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Northrop Grumman Acquires Fibersense Technology
Dec 2002
LOS ANGELES, Dec. 20 -- Northrop Grumman Corp. announced it has acquired Fibersense Technology Corp. from Audax Group. The stock of Fibersense, a designer and manufacturer of fiber optic gyroscope-based navigation systems, was acquired for $44 million in cash.

Fibersense, which has approximately 140 employees, designs and manufactures precision fiber optic gyroscopes, inertial measurement units and sensor components for missile, aircraft, sea and land applications.

Fibersense will be integrated into Northrop Grumman's Navigation Systems Div., based in Woodland Hills, Calif. A part of Northrop Grumman's Baltimore, Md.-based Electronic Systems sector, the Navigation Systems Div. provides situational awareness products and services for the defense and commercial markets, offering integrated avionics, inertial navigation and guidance systems, satellite electronics, identification friend-or-foe systems, smart displays, fiber optic sensors and systems and logistic support products and services.

Fibersense Technology is a wholly owned subsidiary of Fibersense Holdings LLC, whose principals include Audax Group, a private equity firm based in Boston, Mass.

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