Virginia, US: BAE Systems has completed acquisition of the outstanding equity of privately owned Fairchild Imaging, Inc. The proposed acquisition was announced January 21, 2011.
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. 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, BAE Systems Electronic Solutions.
According to the company’s press statement, 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.
Source: BAE Systems