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Business/Financial

BAE To Acquire Small Developer of UAS, Advanced Ceramics

DDN

Friday, March 13th, 2009

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By Calvin Biesecker BAE Systems yesterday said it has agreed to acquire Advanced Ceramics Research Inc., a developer and supplier of small and tactical unmanned aircraft systems (UAS) and advanced ceramic materials, in a deal that complements the United Kingdom-based company's work on larger UAS systems. BAE said it is paying $14.7 million for Arizona-based Advanced Ceramics. In addition to expanding BAE's portfolio of UAS offerings, the pending acquisition would give the company a manufacturing presence in the United States…

Congress

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