BAE Systems recently reached a definitive agreement with National Sensor Systems (NSS) to purchase all of the shares of the company for $8.7 million in cash.
BAE Systems recently reached a definitive agreement with National Sensor Systems (NSS) to purchase all of the shares of the company for $8.7m in cash.
NSS, a privately held company based in Acton, Massachusetts, specialises in the development of electro-optical sensor systems for aerospace and defence applications. NSS also provides gimbal and stabilisation systems to the US Department of Defense and other government agencies. The company employs 20 engineers and scientists.
Walt Havenstein, president of BAE Systems Electronics & Integrated Solutions headquartered in Nashua, New Hampshire, said, ‘NSS’ technology expertise will help BAE Systems expand its capabilities in airborne sensors, electronic warfare and communications. In turn, we expect to take that expertise to the next level of innovative performance.’
The parties expect to close the transaction promptly upon receipt of regulatory approvals.