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


  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. 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.