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Virtual News Room 2002
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| 06 December 2002
BAE SYSTEMS NORTH AMERICA COMPLETES $58.5 MILLION ACQUISITION OF CONDOR PACIFIC INDUSTRIES BAE Systems North America has completed its acquisition of Condor Pacific Industries Inc., Westlake Village, California, a producer of sensors and guidance systems for the aerospace industry, following receipt of all regulatory approvals. The $58.5 million acquisition will strengthen BAE Systems activities in guidance and control of military systems. "Condor Pacific's strength in inertial sensors and guidance systems closely complements our broad involvement in aircraft control electronics," said James Scanlon, president of BAE Systems Controls. "In addition, it enhances our ability to serve the growing precision munitions market segment." The Condor Pacific business, which also includes plant locations in Cheshire, Connecticut, and Heath, Ohio, will be part of BAE Systems Controls Sector, based in Johnson City, N.Y. BAE Systems Controls develops and produces integrated flight and engine control subsystems and produces hybrid electric drive systems for commercial and military vehicles. Condor Pacific supplies inertial products for navigation, guidance, and control, including STARS, a two-axis rate sensor for tactical missile seekers, and STAARS, a multi-function sensor for sub-miniature, low-cost inertial measurement units. About BAE SYSTEMS: BAE Systems is a systems company, innovating for a safer world. BAE Systems employs nearly 100,000 people including joint ventures, and has annual sales of around £13 billion. The company offers a global capability in air, sea, land, and space, with a world-class prime contracting ability supported by a range of key skills. BAE Systems designs, manufactures, and supports military aircraft, surface ships, submarines, space systems, radar, avionics, communications, electronics, guided weapon systems and a range of other defence products. BAE Systems is dedicated to making the intelligent connections needed to deliver innovative solutions. BAE Systems North America is a high-technology U.S. company employing more than 22,000 Americans who live and work in 30 states and Washington, D.C. The company is dedicated to solving its customers' needs with highly innovative and leading-edge solutions across the defence electronics, systems, information technology, and services arenas. BAE Systems Controls, an operating unit of BAE Systems North America, is a leading supplier and integrator of electronic flight and engine control systems for defence and commercial aircraft and launch vehicle applications. It also provides integrated avionics for aircraft applications and complete unmanned aerial vehicle systems and is a leader in electronic controls for the locomotive industry and the emerging heavy-duty hybrid-electric vehicle market. Controls operates facilities in Johnson City, New York; Santa Monica and Ontario, California; Fort Wayne, Indiana; and Redmond, Washington. For further information, please contact:
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