reader brought Axsys Technologies AXYS to my attention and it looked quite appealing from a fundamental standpoint. However, the stock has been in a freefall for months. In fact, I've had multiple limit orders to short it near the 50 day moving average red line the...
Axsys Technologies Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our first question comes from the line of Steve Levenson of Stifel. Please proceed. Steve Levenson - Stifel Nicolaus Thank you. Good morning. Stephen Bershad Good morning, Steve. David Almeida Good morning, Steve. Steve Levenson - Stifel Nicolaus I had some questions about Cineflex. What's...
Axys Upgraded Again, But AeroVironment Has a Better Chart
Trader Mark submits: I'm keeping this name on the radar as I like both defense and healthcare as sectors for 2009, but it's been trading like a Chinese small cap or US financial the past few weeks; crazy volatility. Axsys received the second upgrade in two weeks today [Dec 23:...
Axsys Technologies Q3 2008 Earnings Call Transcript.
Question-and-Answer Session Operator Operator Instructions Your first question comes from Steve Levenson - Stifel Nicolaus. Steve Levenson - Stifel Nicolaus I know you’ve got some pretty aggressive plans for next year on R&D with all the other thermal vision systems sort of clustered in the area around Nashua....
Stock Screen: Price Momentum + Fundamentals = Profits
Mark Barath submits: Ultimately the performance of a stock will follow the underlying fundamentals of a firm. Stocks that are rising quickly usually represent firms which are executing well and have strong profit growth. On the other hand, stocks that are falling usually represent firms that are failing to grow...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Dan Manitakos | President, Surveillance Systems Group |
| James Howard | President, Optical Systems Group |
| Peter Griffiths | Founder and President |
| David Almeida | Chief Financial Officer and Executive Vice President |
| Richard F. Hamm | Senior Vice President, Corporate Development, General Counsel and Secretary, Dendreon Corporation |
| Alex Giuffrida | Vice President of Sales, Worldwide |
| Scott Conner | President & COO |
| Keith Deconde | General Manager, Motion Control Products |
| Bart Kent | Director of Business Development |
| Chris Snyder | Director of Government Business Development |
| Colleen Zimmermann | Director of Internal Audit & Compliance |
| Geoffrey Ling | Director of Investor Relations |
| Jeff Nestel-Patt | Director of Corporate Marketing |
| Julie Oakes | Director, IR |
| Keith Haney | Director of Law Enforcement Sales |
| Pete Greer | Director of U.S. Sales |
| Cynthia J. McNickle | Controller & Secretary |
| Alesa Klein | |
| Barbara Coats | Sales Executive |
| Blanche Kent | |
| Robert G. Stevens | President, Growth Insight, Inc. |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Stephen W. Bershad | Chairman of the Board and Chief Executive Officer |
| Anthony J. Fiorelli Jr. | Chairman |
| Eliot M Fried | Board of Directors |
Mr. Bershad has been Chairman of the Board and Chief Executive Officer of Axsys since 1986 and was President of Axsys from 1986 to August 1999 and from March 2002 to the present. Prior thereto, he was a Managing Director of Lehman Brothers, Inc. and its predecessor firms, where he held a series of senior management positions in merchant banking and mergers and acquisitions. Mr. Bershad is a director of EMCOR Group, Inc., an electrical and mechanical construction and facilities services company.
| Organization | Position | Status |
|---|---|---|
| Axsys Incorporated | Chief Executive Officer | Current |
| EMCOR Group, Inc. | Chairman of The Board and Chief Executive Officer | Current |
| Axsys Technologies, Inc. | Chairman of the Board and Chief Executive Officer | Current |
| Axsys Incorporated | Chairman of the Board | Current |
| EMCOR Group, Inc. | Director | Current |
| EMCOR Group, Inc. | Audit Committee Member | Current |
| Axsys Technologies, Inc. | CEO and President | Former |
| Axsys Incorporated | President | Former |
| University of California | Jd Degree | Former |
Mr. Manitakos joined Axsys in September 2008 and currently serves as President of the Surveillance Systems Division. Prior to joining Axsys, Mr. Manitakos served as President of the Surveillance Division at ICx. Prior to ICx, Mr. Manitakos held senior management positions at FLIR Systems including Vice President and General Manager of FLIR Boston. Mr. Manitakos holds a BS in Mechanical Engineering from the University of Lowell, a Masters Degree in Mechanical Engineering from Northeastern University and an executive MBA from Suffolk University.
