BAE to buy CPI for $58.5 million

BAE Systems North America intends to acquire Condor Pacific Industries for $58.5 million in cash, the company announced Oct. 22. The transaction is expected to close in 60 days.


CPI of Westlake Village, Calif., manufactures inertial products for navigation, guidance and control. These products include the two-axis rate sensor for tactical missile seekers, and the multifunction sensor for subminiature, low-cost inertial measurement units.


Mark Ronald, president and chief executive officer of BAE Systems North America, said acquiring CPI is part of the company's strategy to focus on markets that will enhance the effectiveness of existing and future weapon systems.


"CPI complements BAE Systems business in military systems guidance and control and will help strengthen our position in the global military gyro business," he said.


BAE Systems North America is a unit of BAE Systems of Farnborough, U.K. BAE Systems has about 100,000 employees and annual revenue of $18 billion.

About the Author

William Welsh is a freelance writer covering IT and defense technology.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.