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Competitive edge, sustainable returns and long-term stakeholder value—in January, CIRI announced the acquisition of two new companies: HABCO Industries, LLC (HABCO) and I2X Technologies (I2X). The CIRI Board of Directors authorized the purchase of both companies after a thorough due-diligence review.
“Adding these companies to CIRI’s business portfolio is a strategic investment in our future,” CIRI Board Chair Doug Fifer said. “Each acquisition strengthens our ability to deliver on our mission and aligns directly with our long‑term vision for growth.”
“By expanding into complementary markets and adding new technical capabilities, we diversify our revenue streams and build a more resilient business model,” CIRI CEO Swami Iyer added. “These integrations not only enhance the value we bring to customers, but also position us for sustainable, long‑term performance—creating meaningful benefits for our Shareholders, Descendants and families.”
HABCO: A strategic step into the fast-growing aerospace market
Connecticut-based HABCO is an aerospace manufacturer specializing in the design and production of support and test equipment for commercial and defense aviation. Established in 1970, the company serves more than 250 customers in 50-plus countries.
“Demand for advanced aerospace technologies continues to rise, driven by commercial aviation, defense modernization, and the rapid evolution of space and unmanned systems,” Swami said. “This addition of HABCO to our portfolio not only aligns with our mission of advancing high‑performance, mission‑critical systems, but positions CIRI at the forefront of an industry with strong, sustained global demand.”
I2X: Full-spectrum technology and engineering expertise
Colorado-based I2X is a leading provider of software and systems engineering, cybersecurity, integration and testing, and data‑management services. Its combination of innovative technologies, loyal customer base and competitive advantage in a rapidly expanding industry align with CIRI’s commitment to building a resilient, future‑focused enterprise.
I2X will be consolidated under CIRI subsidiary OSC Global, a technology and cybersecurity company. In addition to I2X, OSC Global companies include Granite, OSC Edge, OSC EdgeTech and OSC Technical Solutions.
Advancing mission-critical solutions through purpose-driven growth
Acquisitions that align with CIRI’s mission and advance our core work are central to the Company’s long‑term strategy. Choosing investments that add value and strengthen key capabilities supports ongoing stability, innovation and organizational readiness.
“Acquiring HABCO and I2X reinforces the core priorities guiding the CIRI enterprise in 2026— delivering Shareholder value and strengthening operational excellence,” Doug said. “As we continue to grow with discipline and purpose, the Board and I remain committed to transparency, thoughtful decision‑making and honoring the trust you place in us.”
