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Business/Financial

Goodrich To Acquire Provider of Guidance And Navigation Products

DDN

Thursday, November 19th, 2009

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Goodrich [GR] said this week that it has agreed to acquire Atlantic Inertial Systems (AIS) for $375 million, adding to its capabilities in the area of guidance, control and navigation systems. AIS is a portfolio company of the private equity firm J.F. Lehman & Co. The company's primary products are inertial sensors, inertial measurement units, integrated IMUs and GPS systems, stability systems, and terrain avoidance systems for missiles, military aircraft and land systems. "This acquisition provides the company with another…

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