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Business/Financial

Goodrich Acquires Small Avionics Firm

DDN

Wednesday, May 6th, 2009

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Goodrich Corp. [GR] last week said it has acquired Cloud Cap Technology, Inc. (CCT), a provider of avionics systems for small unmanned aerial vehicles (UAVs) and sensors for manned aircraft. Terms of the deal were not disclosed. Oregon-based CCT has about 30 employees. Goodrich said the company's products are used on most small UAVs in operation or in development. The main products include autopilot flight management systems, inertial measurement sensors and stabilized imaging micro-gimbals. "This acquisition provides Goodrich with an…

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