BAE SYSTEMS Completes Sale of Communications Equipment Facility.Business Editors/Hi-Tech Writers ROCKVILLE, Md.--(BUSINESS WIRE)--Nov. 1, 2002 BAE SYSTEMS BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. has completed the sale of its Advanced Systems' Gaithersburg operation to Integrated Defense Technologies, Inc. The negotiated $146 million cash sale to Integrated Defense Technologies was originally announced Sept. 13. Closing of the sale today followed completion of regulatory reviews and approvals. At the Gaithersburg Operation, located in Gaithersburg, Maryland, more than 300 employees design and manufacture high performance radio frequency surveillance equipment used in signals intelligence applications. Mark Ronald Mark Ronald is an American engineer with strong ties to the defense industry. Until 2007-01-02 he was President & CEO of BAE Systems Inc., the US subsidiary of BAE Systems plc and also served as a board member and Chief Operating Officer of BAE Systems plc. , 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. , BAE SYSTEMS plc, and President and Chief Executive Officer, BAE SYSTEMS North America, said the sale was made because the focus and strategy of BAE SYSTEMS North America is moving from component provider -- as represented by the RF surveillance equipment lines -- to systems integration. "The Gaithersburg Operation has a proven tradition of excellence in providing high quality and high performance RF solutions for the military and civilian signals intelligence community. We're confident the business and the talented workforce will be a superb fit with Integrated Defense Technologies," he said. The Gaithersburg Operation has provided communications equipment in the area of receivers, tuners, cellular and wireless intercept, signal processing and direction for its customers for more than 40 years. Additional Information for Editors: 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 $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. BAE SYSTEMS Advanced Systems has facilities in Mt. Vernon, New York Vernon, New York may refer to:
Greenlawn is located at (40.857648, -73.365932)GR1. . As the world's leading producer of Identification, Friend or Foe A device that emits a signal positively identifying it as a friendly. Also called IFF. See also air defense. products, Advanced Systems currently produces military interrogators and transponders for airborne, shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. , and air defense applications worldwide, and maintains a long history in the design, development and manufacturing of military communications, electronic identification, displays, antennas, and anti-submarine warfare products. Integrated Defense Technologies is a leading developer and provider of advanced electronics and technology products to the defense and intelligence industries. For more information on Integrated Defense Technologies visit its Web site, www.Integrateddefense.com |
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