BAE Systems has a deal in place to acquire Fairchild Imaging, Inc., a firm focused on solid-state electronic imaging components, cameras, and systems for aerospace, industrial, medical, and scientific imaging applications.
According to the firm, “BAE Systems currently owns 8.7 percent of the equity of Fairchild Imaging and, upon completion of the acquisition for a cash consideration of approximately $86 million, will have acquired all of the remaining outstanding equity.”
The move will boost “Inc.’s” electronic systems business and will complement existing electro-imaging capabilities, technologies, and product offerings.”
“The addition of Fairchild Imaging’s advanced electronic imagery technology will support enhanced night vision capability for both airborne and land forces applications, ” BAE Systems, Inc. CEO Linda Hudson said. “It also progresses BAE Systems’ focus on providing our customers with higher-quality image solutions with lower size, weight, and power characteristics, helping soldiers to complete their missions more safely and effectively.”
