BAE Systems has sold its commercial armored vehicles business to a Cincinnati-based security and defense company for $10 million.
The O’Gara Group acquires a business itInformation Technology formerly owned until 2001 and the transaction reunites the business’ former owners, members of management and other employees, the company said Monday.
O’Gara renamed the business O’Gara-Hess & Eisenhardt Armoring Company LLC, adopting the same name itInformation Technology operated under previous O’Gara ownership.
Armor Holdings acquired the business in 2001 and BAE purchased itInformation Technology in 2007 .
The business joins O’Gara’s mobile systems division, which designs, develops and manages the integration of ballistic and blast systems intended to protect security vehicles against terrorist attacks.
Bill O’Gara, president and CEO, said the company’s training and services division provides security and counter-terrorism training both domestically and internationally.
The company’s sensor systems unit aprovides night vision goggles, beacons and laser equipment to special operators, law enforcement and intelligence customers worldwide, the company said.