UTC Aerospace Systems (UTAS) has acquired N2 Imaging Systems (Irvine, California). N2, which will stay at its current location, will be part of the UTAS intelligence, surveillance and reconnaissance (ISR) business, which includes Sensors Unlimited and Cloud Cap Technology (Hood River, Oregon).
The terms of the transaction were not disclosed. However, DRS’s stake in N2 was also acquired, thus making UTAS the sole owner.
Defense Segment Will Continue Work on Night Vision
DRS Technologies has split-out its former Nytech unit which was acquired in 2002. The new company, called N2 Imaging Systems, will continue to operate out of its original Irvine, California offices.