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  • BAE Systems Inc.

Mar 2011
Global defense and security company BAE Systems Inc. of Arlington, Va., has entered into a definitive agreement to acquire Fairchild Imaging Inc. of Milpitas, Calif., a privately held company that manufactures solid-state electronic-imaging components, cameras and systems for medical, scientific and other imaging applications. BAE Systems currently owns 8.7 percent of Fairchild Imaging’s equity, and for a cash consideration of ~86 million, will acquire the remainder. The acquisition will help BAE Systems grow its electronic systems business and will complement existing electroimaging capabilities, technologies and product offerings. The transaction, expected to close in the first half of 2011, is conditional upon receiving certain regulatory approvals.

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