ROCKVILLE, Md., 8 September 2006. BAE Systems has reached a definitive agreement with National Sensor Systems (NSS) to purchase all of the shares of the company for $8.7 million in cash.
NSS, a privately held company based in Acton, Mass., specializes in the development of electro-optical sensor systems for aerospace and defense applications. NSS also provides gimbal and stabilization systems to the Department of Defense and other government agencies.
NSS employs 20 engineers and scientists.
"NSS' technology expertise will help BAE Systems expand its capabilities in airborne sensors, electronic warfare and communications," says Walt Havenstein, president of BAE Systems Electronics & Integrated Solutions headquartered in Nashua, N.H.
The parties expect to close the transaction promptly upon receipt of regulatory approvals.
