BAE Systems announces agreement to acquire OASYS Technology
BAE Systems today announced it has entered into a definitive agreement to acquire OASYS Technology, a privately owned company specializing in the design and manufacture of electro-optical systems and subassemblies for aerospace, defense, industrial and commercial markets.
The acquisition of OASYS Technology will complement BAE Systems' existing electro-optical capabilities, technologies and product offerings.
"OASYS Technology's talented workforce and technologies will enhance BAE Systems' ability to serve its customers as a leader in day/night surveillance and targeting systems as well as precision guidance," commented Bob Murphy, executive vice president of BAE Systems, Inc. product sectors.
OASYS Technology employs 65 people at its 40,000 square foot design and manufacturing facility in Manchester, New Hampshire. Upon successful closing, OASYS Technology's operations are expected to be integrated with the BAE Systems business headquartered in Nashua, New Hampshire.
OASYS Technology Chief Executive Officer Mike Couture stated, "We look forward to the opportunity to become part of the BAE Systems family. We will be better positioned to serve our current customer base and broaden both the market and potential applications for our expertise, technologies, and products."
The proposed acquisition is conditional, among other things, upon receiving certain US regulatory approvals, and it is expected to close during the fourth quarter of 2010.
Source: BAE Systems
You may also like
More from Digital Battlespace
-
![Chess Dynamics successfully demonstrates Vision4ce AI-driven tracker]()
Chess Dynamics successfully demonstrates Vision4ce AI-driven tracker
The Vision4ce Deep Embedded Feature Tracking (DEFT) technology software is designed to process video and images by blending traditional computer vision with artificial intelligence (AI) algorithms to present actionable information from complex environments.
-
![Wave Relay devices cleared for security use on commercial systems in industry trend]()
Wave Relay devices cleared for security use on commercial systems in industry trend
Persistent Systems has been cleared by National Security Agency (NSA) to transmit sensitive data on commercial networks. The devices are added to the NSA’s Commercial Solutions for Classified (CSfC) component list which also includes other companies’ products providing the same security.
-
![UK teases cyber spending boost in Strategic Defence Review ahead of “imminent” release]()
UK teases cyber spending boost in Strategic Defence Review ahead of “imminent” release
The release of the UK’s Strategic Defence Review (SDR) has been long promised as mid-year. It is possible it could be as early as 2 June although the UK Ministry of Defence (MoD) continues to play its cards close to its chest.
-
![Intelsat emphasises SATCOM resilience for SOF in contested domains (video)]()
Intelsat emphasises SATCOM resilience for SOF in contested domains (video)
Intelsat outlines how its multi-orbit SATCOM architecture is enhancing connectivity and resilience for special operations forces operating in degraded and contested environments.
-
![US Space Force’s next-generation missile warning system moves forward with $500 million in new contracts]()
US Space Force’s next-generation missile warning system moves forward with $500 million in new contracts
Next-Generation Overhead Persistent Infrared (Next-Gen OPIR) satellites are intended to provide early warning of missile launches from any location worldwide and new ground stations will result in expanded coverage of critical missile warning.
