Boeing to Sell Anaheim Sensors Unit to DRS Technologies

Advanced sensor technology is an important part of the compound semi industry and The Boeing
Company has announced it has reached a definitive agreement to sell their Sensors
& Electronic Systems business at its facility in Anaheim, California to DRS
Technologies, Inc.
DRS has agreed to purchase the business for an unspecified
figure and more than 300 Boeing employees will transition to DRS. Boeing’s sensor
business is part of the Battle Management Command, Control and Communications
(BMC3) & Strategic Systems business, a component of Boeing Space & Communications.
`"The divestiture of the Sensors business reflects the overall direction
of the Boeing defense businesses to focus on system-of-systems opportunities
,”
said Allen B. Ashby, vice president and general manager, Boeing BMC3 & Strategic
Systems. "DRS is a strong player in the sensors and electronics market
and views the business as an asset to their core capabilities
.” The Sensors
& Electronic Systems business is responsible for a variety of government-contracted
programs that directly relate to the compound semi field, such as Thermal Imaging
Surveillance Systems, Mast Mounted Site, and an electro-optical aircraft landing
system for installation aboard aircraft carriers. DRS Technologies has its headquarters
in Parsippany, NJ. BMC3 & Strategic Systems provides products and services to
customers in markets including strategic missiles; integrated battle management;
command, control and communication systems; precision navigation products; laser
& electro optical systems; and airborne control systems. The organization employs
approximately 8,000 people at locations across the United States and worldwide
including Anaheim, Calif.; Canoga Park, Calif.; El Paso, Texas; Heath, Ohio;
Ogden, Utah; Washington, D.C.; Kent, Wash., and Brisbane, Australia.