Raytheon has agreed to sell its optical systems business to The BFGoodrich Company.
The parties expect to finalise the sale by the end of the year. Other details of the transaction were not disclosed. Raytheon will use proceeds from the sale to reduce its debt.
Headquartered in Danbury,CT, Raytheon Optical Systems (ROS) is a producer of large optical and sensor systems, precision optics, reconnaissance systems and laser warning systems for military and civil space programs.
The unit supplies systems for use in the U-2 reconnaissance aircraft, Apache and SuperCobra attack helicopters, NASA’s Hubble Space Telescope and the Chandra X-ray Observatory.
ROS employs about 700 people at facilities in Danbury, Lexington, MA, Albuquerque, NM, and San Jose, CA.
On the web at www.raytheon.com