Article: United States: General Dynamics Acquires Axsys for $643M.

Byline: Mamta03

General Dynamics has agreed to pay $643 million to acquire Axsys Technologies, the world s leading diamond turning optical manufacturer and a supplier of electro-optical and infrared (EO/IR) sensors and stabilized cameras to the U.S. military and homeland security agencies. General Dynamics Advanced Information Systems will pay $54 per share for Axsys outstanding common stock.

According to a General Dynamics spokeswoman, Axsys supplies electro-optical cameras, infared sensors, and multi-axis stabilized sensors for the following U.S. military systems:

M151 on Stryker, Mosul

Remotely operated weapons stations: Axsys ...

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