Wyle Laboratories - History

History

Founded in 1949 by Frank S. Wyle (grandfather of actor Noah Wyle) as part of the rapidly expanding Southern California aerospace industry, Wyle Laboratories, Inc. began operations in El Segundo, CA as a testing laboratory. Over time, the company diversified into a variety of markets and businesses. Through a buy-out in 1995, the company was split into Wyle Electronics and the Scientific Services and Systems Group, which continued to operate as Wyle Laboratories. In 2007, the company decided to simplify its name to Wyle since its primary business focus had evolved into a wide range of high tech services and solutions. It still operates laboratories, but its primary business focus is on securing long term services contracts from the Department of Defense, NASA and other Federal agencies.

In 1998, Wyle acquired Krug Life Sciences, an aero-medical research company with 30-plus years of history supporting NASA’s manned space flight programs. In January 2005, Wyle acquired the General Dynamics Aeronautics division, formerly a part of Veridian, adding aviation research, development, test and evaluation (RDT&E) expertise to the Company's portfolio.

In 2008, Wyle acquired RS Information Systems, which today is the Company’s third primary business group, providing services as Wyle Information Systems Group. The acquisition brought total annual revenue to $800 million and the total number of employees to 4,200, giving Wyle an additional presence in the Washington D.C. "Beltway" area. In a subsequent reorganization, Wyle’s heritage Test, Engineering and Research Group was folded into the Aerospace Group, returning the organization to three primary business groups, but with an emphasis on aerospace and IT systems rather than independent test and evaluation. The unit was subsequently split off again in late 2010 and operates as an independent unit within Wyle.

In May 2009, Wyle entered into a merger agreement to be acquired by Court Square Capital Partners, an investment company which is now the majority shareholder.

In September 2010, Wyle bought the CAS unit from ITT and organized it as the company's fourth operating group. The CAS Group specializes in a wide range of services and solutions to the U.S. Army and related customers.