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BAE To Acquire ISR Business From Esterline

Cal Biesecker By
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BAE To Acquire ISR Business From Esterline
BAE Systems, Inc. Chief Operating Officer Tom Arsenault. Photo: BAE Systems

Britain’s BAE Systems on Thursday said it has agreed to acquire Eclipse Electronic Systems, Inc. from Esterline Corp. [ESL] for $28 million in cash, boosting its capabilities in intelligence, surveillance and reconnaissance products and services. BAE said that the deal will broaden its potential customer base and enhance its ISR offerings to existing customers. Texas-based Eclipse has about 90 employees and provides ISR products and services to the defense and intelligence community. “By combining Eclipse Electronic Systems’ products with BAE…

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