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BAE Systems Completes Acquisition of Fairchild Imaging, Inc.

Dépèche transmise le 4 avril 2011 par Business Wire

BAE Systems Completes Acquisition of Fairchild Imaging, Inc.

ARLINGTON, Va.--(BUSINESS WIRE)--BAE Systems has completed the acquisition of the outstanding equity of privately owned Fairchild Imaging, Inc. The proposed acquisition was announced January 21, 2011.

“Fairchild Imaging offers advanced electronic imaging technology that will enhance our ability to serve our customers with lower size, weight, and power devices for both airborne and land forces applications”

Fairchild Imaging designs and manufactures solid-state electronic imaging components, cameras, and systems. These components have potential uses across diverse aerospace, industrial, medical, and scientific imaging applications, including night vision systems, thermal imagers, aerial mapping, and missile seekers.

Fairchild Imaging employs approximately 160 people at its facility in Milpitas, California. These operations will now become part of the BAE Systems Electronic Solutions sector headquartered in Nashua, New Hampshire.

“Fairchild Imaging offers advanced electronic imaging technology that will enhance our ability to serve our customers with lower size, weight, and power devices for both airborne and land forces applications,” said Tom Arseneault, president of BAE Systems Electronic Solutions in Nashua.

This acquisition is consistent with BAE Systems' strategy to grow its electronic systems business and builds on the company’s acquisition of OASYS Technology in 2010. By integrating the capabilities of these acquired businesses, BAE Systems will be better positioned to provide new and enhanced solutions for customers.

About BAE Systems

BAE Systems is a global defense and security company with approximately 100,000 employees worldwide. The company delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support and services. In 2010 BAE Systems reported sales of approximately $34.6 billion.