Goodrich Corp. and Sensors Unlimited, Inc. (SUI) have signed a definitive agreement under which the latter has agreed to acquire SUI for $60 million. The deal is expected to close in the fourth quarter of 2005, after obtaining regulatory approvals.
Fluke Corp. is acquiring Infrared Solutions. The move is another step in the consolidation of the infrared industry as large public companies buy privately-held start-ups.
In a significant breakthrough, AIM Infrarot-Module has fabricated two-color superlattice (SL) FPAs.
Raytheon has been awarded $17 million for 15 RAID (Rapid Aerostat Initial Deployment) systems to support Operation Eagle Eye.
The U.S. Navy has selected Northrop Grumman to develop the Shipboard Protection System (SPS), a system intended to protect virtually all types of naval vessels from asymmetric terrorist threats while at a dock, at anchor or during restricted maneuvering. The system will integrate visible and infrared imagers with radar to provide constant 360 degree situational awareness.
DRS Technologies, Inc. and Engineered Support Systems, Inc. (ESSI) have signed a definitive agreement for DRS to acquire all of the outstanding stock of ESSI for $43 per share through a combination of cash and DRS common stock. ESSI, a public company trading on NASDAQ, focuses mainly on services and integrated electronics that it supplies to its military customers.
SELEX Sensors and Airborne Systems (SELEX S&AS) has signed an exclusive agreement with Rafael of Israel to manufacture and market their Overhead Weapon Stations (OWS) for the UK defense market. The OWS range includes the Enforcer system, which is to be fitted to BAE Systems’ Panther vehicle.