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John Trezza: UTC Adds to Tactical Imaging Tech Portfolio With N2 Buy

soldier-equipment-c4isrUnited Technologies Corp. (NYSE: UTX) has purchased infrared imaging technology developer N2 Imaging Systems for an undisclosed sum in a move to complement UTC’s intelligence, surveillance and reconnaissance portfolio.

Irvine, California-based N2 will be integrated into the force protection business group of UTC’s aerospace systems segment, UTC said Wednesday.

“This acquisition underscores our commitment to our customers’ mission needs, ” said John Trezza, UTC vice president and general manager of the force protection unit.

Trezza added the two companies will exchange imaging technology development expertise as they aim to jointly pursue the U.S. Army‘s Enhanced Night Vision program.

UTC’s aerospace systems segment builds integrated systems and components designed to support military customers’ strategic, operational and tactical activities.

Shares in Charlotte, North Carolina-based UTC were flat at $95.25 from Wednesday’s close as of 10 a.m. Thursday.

The company said in October it plans to repurchase $12 billion of its stock.

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