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BAE Completes Purchase of Fairchild Imaging

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Britain's BAE Systems yesterday said it has completed its acquisition of California-based Fairchild Imaging, a developer and manufacturer of solid state electronic imaging components, cameras and systems, for $86 million in cash. BAE already had a 9 percent stake in Fairchild when it announced an agreement in January to acquire the rest of the company (Defense Daily, Jan. 24). BAE said the deal complements its existing electro-imaging capabilities and products. "Fairchild Imaging offers advanced electronic imaging technology that will enhance…

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