BAE strengthens intel capabilities with acquisition

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BAE strengthens intel capabilities with acquisition
by Richard Tomkins
Arlington, Va. (UPI) Oct 2, 2014

Cassidian Optronics now wholly owned subsidiary of Airbus DS
Unterschleissheim, Germany (UPI) Oct 2, 2014 - Cassidian Optronics of Germany now operates as Airbus DS Optronics GmbH following a two-year integration process.

Airbus Defense and Space, which held 75.1 percent of the company since October 2012, said the name change is the result of its acquiring all remaining shares of the company.

"The alteration to the company's name and the complete change of ownership will not entail any changes for the suppliers, customers and employees of the company," Airbus DS said.

The chief executive officer of Cassidian Optronics, Ralf Klaedtke, will remain at the helm of Airbus DS Optronics.

Airbus DS Optronics develops, designs and produces optronic, optical and precision-engineered products for military, civil and security applications. It has facilities in South Africa, South Korea, Brazil and Algeria as well as in Germany.

The financial details of the transaction were not disclosed.

BAE Systems has completed its acquisition of Signal Innovations Group Inc., strengthening its intelligence capabilities portfolio.

Signal Innovations Group, headquartered in North Caroline, specializes in imaging technologies and analytics for the U.S. intelligence and defense communities.

"As our customers continue to look for solutions to transform 'big data' into actionable intelligence, the combination of SIG's technologies with our existing intelligence tools and analysis capabilities will enhance our ability to offer customers tactical and strategic intelligence from around the globe," said DeEtte Gray, president of BAE Systems, Inc. Intelligence & Security. "Together, we also have the potential to leverage our capabilities and bring this technology to a number of innovative commercial applications in an affordable way."

BAE Systems said Signal Innovations has been one of its top suppliers on a number of intelligence and security programs, providing full-motion video, persistent wide area motion imagery, software for analyzing intelligence data, and other services.

BAE Systems announced its intent to acquire the company in late July. Then, as now, details of the transaction were not disclosed.

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