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | President, Surveillance Systems Group | Current |
| The Flir | Senior Vice President | Former |
| Suffolk University | MBA | Former |
| Northeastern University | Masters Degree In Mechanical Engineering | Former |
| University of Lowell | BS In Mechanical Engineering | Former |
Mr. Howard joined Axsys Technologies in 2004 and currently serves as President of the Optical Systems Group. In 1986, Mr. Howard co-founded Telic Optics, Inc., a leading optical engineering and manufacturing firm, where he served as the company's President and CEO until the company was acquired by Axsys in 2004. Prior to Telic, Mr. Howard held senior level technical management and engineering positions in the Aerospace/Defense industry. Mr. Howard holds BS and MS in Optics from the University of Rochester, and an MBA in Finance from Bentley College.
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | President, Optical Systems Group | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Founder and President | Current |
| Organization | Position | Status |
|---|---|---|
| AST Bearings Division | CFO | Current |
| Axsys Incorporated | Chief Financial Officer | Current |
| Axsys Technologies, Inc. | Chief Financial Officer and Executive Vice President | Current |
| Axsys Technologies, Inc. | CFO, Treasurer, Vice President, Finance & Admin | Current |
| Axsys Incorporated | Vice President | Current |
| Axsys Technologies, Inc. | Treasurer | Former |
| University of New Haven | MBA In Finance | Former |
| University of Connecticut | BS In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Senior Vice President, Corporate Development, General Counsel and Secretary, Dendreon Corporation | Current |
| Dendreon Corporation | General Counsel | Current |
| Dendreon Corporation | Secretary | Current |
| Dynalectric - Kentucky | Board of Directors | Current |
| EMCOR Group, Inc. | Director | Current |
| Axsys Technologies, Inc. | Board of Directors | Current |
| Dendreon Corporation | Cfo, General Counsel, Senior Vice President & Secretary | Former |
| Tropicana Products, Inc. | senior vice president | Former |
| Carlson Companies Inc. | Vice President, Corporate Development and Planning | Former |
| Medtronic, Inc. | vice president | Former |
| Medtronic, Inc. | Deputy General Counsel | Former |
| Tropicana | Former | |
| Harvard Law School | J.D. | Former |
| Wharton Graduate School of the University of Pennsylvania | M.B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Vice President of Sales, Worldwide | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | President & COO | Current |
| Axsys Technologies, Inc. | Vice President, Strategic Planning and Corporate Development | Former |
| University of Chicago | MBA In Finance and Strategy | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelica Microsystems, Inc. | Chief Technical Officer | Current |
| Motion Control Products Limited | General Manager | Current |
| Axsys Technologies, Inc. | General Manager, Motion Control Products | Current |
| Spie | Board of Directors | Current |
| Aiaa | Board of Directors | Current |
| Spie | Member | Current |
| Aiaa | Member | Current |
| PerkinElmer, Inc. | President | Former |
| PerkinElmer, Inc. | Co-founder | Former |
| PerkinElmer, Inc. | Senior Staff Engineer | Former |
| University of California, Berkeley | Ph.D. | Former |
| University of California, Berkeley | BA | Former |
| American Physical Society | member | Former |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Director of Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Director of Government Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Director of Internal Audit & Compliance | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Director of Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Director of Corporate Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Director, IR | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Director of Law Enforcement Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Director of U.S. Sales | Current |
Ms. McNickle joined Axsys in July 2000 and presently serves as the Corporate Secretary and the Corporate Controller. Prior to joining Axsys, Ms McNickle held a variety of accounting and finance roles at The Hartford, Aetna and Black & Decker. Ms. McNickle is a CPA and holds a BS in Accounting and an MBA in International Finance from the University of Connecticut.
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Controller & Secretary | Current |
| Axsys Technologies, Inc. | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Current | |
| Appalachian State University | Bachelor of Science Degree In Marketing and Management | Former |
| Wingate University | MBA | Former |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Sales Executive | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Axsys Technologies, Inc. | Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Blount International, Inc. | Chairman | Current |
| Grant Prideco, Inc. | Director | Current |
| Axsys Technologies, Inc. | Board of Directors | Current |
| Blount International, Inc. | Director | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Growth Insight, Inc. | President | Current |
| Dressman Benzinger LaVelle psc | Partner | Current |
| Waveberg Development Limited | Strategic Planning & Corporate Development Consultant | Current |
| Axsys Technologies, Inc. | Board of Directors | Current |
| St. Charles Care Center, Inc | Board of Directors | Current |
| Bluefly, Inc. | Executive Vice President | Former |
| Mercer Management Consulting, Inc. | Vice President | Former |
| Bluefly, Inc. | Partner | Former |
| Mercer Management Consulting, Inc. | Partner | Former |
| Xavier University | Master's Degree In Health Administration | Former |
| University of Cincinnati | Law Degree | Former |
| University of Cincinnati | Degree | Former |
| Thomas More College | Former |
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