BAE Systems Inc. — the British defense contractor’s U.S. subsidiary — has agreedÂ to acquireÂ Eclipse Electronic Systems fromÂ Esterline Corp. for nearly $28 million cashÂ in order to addÂ newÂ intelligence, surveillance and reconnaissanceÂ products to BAE’s portfolio.
The transaction is scheduled to complete inÂ the first quarter of 2015Â and is pendingÂ regulatory approvals, BAE said Thursday.
Dallas-based Eclipse Electronic Systems provides intelligence, surveillance and reconnaissance services to U.S. defense and intelligence agencies.
Tom Arseneault, chief operating officer at BAE Systems Inc., said the subsidiaryÂ will work to create new sensor technologies for intelligence collection through a combination of BAE’s ISR tools and Eclipse’s products.
âThis proposed acquisition fully aligns with BAE Systemsâ strategy to invest in advanced technologies critical to U.S. national security and defense needs, âÂ Arsenault said.
BAE Systems Inc. announced the transaction in the same week that itsÂ parent company — BAE Systems plcÂ — saidÂ it wrapped up itsÂ $232.5 million cash acquisition of cyber service provider Perimeter Internetworking Corp., whichÂ does businessÂ as SilverSky.
SilverSky CEOÂ Tim Harvey will lead BAE’sÂ applied intelligenceÂ commercial servicesÂ divisionÂ thatÂ will absorbÂ SilverSky’sÂ sales, marketing and engineering workforce.
Ian King, CEO ofÂ BAE Systems plc, said the expanded divisionÂ will deliverÂ products and services intended to help clientsÂ protect critical information and networks from threats.
âSilverSkyâs cloud-based email and network security solutions complement our existing portfolio and increase our presence in the United States, a very significant market for IT security, ” King said.
More than 400 employees work for New York City-headquartered SilverSky, which says it has more than 5, 000 customers.