BAE SYSTEMS Completes Sale of Camouflage, Concealment and Deception Business, Lillington, North Carolina.Business Editors NASHUA, N.H.--(BUSINESS WIRE)--April 26, 2002 BAE SYSTEMS North America today completed the sale of its Camouflage, Concealment and Deception (CCD CCD in full charge-coupled device Semiconductor device in which the individual semiconductor components are connected so that the electrical charge at the output of one device provides the input to the next device. ) business, located at Lillington, North Carolina Lillington is a town in Harnett County, North Carolina, United States. The population was 2,915 at the 2000 census. It is the county seat of Harnett CountyGR6. Geography Lillington is located at (35. . The sale, to Saab Barracuda LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , was originally announced March 11; closing of the sale today followed completion of its review by the Committee on Foreign Investment in the United States The Committee on Foreign Investment in the United States (or CFIUS) is an inter-agency committee of the United States Government that reviews the national security implications of foreign acquisitions of U.S. companies or operations. (CFIUS CFIUS Committee on Foreign Investment in the United States ). The CCD line of business has about 100 employees. In announcing the divestiture, BAE SYSTEMS Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and President, BAE SYSTEMS North America Mark Ronald noted that the sale advances BAE SYSTEMS North America's strategic focus. The CCD business has been a producer of advanced screen camouflage systems, mobile camouflage systems and tailored spectral coatings since 1990. In 1994, BAE SYSTEMS and Saab Barracuda signed a technical assistance agreement providing technical and marketing cooperation for CCD products in the U.S. The Lillington production facility has been manufacturing systems for the U.S. market since 1999. Foremost among the unit's CCD products is its Ultra Lightweight Camouflage Net System -- ULCANS ULCANS Ultralightweight Camouflage Net System -- which provides heightened protection for military forces against visual, near infrared, thermal infrared and radar detection. Additional Information for Editors BAE SYSTEMS is a systems company, innovating for a safer world. BAE SYSTEMS employs more than 120,000 people and has annual sales of around $18 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 defense products. BAE SYSTEMS is dedicated to making the intelligent connections needed to deliver innovative solutions. BAE SYSTEMS North America employs 22,000 people in the design, development, integration, manufacture and support of a wide range of advanced aerospace products and intelligent electronic systems for government and commercial customers. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion