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BAE Systems to acquire OASYS Technology |
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BAE Systems has agreed to acquire OASYS Technology, a privately owned company specializing in the design and manufacture of electro-optical systems and sub-assemblies for aerospace, defense, industrial and commercial markets. The acquisition is said to complement BAE Systems' existing electro-optical capabilities, technologies and product offerings. It employs 65 people at its 40,000 square foot design and manufacturing facility in Manchester, New Hampshire.  OASYS Technology specializes in rugged, reliable solutions to complex and challenging electro-optical needs that meet the most demanding environmental conditions of land, sea, air, and space. The company's offerings are segmented into four primary markets: Military products and accessories, Laboratory and Test Instrumentation, Optical Assemblies, and Optical Components. "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. The acquisition is subject to approvals from US regulators, and is expected to close during the fourth quarter of 2010. BAE Systems said that upon successful closing, OASYS Technology's operations would be integrated with the BAE Systems business headquartered in Nashua, New Hampshire. |
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