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 our ability to serve our customers with lower size, weight, and power devices for both airborne and land forces applications,” Tom Arseneault, president of BAE Systems Electronic Solutions in Nashua, N.H., said in a statement.