BAE Systems plans purchase to expand intelligence offerings
Arlington-based BAE Systems has announced it plans to acquire advanced technology company Eclipse Electronics Systems from Esterline Corp. for $28 million.
Texas-based Eclipse employs 90 people and provides intelligence, surveillance and reconnaissance (ISR) services and products to the U.S. Defense and intelligence community. The proposed acquisition will broaden BAE Systems’ ISR offers and its customer base.
“By combining Eclipse Electronic Systems’ products with BAE Systems’ existing ISR capabilities, we will be able to support our customers’ requirements for reliable, smaller, lighter and more power-efficient sensor solutions to capture and harness actionable intelligence,” Tom Arseneault, chief operating officer at BAE Systems Inc., said in a statement.
The acquisition is conditional on regulatory approvals and is expected to close in the first quarter of 2015.