Business

October 19, 2012

O’Gara Group to acquire BAE Systems division

The O’Gara Group, Inc. has entered into a definitive purchase agreement with BAE Systems Survivability Systems LLC to acquire BAE Systems Commercial Armored Vehicles LLC.

The O’Gara Group is a global provider of security products and services.

BAE Systems Commercial Armored Vehicles armors selected vehicle models for both government and commercial customers as well as producing transparent armor for the commercial and military markets.

This acquisition will reunite the founders of The O’Gara Group with the former O’Gara-Hess & Eisenhardt Armoring Company, which they built into one of the largest armored vehicle manufacturers in the world before its sale to Armor Holdings in 2001 and its eventual purchase by BAE in 2007. With this acquisition, The O’Gara Group solidifies its position as a significant supplier of armored vehicles in the US. The O’Gara Group currently has vehicle armoring facilities in San Antonio, Texas, and Fairfield, Ohio.

“We are pleased to have entered into an agreement to acquire the BAE Systems Commercial Armored Vehicles,” said Wilfred “Bill” O’Gara, CEO of The O’Gara Group. “We look forward to continuing the growth of our commercial armoring business and expanding the transparent armor business. This acquisition not only restores our heritage, it also advances our position and agility in the commercial armor market.”

The acquisition is anticipated to close in the fourth quarter of 2012 and is subject to customary closing conditions. The purchase price was not disclosed.




All of this week's top headlines to your email every Friday.


 
 

 

Boeing, Royal Australian Air Force test extended range weapon

The Boeing Joint Direct Attack Munition Extended Range demonstrated significant range increase while maintaining its expected accuracy during flight testing conducted by Boeing and the Royal Australian Air Force. The testing centered on a new wing kit that, when used in conjunction with the weaponís guidance kit, increases the bomb’s range from approximately 15 miles...
 
 

DRS Technologies to provide comm systems for Royal New Zealand Navy frigates

DRS Technologies Inc., a Finmeccanica Company, announced Feb. 25 that its Canadian subsidiary will be providing tactical integrated communications systems to the New Zealand Ministry of Defense for the Royal New Zealand Navy’s ANZAC-class frigates. This subcontract was awarded to DRS Technologies Canada Ltd. in support of a communications modernization contract from Lockheed Martin Canada...
 
 

Northrop Grumman LITENING achieves two million operating hour milestone

In the life cycle of every military system, some milestones stand out as signature achievements. One million operating hours is one of them – and Northrop Grumman’s fielded AN/AAQ-28(V) LITENING pods have hit that number for the second time. “This is a significant milestone for the LITENING program and our team is proud to be...
 

 

Boeing to intensify technical career development for engineering workforce

Boeing Feb. 25 is implementing a plan to renew its focus on the companyís engineers worldwide by dedicating the first two of new Engineering Career Development Centers that would serve as training grounds for its technical workforce. Over the next year, leading up to Boeingís 100-year anniversary in 2016, the company will open a dozen...
 
 
Raytheon-AMRAAM

Raytheon unveils extended range AMRAAM

Raytheon has begun development on an extended range variant of the combat-proven Advanced Medium Range Air to Air Missile. Designed specifically for ground-based air defense, AMRAAM-ER will enable intercepts at longer range and...
 
 

Upgrades boost ballistic missile defense radar’s performance during missile raid

The U.S. and its friends and allies will soon have improved defenses against ballistic missile raids – large quantities of simultaneously impacting ballistic missiles. Raytheon has upgraded the computer processor of the AN/TPY-2 ballistic missile defense radar, enabling the system to both perform better during raids and to more quickly and accurately discriminate between a...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>