ARLINGTON, Va., 23 Jan. 2011. BAE Systems Inc. in Arlington, Va., is seeking to expand its electronic systems business into cameras and other electronic imaging components with its acquisition of Fairchild Imaging Inc. in Milpitas, Calif. BAE Systems agreed Friday to acquire Fairchild Imaging for $86 million. Fairchild specializes in solid-state electronic imaging components, cameras, and systems for aerospace, industrial, medical, and scientific imaging applications.The proposed acquisition will complement the company's existing electro-optics and imaging capabilities, technologies, and product offerings, BAE Systems (LSE: BA) officials say. On closing, Fairchild Imaging will become part of the BAE Systems Electronic Solutions sector in Nashua, N.H."The addition of Fairchild Imaging's advanced electronic imagery technology will support enhanced night vision capability for both airborne and land forces applications," says Linda Hudson, president and chief executive officer of BAE Systems Inc. The proposed acquisition of Fairchild Imaging follows BAE Systems's acquisition of OASYS Technology LLC in Manchester, N.H., in 2010, to boost BAE Systems expertise in electro-optical systems and subassemblies for aerospace, defense, industrial, and commercial applications.
"We look forward to becoming part of BAE Systems to further enable Fairchild Imaging to deliver our low-light scientific CMOS (sCMOS) imaging technology for the benefit of the soldier," says Fairchild Imaging President Charles Arduini. "The simultaneous low-light, wide dynamic range, high definition video of sCMOS will provide U.S. and NATO forces with the ability to see better than the enemy -- in both day and night conditions." Fairchild Imaging employs about 150 people.
For more information contact BAE Systems Electronic Solutions online at www.baesystems.com, or Fairchild Imaging at www.fairchildimaging.com.
