Thursday - 26 April 2007
Published: 25 April 2007 03:50 PM
Source: The Engineer Online
The Inertial Products business supplies military and commercial customers inertial sensors and measurement units for the control, navigation and guidance of fixed- and rotary-winged aircraft, precision weapon systems, missiles, unmanned aerial vehicles, aerial targets and drones, tanks and fighting vehicles. It has approximately 810 employees at sites in the US and UK .
The sale also includes BAE Systems’ share of Silicon Sensing Systems (Related) , a joint venture between BAE Systems and Silicon Sensing Systems (Related) that is based in the UK and Japan .
The transaction is expected to occur within 60 days following receipt of regulatory approvals.
BAE Systems said the sale is consistent with its strategy to expand as a developer and integrator of systems and de-emphasise its role as a components provider.
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