The acquisition will complement BAE Systems’ existing electro-optical capabilities, technologies and product offerings.
Oasys Technology employs 65 people at its 40,000 square foot design and manufacturing facility in Manchester, New Hampshire. Once the deal is finalised, the company will be integrated with the BAE Systems business headquartered in Nashua, New Hampshire.
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.
Massive new Coventry campus targets 60GWh battery output
Where will all the raw materials come from for the manufacturing process? How will they be transported to the factory and what is going to be done with the various scrap and residues?