BAE SYSTEMS North America Completes $58.5 Million Acquisition of Condor Pacific Industries.Business Editors/High-Tech Writers ROCKVILLE, Md.--(BUSINESS WIRE)--Dec. 6, 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 its acquisition of Condor Pacific Industries Inc., Westlake Village, Calif., 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 mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with munitions. market segment." The Condor Pacific business, which also includes plant locations in Cheshire, Conn., and Heath, Ohio Heath is a city in Licking County, Ohio, United States. The population was 8,527 at the 2000 census. Geography Heath is located at (40.032047, -82.435652)GR1. , 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 STAARS Standard Army After Action Review System STaARS Securities Transaction and Asset Reconciliation System STAARS Standard Army After-action Report System STAARS Sustainment Training for Army Aviation Readiness Simulation , 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 $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 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 defense electronics, systems, information technology, and services arenas. BAE SYSTEMS Controls, an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of BAE SYSTEMS North America, is a leading supplier and integrator of electronic flight and engine control systems for defense and commercial aircraft and launch vehicle applications. It also provides integrated avionics for aircraft applications and complete unmanned aerial vehicle A powered, aerial vehicle that does not carry a human operator, uses aerodynamic forces to provide vehicle lift, can fly autonomously or be piloted remotely, can be expendable or recoverable, and can carry a lethal or nonlethal payload. 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 Johnson City is a village in Broome County, New York, United States. The population was 15,535 at the 2000 census. The Village of Johnson City was established in the Town of Union, New York and is a part of the "Triple Cities" along with Endicott, New York and ; Santa Monica and Ontario, California; Fort Wayne, Indiana “Fort Wayne” redirects here. For other uses, see Fort Wayne (disambiguation). Fort Wayne is a city in northeastern Indiana, USA and the county seat of Allen County. Fort Wayne is Indiana's second largest city after Indianapolis. ; and Redmond, Washington. |
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