Hot Growth Special Report 2006 >



Radyne (RADN)

Phoenix-based Radyne is rising on the strength of systems it designs to send data and voice over satellite and microwave towers. With the explosion of sales of satellite TV in the U.S. and wireless phone service in China and elsewhere, its sales of modems for Internet service delivered by satellite and encoders to deliver signals to high-definition TV sets have doubled in the last year. Among its clients: The U.S. Defense Dept., which uses its modems for satellite-delivered communications systems, and Alabama Public TV, for which it helped build a satellite and microwave TV network. Radyne boasts satellite clients in China as well as U.S. giants PanAmSat and Intelsat. High-flying sales nearly doubled the company's revenues to $103.3 million in 2005 and lifted its stock from $7.15 to over $16 in the last year.

Company Info

2005 Rank


Market Value*
($ Millions)


($ Millions)


Sales Growth
(3-yr. avg. annual)

18.8 %

($ Millions)


Profit Growth
(3-yr. avg. annual)

61.0 %

Return on Inv. Capital (3-yr.)

15.2 %

Share Price
12-Mo. Hi/Lo


Share Price
As of 4/28/06


Return on Equity

13.9 %

P/E Ratio


No. of Employees


Industry Communications Equipment


Location Phoenix
Phone 602 437-9620
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Radyne engages in the design, manufacture, sale, integration, and installation of products, systems, and software used for the transmission and reception of data and video over satellite, microwave, and cable communication networks. The company's products include satellite Internet, broadcast receivers, modems, earth stations, high-speed and DVB modems, cable and microwave modems, frequency converters/transceivers, MPEG encoders and redundancy switches, MPEG IRDs and decoders, and MPEG ATM and network interface adapters. Radyne, through its Tiernan subsidiary, supplies HDTV and SDTV encoding and transmission equipment. Its Xicom Technology subsidiary produces high power amplifiers for communications applications and other radio frequency products. The company's products are used in applications for telephone, data, video, and audio broadcast communications; private and corporate data networks; Internet applications; and digital television for cable and network broadcast. It sells products through a network of international sales force, sales offices, agents, system integrators, and international representatives to various customers, including the television broadcast industry, international telecommunications companies, Internet service providers, private communications networks, network and cable television, financial information providers, systems integrators, and other corporate entities; and the U.S. government. Radyne operates in the U.S., Europe, Africa/the Middle East, Canada, and Asia. The company was founded in 1980 and is headquartered in Phoenix.

Data provided by Capital IQ
Robert C. Fitting

Robert C. Fitting, 71

Chief Executive Officer and Director

Total Compensation*

$ 2,276,528

Total Options Value*

$ 3,071,764

* Fiscal Year 2005

Pennsylvania State University - University Park - Bachelor's Degree, New York University - Master's Degree

Executive Bio

Robert Fitting has been a director of Radyne ComStream since March, 1995, and CEO since October, 1998. Fitting also serves as a member of the executive committee of Radyne. Fitting was president of Radyne from February, 1995, until March, 2000. He became a director in March, 1995. Fitting holds a master's degree in electrical engineering from New York University and a bachelor's with distinction from Penn State. His professional career began in 1962 at Bell Laboratories, where he spent six years developing innovative communication technologies. Fitting then joined the Motorola Government Electronics Div., where he was an engineering manager. He published more than a dozen technical papers and was awarded a number of patents. He left Motorola in 1978 to build a new company under an agreement with Comtech Telecommunications. The new company was named Comtech Data, subsequently known as Fairchild Data. Fitting was general manager and president of Comtech Data from 1978 to 1984. He left Comtech to start a new company called EFData. As co-founder, CEO, and president, Fitting built EFData into a worldwide market leader in satellite communications equipment. While at EFData, Fitting won the "Arizona Entrepreneur of the Year" award in the manufacturing/high technology category.

Management Team

Key Executives

Robert C. Fitting; Brian Duggan; Garry D. Kline; Steven W. Eymann; Malcolm Persen

Board Directors

Dennis W. Elliott; Yip Loi Lee; Robert C. Fitting; C. Jerome Waylan; James Spilker

Executive Data provided by Capital IQ