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Article: BAE Systems to Acquire Advanced Ceramics Research, Inc.
- Article from:
- Business Wire
- Article date:
- March 12, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROCKVILLE, Md. -- BAE Systems today announced it has entered into a definitive agreement to acquire Advanced Ceramics Research, Inc., a Tucson, Arizona-based producer of small Unmanned Aircraft Systems (UAS) and advanced ceramic materials.
The transaction is a stock purchase of a private company, and will be completed following receipt of regulatory approvals.
The acquisition supports BAE Systems' UAS strategy. To underpin the delivery of this strategy, BAE Systems will bring together capabilities from across its home markets, while respecting relevant export control regulations and industrial policy issues.
"This acquisition will provide BAE ...