Thu, Jan 06, 2005
Supplier of Tactical UAVs to US Military
L-3 Communications says it completed
the acquisition of BAI Aerosystems, Inc. on December 21st.
Financial terms of the transaction were not disclosed.
Headquartered in Easton, MD, BAI designs, manufactures and
integrates unmanned aerial vehicles (UAVs). BAI targets the small
(generally classified as less than 300 pounds) UAV segment and
presently offers six primary platforms. The principal tactical uses
of BAI's aircraft are by the military for remote imaging
applications in surveillance missions. BAI also offers a complete
set of UAV subsystems, such as avionics and auto pilots, imaging
and sensor payloads, ground control stations and support equipment,
which are incorporated into its proprietary designs as well as sold
to other UAV manufacturers. Founded in 1985, BAI has sold over
1,000 UAVs and currently has aircraft deployed in support of US
operations in both Iraq and Afghanistan.
"L-3 Communications has an established presence in the UAV
marketplace through our participation on the Predator and Global
Hawk platforms," said L-3 Chairman and CEO Frank C. Lanza. "BAI has
developed a family of highly reliable and flexible tactical UAVs
and established a terrific working relationship with the special
operations groups in the US Army, Navy and Marines. As part of our
ISR and Secure Communications segment, BAI will provide L-3 with a
new capability to test, demonstrate and market its broad array of
imaging, sensor and detection systems in the fast growing UAV
sector of the defense market, as well as provide additional sales
opportunities for our products already serving this market."
Lanza also said BAI will report into L-3's Integrated Systems
subsidiary, which is led by Bob Drewes.
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