Bulova Technologies Group Inc (fka BTGI)

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History of Bulova Technologies Group, Inc.
The Company started as an operating subsidiary of the Bulova Watch Company, established as a watchmaker in 1875. Post World War II, watch companies were sought out by the U.S. Defense Department to produce military fuzes because of the mechanical time complexities similar to watches. In 1941, Bulova Watch Company began manufacturing products for national defense at actual cost. Bulova has operated as a defense contractor and systems contract manufacturer since WWII.

In 1975, Bulova Watch Company formally established a subsidiary, Bulova Systems & Instruments Corporation ("BSIC"), for its defense operations.

In 1979, Loews Corporation acquired Bulova Watch Company, including its subsidiaries. The Company grew substantially and became profitable in 1982. Revenues from fuzes began accounting for the larger percentage of the business. By late 1980s, the Company recorded almost 30% of its sales from fuzes to the Government. In 1988, Bulova Watch Company changed its name to Bulova Corporation.

In 1989, the BSIC acquired its main competitor, Hamilton Technology, Inc. The merged entity was known as Bulova Technologies, subsidiary of Bulova Corporation. Bulova Technologies, which has been a world leader in fuzes, safe and arming devices, and load, assemble and pack of key military ammunition programs for over 50 years. National Defense Company LLC led by CEO Stephen L. Gurba, acquired Bulova Technologies from Bulova Corporation in 1995. The Company purchased ordnance capability for load, assemble, and packing of munitions from Lance Ordnance in Mayo, Florida in October 2005. The business was named Bulova Technologies Ordnance Systems LLC.

In 2008, BT Acquisition Company LLC, a wholly owned subsidiary of a privately held Florida corporation purchased through an Article 9 foreclosure, certain of the operating assets and member interests of Bulova Technologies, LLC that primarily related to printed circuit board manufacturing, ordnance design, production and combat systems. On January 1, 2009, Bulova Technologies Group, Inc. acquired the privately held Florida Corporation.